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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 3: Demand and Supply

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 12: The Keynesian Perspective

Chapter 13: The Neoclassical Perspective

Chapter 15: Monetary Policy and Bank Regulation

Chapter 16: Exchange Rates and International Capital Flow

Chapter 18: The Impacts of Government Borrowing

Appendices and Solutions