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Economics, Macroeconomics, Markets, Supply, Demand, Resource allocation, Classical model, Keynesian model, Fiscal policy, Monetary policy


The textbook begins by looking at basic economic concepts and models, such as scarcity, choice, model-building, opportunity cost, production possibilities curves, comparative advantage, and supply and demand analysis. After a chapter exploring the relationships between markets and government, the text then delves into a rigorous analysis of the theory and practice of macroeconomics. Topics include the measurement of macroeconomic variables, macroeconomic models, and fiscal and monetary policy. The text emphasizes the connections between theory and policy in exploring the field of macroeconomics.


Fourth Edition

This textbook has been used by over 10,000 students in the Principles of Macroeconomics class at Binghamton University.

Data are current up to December 2022.

Publisher Attribution

The first two editions were published by Pearson.

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Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

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Economics Commons



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