Macroeconomics for Life: Smart Choices for All, First US Edition, 1st edition

Published by Pearson (1 August 2026) © 2027

  • 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

Macroeconomics for Life presents concepts and strategies for making smart economic choices as a consumer, businessperson and citizen. Rather than simply training economists, it takes a literacy-targeted (LT) approach to help you “think economically.” By prioritizing practical scenarios over theory and formulas, Cohen and Wolla aim to help guide your career and life choices.

The text provides a framework for understanding macroeconomics while navigating widely debated topics, such as the extent to which the government should intervene in the macro economy. Coauthor Scott Wolla of the St. Louis Federal Reserve Bank has expertly incorporated the current regime of the Federal Reserve into the text’s coverage of monetary policy.

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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