Macroeconomic Principles and Problems: A Pluralist Introduction offers a comprehensive overview of the major topics in modern macroeconomics, from mainstream and heterodox perspectives.
This textbook examines the key macroeconomic problems and policy debates facing contemporary society, including economic crises, sustainability, fiscal and monetary policy, government debt, state-led vs. market-led approaches for growth, and unregulated trade vs. protectionism.
Written in an engaging style and focused on real-world examples, this textbook brings macroeconomics to life. Multiple examples of how each economic model works, coupled with critical analysis of the assumptions behind them, enable students to develop a sophisticated understanding of the material. Digital supplements are also available for students and instructors.
Macroeconomic Principles and Problems offers the most contemporary and complete package for any pluralist macroeconomics principles class.
PART I: Economics: A Pluralistic Definition Chapter 1. What is Economics? Chapter 2. Scarcity, Opportunity Cost and Choice PART II: The Evolution of Economic Systems and Economic Thought Chapter 3. The Evolution of Economic Systems and the ideas of Adam Smith Chapter 4. Marx, Veblen and the Dark Ages of Capitalism Chapter 5. Keynes and Mixed Market Capitalism Chapter 6. Modern Economic Systems Chapter 7. Markets and how they work Part III Macroeconomic Issues and Problems Chapter 8. Modern Macroeconomics Chapter 9. Macroeconomic wellbeing Chapter 10. Unemployment and Price Instability Part IV Macroeconomic Models Chapter 11. Aggregate Demand & Aggregate Supply Chapter 12. The Keynesian Aggregate Expenditure‐Income Model Part V: Stabilization policy Chapter 13. Fiscal Policy, Debt and Deficits Chapter 14. Money, Banking and the Financial Sector Chapter 15. Monetary Policy Chapter 16. Crises, Financial and Otherwise Part VI. Growth, Global Interconnectedness & Development Chapter 17. The Sources of Economic Growth Chapter 18. International Trade and Integration Chapter 19. International Finance and Open Economy Macroeconomics Chapter 20. Economic Development Glossary of Key Terms and Concepts Index
Geoffrey Schneider is Presidential Professor of Economics at Bucknell University, Pennsylvania, U.S.A. He is an award-winning teacher, author or co-author of seven books and numerous scholarly articles, and executive director of the International Confederation of Associations for Pluralism in Economics.
