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MacroEconomics on OpenStax


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.

Senior Contributing Authors

Steven A. Greenlaw, University of Mary Washington
David Shapiro, Pennsylvania State University

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

Macroeconomics 2e on OpenStax

Chapter 1: Welcome to Economics

Chapter 2: Choice in a World of Scarcity

Chapter 3: Demand and Supply

Chapter 6: The Macroeconomic Perspective

Chapter 8: Unemployment

Chapter 9: Inflation

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 17: Government Budgets and Fiscal Policy

Chapter 18: The Impacts of Government Borrowing

Chapter 19: Macroeconomic Policy Around the World

Chapter 20: International Trade

Chapter 21: Globalization and Protectionism

Appendices and Solutions