Macroeconomics in Context

by Neva Goodwin

This text updates the introductory undergraduate students on critical concerns of the 21st century including distributional equity and ecological sustainability. It includes discussions of historical, institutional, political and social factors to encourage students get engaged with the subject matter and offers clear and insightful coverage of standard concepts and models. Unlike most macroeconomics textbooks which focus exclusively on concepts of efficiency and GDP growth, this book starts with the question of human well-being and then examines how economic activities can contribute to or detract from our well-being. Table of Contents Part One: The Context for Economic Analysis Chapter 1: Economic Activity in Context Chapter 2: Useful Tools and Concepts Chapter 3: What Economies Do Chapter 4: Supply and Demand Part Two: Macroeconomic Basics Chapter 5: Macroeconomic Measurement: The Current Approach Chapter 6: Macroeconomic Measurement: Environmental and Social Dimensions Chapter 7: Employment and Unemployment Chapter 8: The Structure of the United States Economy Part Three: Macroeconomic Theory and Policy Chapter 9: Aggregate Demand and Economic Fluctuations Chapter 10: Fiscal Policy Chapter 11: Money and Monetary Policy Chapter 12: Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together Part Four: Macroeconomic Issues and Applications Chapter 13: The Global Economy Chapter 14 : How Economies Grow and Develop Chapter 15 : Macroeconomic Challenges for the Twenty-First Century

464 pages, Paperback

Published January 1, 2009