Essentials of Economics in Context

by Neva Goodwin, Jonathan M. Harris, Pratistha Joshi Rajkarnikar, Brian Roach, Tim B. Thornton

Overview

Essentials of Economics in Context is specifically designed to meet the requirements of a one-semester introductory economics course that provides coverage of both microeconomic and macroeconomic foundations. It addresses current economic challenges, paying specific attention to issues of inequality, globalization, unpaid work, technology, financialization, and the environment, making the text a genuine 21st century introduction to economics.

Aspects of history, institutions, gender, ethics, and ecology are integrated throughout the text, and economic analysis is presented within broader themes of human well-being, and social and environmental sustainability. Theoretical expositions in the text are kept close to reality by integrating numerous real-world examples and by presenting the material in the recognized accessible and engaging style of this experienced author team.

Key features include:

• a brand-new chapter devoted entirely to economic inequality

• up-to-date discussions of the impacts of the COVID-19 pandemic on labor markets, inflation and beyond

• an inclusive approach to economics, where the economy is analyzed within its social and environmental context (including a greater focus on topics outside of the         US)

 • a focus on goals of human well-being, stability, and sustainability, instead of solely focusing on market activities.

This text is the ideal resource for one-semester introductory economics courses globally. The book's companion website is available at: www.bu.ecu/eci/essentials 

Product Details

ISBN-13:	9781000067125
Publisher:	Taylor & Francis
Publication date:	07/19/2020
Sold by:	Barnes & Noble
Format:	eBook
Pages:	634
File size:	11 MB
Note:	This product may take a few minutes to download.

About the Author

Neva Goodwin is Distinguished Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center and Co-Director of the Global Development and Environment Institute (GDAE) at Tufts University.

Jonathan M. Harris is Visiting Scholar at the Global Development and Environment Institute (GDAE) at Tufts University and Senior Research Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center.

Pratistha Joshi Rajkarnikar is Assistant Director of the Economics in Context Initiative at Boston University’s Global Development Policy Center and a lecturer at Boston University and Brandeis University.

Brian Roach is Director of the Theory and Education Program at the Global Development and Environment Institute (GDAE) at Tufts University and Senior Research Fellow at the Economics in Context Initiative at Boston University.

Tim B. Thornton is Senior Research Fellow at the Economics in Context Initiative at the Boston University Global Development Policy Center, USA, and Director of the School of Political Economy, Australia.

Table of Contents

Part I: The Context of Economic Analysis 0. Economic Indicators 1. Economic Activity in Context 2. Foundations of Economic Analysis Part II: Microeconomic Analysis. Consumption, Production and Markets 3. Supply and Demand 4. Understanding Consumption and Decision Making 5. Production 6. Market Structure Part III: Macroeconomic Theory and Policy 7. Macroeconomic Measurement 8. Macroeconomic Foundations. Aggregate Demand and Aggregate Supply 9. Fiscal Policy 10. Money, Banking and Monetary Policy Part IV: Applying Economic Analysis 11. Markets for Labor 12. Economic and Social Inequality 13. Economic and Financial Instability Part V: The Global Economy, Development and Sustainability 14. The Global Economy and Policy 15. How Economies Grow and Develop 16. Growth and Sustainability in the 21st Century

Editorial Reviews

Essentials of Economics in Context allows students to explore the fundamentals of economic theory within the real-world context of important contemporary economic issues. Students appreciate seeing the theory come to life, with applications to crucial topics like the environment, inequality, financialization, and many more pressing issues.”  

—Anastasia Wilson, Assistant Professor, Hobart and William Smith Colleges.

“This is a perfect introductory text in Economics. Not only does it cover the basics that are needed for understanding modern day economics, but it also addresses critical societal issues like the environment and inequality. Including all of this in a concise textbook suitable for a one-semester course is simply brilliant.”

—Bertrand Hamaide, Professor, UCLouvain, Saint-Louis, Bruxelles, Belgium.

"This book represents the cutting edge of theory, coupled with a wealth of carefully selected real world data and case studies. Its slides, test banks and other teaching resources are easy to use. Its grounded and contextualized approach brings the material alive. Highly recommended!" 

—Joris Tieleman, Chief Economist at the Center for Economy Studies.

From the Publisher