Macroeconomics in Context

The 4th edition of the textbook Macroeconomics: Principles and Policy emphasizes inequality, ownership structures, financialization, the changing nature of work, and global and economy-wide change and uncertainty. It includes discussion on the impacts of COVID-19 and introduces students to different schools of thought in economics. It has a logical building-block structure and a companion website with study guide, PPT slides, and teaching materials.

Format: Hardback
Length: 746 pages
Publication date: 30 December 2022
Publisher: Taylor & Francis Ltd

The 4th edition of this textbook is an extensively revised and updated version that places a strong emphasis on inequality, ownership structures, financialization, the changing nature of work, and global as well as economy-wide change and uncertainty. Numerous chapters delve into the impacts of COVID-19 on economic well-being and other macroeconomic outcomes such as health and labor markets. General updates, including new data, new exercises, and discussion questions, have been incorporated to enhance the learning experience.

In terms of structure, the 4th edition has undergone significant changes. The first three chapters of the 3rd edition have been condensed into two chapters, streamlining the content and providing a more concise overview. This edition also differs from other principles books on the market in its pluralist approach. It covers a wide range of topics essential for students to understand, while also placing issues in their historical, institutional, social, political, and ethical context.

The textbook introduces students to various schools of thought in economics, including neoclassical economics, Keynesian economics, ecological economics, institutional economics, and feminist economics. This pluralistic approach allows students to gain a comprehensive understanding of the field and to appreciate the different perspectives and methodologies employed by different economic schools.

The textbook adopts a logical building-block structure, which provides students with a clear sequential approach to macroeconomic models. Each chapter builds upon the previous one, gradually introducing more complex concepts and theories. This structure helps students to grasp the fundamentals of macroeconomics and to apply them to real-world situations.

To support student learning, a companion website is available with a student study guide, PPT slides, and teaching materials (including a test bank). These resources provide additional insights, examples, and exercises to reinforce the concepts covered in the textbook.

In conclusion, the 4th edition of this textbook is an excellent resource for students studying macroeconomics. Its comprehensive coverage, pluralist approach, logical structure, and companion website make it an invaluable tool for understanding the complex dynamics of the global economy and for preparing for future careers in economics and related fields.

Weight: 1778g
Dimension: 186 x 260 x 43 (mm)
ISBN-13: 9781032170398
Edition number: 4 ed