I'm a student
I'm an educator
Request full copy

Macroeconomics: Canada in the Global Environment, 12th edition

Published by Pearson (February 15, 2024) © 2025

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

eTextbook

C$67.99

  • Easy-to-use search and navigation
  • Add notes and highlights
  • Flashcards help streamline study sessions

MyLab

C$99.99

  • Reach every student with personalized support
  • Customize courses with ease
  • Optimize learning with dynamic study tools

For 1-semester principles of macroeconomics courses.

An intuitive and grounded approach to economics

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.

Hallmark features of this title

  • Learning Interactively - Learning by Doing. At the end of every chapter section, a Review Quiz invites the student to rework the section with questions that cover the key ideas. A parallel set of questions in MyLab Study Plan enable the student to work the questions and get instant targeted feedback. 
  • Learning the vocabulary isn't exciting, but it is the vital first step to every discipline and it needs to be effective and quick. Highlighted key terms simplify this task. 
  • Making Economics Real. The student needs to see economics as a lens that sharpens the focus on real-world issues and events, and not as a series of logical exercises with no real purpose. Economics in the News and At Issue are designed to achieve this goal. Each chapter opens with a photograph and a student-friendly vignette that raises a question to motivate and focus the chapter.

New to this Edition

  • All data, figures, tables, and explanations are thoroughly updated to the latest available.
  • 19 new news-based problems and applications.
  • A revised and expanded account of the jobs for economics majors.
  • A new examination of the diversity, equity, and inclusion challenge presented by the low percentage of women in the economics profession.
  • New application and core concept videos.
  • New Talking With. This edition includes four new interviews with prominent Canadian economists who explain what attracted them to economics, describe some of their work, and off er their advice to today’s students. Two are leading researchers and winners of the prestigious Clark Medal awarded by the American Economic Association to the best economist under the age of forty. They are Dave Donaldson of MIT and Emi Nakamura of UC Berkeley. And two are economists who are making important contributions to public service. They are André Loranger, Assistant Chief Statistician for Economic Statistics at Statistics Canada, and Carolyn Wilkins, formally Senior Deputy Governor of the Bank of Canada and now a research economist at Princeton University and an external member of the Financial Policy Committee at the Bank of England.
  • Economics in the News. 19 new Economics in the News items based on recent events and issues. News stories have been chosen on issues that will likely interest and motivate the student, and that show how an economic principle or model can be used to gain a deeper understanding.

Digital Assets in MyLab Economics

  • Current Event boxes bring currency into your classroom with author-written content that connects key concepts with real-life current events. Annually, the authors add new or revised content or data to ensure your students have relevant examples to help them engage with the course.
  • Interactive figures bring concepts to life, helping students see the concepts through directed explorations and purposeful manipulation. These figures are assignable and encourage active learning, critical thinking, and conceptual understanding. These interactive graphs and figures can be found by learners within the eText and can be assigned by instructors through our MyLab Multimedia Library.
  • Dynamic Study Modules: Using a highly personalized, algorithmically driven process, Dynamic Study Modules continuously assess student performance and provide additional practice in the areas where they struggle the most. Each Dynamic Study Module, accessed by computer, smartphone, or tablet, promotes fast learning and long term retention.
  • Digital Interactives. Economic principles are not static ideas, and learning them shouldn't be either. Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and application of key economic principles. Each Digital Interactive has 3–5 progressive levels and requires approximately 20 minutes to explore, apply, compare, and analyze each topic. Digital Interactives can be assigned and graded within MyLab Economics or used as a lecture tool to encourage engagement, classroom conversation, and group work.
  • Single Player Experiments. Experiments are an easy-to-use, fun, and engaging way to promote active learning and mastery of important economic concepts. Single-player experiments allow students to play against virtual players from anywhere at any time so long as they have an Internet connection. Pre- and post-experiment questions are available for assignment within the MyLab.
  • Economics in the News Updates. The Economics in the News boxes that appear at the end of every chapter of the Pearson eTextbook are special boxes that help to bring currency into your classroom. Annually we add new or revised content and/or data to ensure that your students have relevant examples to help them engage with the course.
  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

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.

Robin Bade earned degrees in mathematics and economics at the University of Queensland and her Ph.D. at the Australian National University. She has held faculty appointments at the University of Edinburgh in Scotland, at Bond University in Australia, and at the Universities of Manitoba, Toronto, and Western Ontario in Canada. Her research on international capital flows appears in the International Economic Review and the Economic Record. 

Professor Parkin and Dr. Bade are the joint authors of Foundations of Economics (Addison Wesley), Modern Macroeconomics (Pearson Education Canada), an intermediate text, and have collaborated on many research and textbook writing projects. They are both experienced and dedicated teachers of introductory economics.

Need help? Get in touch

Pearson+

All in one place. Pearson+ offers instant access to eTextbooks, videos and study tools in one intuitive interface. Students choose how they learn best with enhanced search, audio and flashcards. The Pearson+ app lets them read where life takes them, no wi-fi needed. Students can access Pearson+ through a subscription or their MyLab or Mastering course.

MyLab

Customize your course to teach your way. MyLab® is a flexible platform merging world-class content with dynamic study tools. It takes a personalized approach designed to ignite each student's unique potential. And, with the freedom it affords to adapt your pedagogy, you can reinforce select concepts and guide students to real results.

Video
Play
Privacy and cookies
By watching, you agree Pearson can share your viewership data for marketing and analytics for one year, revocable by deleting your cookies.

Video transcript (PDF | 25KB) 

Empower your students, in class and beyond

Meet students where they are with MyLab®, and capture their attention in every lecture, activity, and assignment using immersive content, customized tools, and interactive learning experiences in your discipline.