Macroeconomics for Life: Smart Choices for All?, 3rd edition

Published by Pearson Canada (12 July 2024) © 2025

  • Avi J. Cohen University of Toronto , York University
  • Scott Wolla Federal Reserve Bank of St. Louis , Assistant Vice President & Economic Education Officer

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Title overview

Addresses the growing market needs and trends toward a literacy targeted approach to teaching economics, supported by an active-learning pedagogy and premium online teaching and learning resources.

Economics for Life offers a new narrative-driven approach to learning and teaching economics that demonstrates the relevance of economics to students. Accessible language and graphs, engaging first-person writing, a less-mathematical approach, and practical examples connect economics to students' lives in a meaningful way. This text helps students become economically literate citizens, unlike traditional texts which prepare them to become economics majors.

Table of contents

  1. What's in Economics for You? Scarcity, Opportunity Cost, Trade, and Models
  2. Making Smart Choices: The Law of Demand
  3. Show Me the Money: The Law of Supply
  4. Coordinating Smart Choices: Demand and Supply
  5. Are Your Smart Choices Smart For All? Macroeconomics and Microeconomics
  6. Up Around the Circular Flow: Measuring GDP and Living Standards
  7. Do Macroeconomics Dreams Come True? Potential GDP, Economic Growth, and Business Cycles
  8. Cost of (Not) Working and Living: Unemployment and Inflation
  9. Skating to Where the Puck Is Going: Aggregate Supply and Aggregate Demand
  10. What's Behind Aggregate Demand? The Aggregate Expenditure Model and Multipliers
  11. Trading Dollars for Dollars? Exchange Rates and Payments with the Rest of the World
  12. Steering Blindly? Money, Monetary Policy, and the Bank of Canada
  13. Spending Others' Money: Fiscal Policy, Deficits, and National Debt
  14. Are Sweatshops All Bad? Globalization and Trade Policy
  15. Hands-Off and/or Hands-On? Controversies in Macroeconomics

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