Macroeconomics: Canada in the Global Environment, 11th edition

Published by Pearson Canada (February 1, 2021) © 2022

  • Michael Parkin Emeritus of University of Western Ontario
  • Robin Bade University of Western Ontario

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ISBN-13: 9780136691310
Macroeconomics: Canada in the Global Environment
Published 2021

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Title overview

This ISBN is for the Pearson eText and may not include any media, website access codes, or print supplement.

As the world shifts to a greater reliance on digital media, it is appropriate that this text evolves as well. This eleventh edition is the first fully digital version of Economics: Canada in the Global Environment. Instructors and students will find that, although the medium has changed, the content is fully consistent with prior editions.

The economic way of thinking is a foundational skill for citizenship and career. Every feature of Parkin/Bade helps the student develop this skill, repeatedly using its central ideas of tradeoff; opportunity cost; the margin; incentives; the gains from voluntary exchange; the forces of demand, supply, and equilibrium; the pursuit of economic rent; and the tension between self-interest and the social interest.

Parkin/Bade is thoroughly updated, intuitive rather than technical, grounded in data and empirical evidence, extensively illustrated with well-chosen examples and photographs, enlivened with applications that focus on issues at play in today's world, focused on learning-by-doing, and seamlessly integrated with MyLab Economics.

Table of contents

1 What Is Economics?
2 The Economic Problem
3 Demand and Supply
4 Measuring GDP and Economic Growth
5 Monitoring Jobs and Inflation
6 Economic Growth
7 Finance, Saving, and Investment
8 Money, the Price Level, and Inflation
9 The Exchange Rate and the Balance of Payments
10 Aggregate Supply and Aggregate Demand
11 Expenditure Multipliers
12 The Business Cycle, Inflation, and Deflation
13 Fiscal Policy
14 Monetary Policy
15 International Trade Policy

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