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Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Microeconomics in Context, the book is uniquely attuned to economic realities. The in Context books offer engaging coverage of current topics including financial crises, rising inequality, debt and deficits, and environmental sustainability, while also providing a clear and accessible exploration of economic theory and applications. The third edition features:Clear explanations of basic economic concepts alongside more in-depth analysis of macroeconomics models and economic activityExpanded coverage of topics including, inequality, financialization and debt issues, the changing nature of jobs, and sustainable developmentThoroughly updated figures and dataA full complement of online instructor and student support materials such as additional tables and data, PowerPoint slides and a study guideThis engaging textbook offers students an excellent guide to macroeconomics. The latest addition to the In Context series, it combines real-world relevance with a thorough grounding in multiple economic paradigms.The books companion website is available at: http:-materialstextbooksmacroeconomics-in-context Introduction. Part I The Context for Economic Analysis. 0. Macroeconomics and Well-Being. 1. Economic Activity in Context. 2. Useful Tools and Concepts. 3. What Economies Do. 4. Supply and Demand. PART II Macroeconomic Basics. 5. Macroeconomic Measurement: The Current Approach. 6. Macroeconomic Measurement: Environmental and Social Dimensions. 7. The Structure of the U.S. Economy. 8. Employment, Unemployment, and Wages. PART III Macroeconomic Theory and Policy. 9. Aggregate Demand and Economic Fluctuations. 10.Fiscal Policy. 11. Money, Banking, and Finance. 12. The Federal Reserve and Monetary Policy. 13. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together. 14. The Global Economy and Policy. 15. Financial Instability and Economic Inequality. 16. Deficits and Debt. 17. How Economies Grow and Develop. 18. Growth and Sustainability in the Twenty-First Century. Glossary. Index Macroeconomics in Context is the best text Ive seen for undergraduate teaching. By paying attention to pressing issues of our time, such as environmental degradation and social inequalities, it lets students readily see why the subject of economics is important to learn. This text gives students the basics while raising questions about how we can do better.–Valerie A. Luzadis, SUNY Environmental Science and Forestry, SyracuseMIC is a comprehensive textbook, allowing custom tailoring for any course. Its broad and critical perspective is invaluable in todays world with social and economic inequality, and makes MIC an oasis in the desert in the economics textbook market.–Adem Elveren, Assistant Professor of Economics, Fitchburg State University, MA, USA. © , Amazon.com, Inc. or its affiliates Macroeconomics in Context lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. Like its counterpart, Microeconomics in Context, the book is attuned to economic realities--and it has a bargain price. The in Context books offer affordability, engaging treatment of high-interest topics from sustainability to financial crisis and rising inequality, and clear, straightforward presentation of economic theory. Some special features include: --An eye-opening statistical portrait of the United States, including international comparisons, serves as a touchstone and gets students thinking contextually as soon as they open the book; --The theme of sustainability--financial, social, and ecological--is integrated throughout, with chapters on alternatives to standard GDP measurement and on growth and sustainability issues in the twenty-first century; --New coverage of the enlarged financial sector and associated risks; fiscal and monetary policy in action during the financial crisis in the United States and in other advanced economies; --Issues of human well-being, both domestic and global, are given central importance, enriching the topics and analytical tools to which students are introduced, with the larger goal of economic literacy for informed citizenship; --Policy issues are presented in context--historical, institutional, social, and political; --Basic concepts are explained clearly, with formal instruction in algebraic modeling techniques presented in optional chapter appendices; --Full complement of instructor and student support materials available free online. About the Author: Neva Goodwin is Co-Director of the Global Development And Environment Institute at Tufts University, USA and Co-Chair of the Board of the New Economics Institute. Jonathan Harris is Senior Research Associate and Director, Theory and Education Program, Global Development and Environment Institute, Tufts University, USA. Julie Nelson is Department Chair and Professor of Economics, University of Massachusetts Boston, USA. Brian Roach is Research Associate, Theory and Education Program, Global Development and Environment Institute, Tufts University, USA. Mariano Torras is Professor in the Department of Accounting, Finance and Economics, Adelphi University, USA. Review: This book is a truly Europeanised version of the well-established introductory textbook by Goodwin et al. which enriches the common narrative of economics by adding further perspectives and analytical approaches without being confusing or too complex. The European version contains a wealth of new content on debt and deficits, economic policies, institutions and actors in the European Union. The book will surely support students in gaining a profound, practical and multi-angled knowledge of economic issues which they can apply to understand and analyse real-world phenomena, like the emergence and evolution of the recent financial and euro crises which has so dramatically influenced European economies. ― Prof. Dr. Torsten Niechoj, Rhine-Waal University of Applied Sciences, Kamp-Lintfort, Germany An excellent source for lecturers who are struggling with teaching economics inside the straightjacket offered by the usual mainstream textbooks; it makes both studying and teaching more enjoyable, vision-broadening and real-life embedded by discussing issues within the historical, social and environmental contexts. ― Associate Professor Derya Gultekin-Karakas, Istanbul Technical University, Turkey. The new edition of Macroeconomics in Context is the best English language introductory macro textbook with a focus on Europe. Three unique features make it outstanding: first, the contextual approach – viewing economy as embedded in society, nature, institutions and policies; second, a thorough focus on the European Union; third, a response to the quest for more pluralism in theories, with both Keynesianism and mainstream macro plus related controversies. ― Jan Priewe, Professor (em.), HTW Berlin – University of Applied Sciences, Germany For decades there has been a lack of a relevant and pluralist introductory textbook to macroeconomics with a focus on the European economy. The European edition of Macroeconomics in Context fills this gap, and I hope it will be widely used in classrooms. ― Eckhard Hein, Professor of Economics and Co-Director of the Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany. The long financial and economic crisis was a test for governance but also science. Gaps between economic doctrines and the real world were exposed. This book offers a fresh and accessible introduction to the principles and methods of macroeconomics and builds on them a lucid overview of current policy issues from euro area imbalances to sustainable growth. ― László Andor, Head of Department of Economic Policy, Corvinus University, Budapest; former EU Commissioner for Employment, Social Affairs and Inclusion. About this title may belong to another edition of this title.

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