A new way to teach macroeconomics based on problem-solving and hands-on learning.
A new way to teach macroeconomics based on problem-solving and hands-on learning.
Offering an important paradigm shift in the way macroeconomics is taught, this innovative textbook invites students to learn by doing. Organized as a series of word problems motivated by specific macroeconomic questions-Can an economy grow indefinitely by accumulating capital? Why is nominal GDP a poor gauge of changes in economic activity? What constrains the firm?-the text equips readers to think like macroeconomists rather than simply receive expository information. This novel approach develops intuition, analytical skills, and background knowledge simultaneously. Interrelated themes, techniques, and results emerge as students work through the problems, resulting in a dynamic but cohesive treatment of macroeconomics in which agents making choices subject to constraints are the central characters.
Classroom-tested, learn-by-doing, problem-solving approach Comprehensively covers the material of a single-semester undergraduate macroeconomics course, including optimizing agents and general equilibrium, rational expectations, and modern monetary policy Versatile structure suits both large lecture formats and smaller classes Robust instructor resources support transition to new pedagogical method
By:
Oskar Zorrilla
Imprint: MIT Press
Country of Publication: United States [Currently unable to ship to USA: see Shipping Info]
Dimensions:
Height: 229mm,
Width: 178mm,
Weight: 369g
ISBN: 9780262552332
ISBN 10: 0262552337
Pages: 336
Publication Date: 12 August 2025
Audience:
General/trade
,
ELT Advanced
Format: Paperback
Publisher's Status: Active
1. The Med 2. Twins 3. Rates and Logs 4. Grade Inflation 5. Standardized Tests 6. The Big Mac Index 7. Exchange Rates and Purchasing Power 8. Bumble 9. The Search for Dates and Jobs 10. Search and Unemployment 11. The Beveridge Curve 12. Choice as Optimization 13. Studying for the Final 14. Beer 15. Dinner 16. Cobb and Douglas are Hiring 17. The Price of Leisure 18. Elasticity 19. When are Market Economies Efficient? 20. The Government Expenditure Multiplier 21. Why Do Americans Work So Much More than Europeans 22. Market Power 23. When Are Market Economies Insufficient? 24. Having Your cake and Eating It, Too 25. Alexander and the National Debt 26. The Value of the Firm 27. The Efficient Market Hypothesis 28. The Current Account 29. Trade Deficits 40. 44 Days 31. The Transversality Condition 32. Misdiagnoses 117 33. The Euler Equation 34. The Capital Markets 35. The Marginal Propensity to Consume 36. The Invisible Hand Across Time 37. Ricardian Equivalence 38. Tax Rebates and Financial Frictions 39. Money, That's What I Want 40. The Printing Press 41. Fisher [and] Price[s] 42. The Price of Money 43. A Simple Model of Inflation 44. A Not-so-Simple Model of Inflation 45. Logs and Expectations 46. The Taylor Principle 47. Fiscal Shocks 48. Currency Pegs 49. The Great Capitol Hill Babysitting Co-op Crisis 50. The Phillips Curve 51. Testing for the Real Effects of Monetary Policy 52. Optimal Monetary Policy 53. Utility and Uncertainty 54. The Risk Premium 55. Uncertainty Shocks 56. The Zero Lower Bound 57. Forward Guidance 58. The Government Expenditure Multiplier Revisited 59. maturity Transformation 60. Diamond and Dybvig Run to the Bank 61. A Contribution to the Theory of Orchards 62. Income per Capita 63. Diminishing Marginal Returns 64. Poverty Traps Exogenous Technological Progress 66. The Solow Residual 67. Convergence 68. Perfect Competition, Constant Returns and Technology 69. Endogenous Technological Change (or, Romer's Idea) Mathematical Appendix Glossary References
Oskar Zorrilla is Assistant Professor of Economics at the United States Naval Academy.
