Macroeconomics

For two-semester principles of economics courses.

An intuitive and grounded approach to economics 

Get students to think like economists using the latest policy and data while incorporating global issues. Macroeconomics, 13th Edition builds on the foundation of the previous edition and retains a thorough and careful presentation of the principles of economics. The text emphasizes real-world applications, the development of critical-thinking skills, diagrams renowned for their pedagogy and clarity, and path-breaking technology. Recognizing that some students find graphs hard to work with, the author developed the entire art program with the study and review needs of each individual student in mind.

Also available with MyLab Economics

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Note: You are purchasing a standalone product; MyLab Economics does not come packaged with this content. Students, if interested in purchasing this title with MyLab Economics, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

If you would like to purchase both the physical text and MyLab Economics, search for:

0134890272 / 9780134890272 Macroeconomics Plus MyLab Economics with Pearson eText -- Access Card Package, 13/e 

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• 0134744454 / 9780134744452 Macroeconomics
  
• 0134789768 / 9780134789767 MyLab Economics with Pearson eText -- Standalone Access Card -- for Macroeconomics

Michael Parkin is Professor Emeritus in the Department of Economics at the University of Western Ontario, Canada. Professor Parkin has held faculty appointments at Brown University, the University of Manchester, the University of Essex, and Bond University. He is a past president of the Canadian Economics Association and has served on the editorial boards of the American Economic Review and the Journal of Monetary Economics and as managing editor of the Canadian Journal of Economics. 

Professor Parkin’s research on macroeconomics, monetary economics, and international economics has resulted in over 160 publications in journals and edited volumes, including the American Economic Review, the Journal of Political Economy, the Review of Economic Studies, the Journal of Monetary Economics, and the Journal of Money, Credit and Banking. He became most visible to the public with his work on inflation that discredited the use of wage and price controls. Professor Parkin also spearheaded the movement toward European monetary union. Professor Parkin is an experienced and dedicated teacher of introductory economics.

PART I: INTRODUCTION 

1. What is Economics? 

2. The Economic Problem 

3. Demand and Supply 

PART II: MONITORING MACROECONOMIC PERFORMANCE 

4. Monitoring the Value of Production: GDP 

5. Monitoring Jobs and Inflation 

PART III: MACROECONOMIC TRENDS 

6. Economic Growth 

7. Finance, Saving, and Investment 

8. Money, the Price Level, and Inflation

9. The Exchange Rate and the Balance of Payments 

PART IV: MACROECONOMIC FLUCTUATIONS 

10. Aggregate Supply and Aggregate Demand 

11. Expenditure Multipliers 

12. The Business Cycle, Inflation, and Deflation 

PART V: MACROECONOMIC POLICY

13. Fiscal Policy 

14. Monetary Policy

15. International Trade Policy 

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