Macroeconomics in Context / Edition 2

by Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, Mariano Torras

Overview

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 affordability, engaging treatment of high-interest topics from sustainability to financial crisis and rising inequality, and clear, straightforward presentation of economic theory.

Key features include:

• An eye-opening statistical portrait of the United States, including international comparisons;
• Consistent integration of the theme of sustainability, 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;
• Policy issues are presented in context; historical, institutional, social, political, and ethical;
• 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, including test banks and grading through Canvas, online.

Product Details

ISBN-13:	9780765638748
Publisher:	Taylor & Francis
Publication date:	01/30/2014
Edition description:	Older Edition
Pages:	496
Product dimensions:	8.00(w) x 10.00(h) x (d)

About the Author

Neva Goodwin is a Distinguished Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center and Co-Director of the Global Development and Environment Institute (GDAE) at Tufts University. Her current interests focus on ecological restoration and its potential for improving human health and helping to mitigate climate change.

Jonathan M. Harris is Visiting Scholar at the Global Development and Environment Institute at Tufts University and Senior Research Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center. His current research focuses on the implications of large-scale environmental problems, especially global climate change, for macroeconomic theory and policy.

Julie A. Nelson is Emeritus Professor of Economics at the University of Massachusetts Boston and Senior Research Fellow at the Global Development and Environment Institute at Tufts University. Many of her books and articles critique economic methodology from a feminist perspective. She has published in journals ranging from Econometrica and the Journal of Political Economy to Hypatia: Journal of Feminist Philosophy and Ecological Economics.

Pratistha Joshi Rajkarnikar is Assistant Director of the Economics in Context Initiative at Boston University’s Global Development Policy Center and a lecturer at Boston University and Brandeis University. Her research covers topics on women’s empowerment, economic development, and the impacts of globalization on developing economies.

Brian Roach is Director of the Theory and Education Program at the Tufts University Global Development and Environment Institute and a Senior Research Fellow at the Economics in Context Initiative at Boston University. He is a lecturer at Tufts University and has taught at Brandeis University, Brown University, and the University of Maine. He specializes in environmental economics and is a co-author (with Jonathan Harris) of Environmental and Natural Resource Economics: A Contemporary Approach.

Mariano Torras teaches Economics at Adelphi University in Garden City, New York, and is Chair of the Department of Finance and Economics. A heterodox economist with a background in ecological and development economics, his recent research has been in the areas of institutional economics, climate change, and financialization.

Table of Contents

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 Part IV. Macroeconomic Issues and Applications 15. The Financial Crisis and the Great Recession 16. Deficits and Debt 17. How Economies Grow and Develop 18. Growth and Sustainability in the Twenty-First Century

Editorial Reviews

Macroeconomics in Context is the best text I’ve 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, Syracuse

"MIC is a comprehensive textbook, allowing custom tailoring for any course. Its broad and critical perspective is invaluable in today's 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.

From the Publisher