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Principles of Macroeconomics 2e

(5 reviews)

Multiple Authors

Pub Date: 2017

ISBN 13: 9781947172388

Publisher: OpenStax

Language: English

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Reviewed by Joseph Schoen, Instructor, MnSCU on 9/26/18

The textbook covers the major content areas expected to be covered in a Principle of Macroeconomics course and more. The index and the glossary are satisfactory and are just as good as those found in other textbooks. read more


Reviewed by Elizabeth Porter, Lecturer, UNC Asheville on 2/1/18

The text covers as many (if not more) topics and concepts than the majority of principles texts currently available. read more


Reviewed by Shirin Sabetghadam, Professional Lecturer, The American University on 2/1/18

The textbook is very comprehensive and covers most of the topics in an introductory macroeconomics courses. The index is attached to each chapter and the book is very well organized. read more


Reviewed by Sarah Jenyk, Insructor, Youngstown State University on 4/11/17

The text is thorough and covers areas expected from a Principles of Macroeconomics textbook. read more


Reviewed by Ling Shao, Lecturer, Miami University on 8/21/16

I find this book to be very thorough in the subject matter. Compared to a few textbooks that I am familiar with (e.g., the ones by Mankiw, by Krugman/Wells, and by Frank/Bernanke), it includes substantial coverage on international economics as... read more


Table of Contents

Chapter 1: Welcome to Economics!

Chapter 2: Choice in a World of Scarcity

Chapter 3: Demand and Supply

Chapter 4: Labor and Financial Markets

Chapter 5: Elasticity

Chapter 6: The Macroeconomic Perspective

Chapter 7: Economic Growth

Chapter 8: Unemployment

Chapter 9: Inflation

Chapter 10: The International Trade and Capital Flows

Chapter 11: The Aggregate Demand/Aggregate Supply Model

Chapter 12: The Keynesian Perspective

Chapter 13: The Neoclassical Perspective

Chapter 14: Money and Banking

Chapter 15: Monetary Policy and Bank Regulation

Chapter 16: Exchange Rates and International Capital Flows

Chapter 17: Government Budgets and Fiscal Policy

Chapter 18: The Macroeconomic Impacts of Government Borrowing

Chapter 19: Macroeconomic Policy Around the World

Chapter 20: International Trade

Chapter 21: Globalization and Protectionism

About the Book

Principles of Macroeconomics 2e covers the scope and sequence of most introductory economics courses. The text includes many current examples, which are handled in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition has been thoroughly revised to increase clarity, update data and current event impacts, and incorporate the feedback from many reviewers and adopters.

Changes made in Principles of Macroeconomics 2e are described in the preface and the transition guide to help instructors transition to the second edition. The first edition of Principles of Macroeconomics by OpenStax is available in web view here.

About the Contributors


Senior Contributing Authors

Steven A. Greenlaw, University of Mary Washington
David Shapiro, Pennsylvania State University
Timothy Taylor, Macalester College

Contributing Authors

Eric Dodge, Hanover College
Cynthia Gamez, University of Texas at El Paso
Andres Jauregui, Columbus State University
Diane Keenan, Cerritos College
Dan MacDonald, California State University, San Bernadino
Amyaz Moledina, The College of Wooster
Craig Richardson, Winston-Salem State University
Ralph Sonenshine, American University