Principles of Macroeconomics, 13th edition

Published by Pearson (September 15, 2020) © 2020

  • Karl E. Case Wellesley College
  • Ray C. Fair Yale University
  • Sharon E. Oster Yale University
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In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.
$59.94
monthly payments or
pay undefined one-time
Instant access

In this eTextbook — More ways to learn

  • More flexible. Start learning right away, on any device.
  • More supportive. Get AI explanations and practice questions (select titles).
  • More interactive. Bring learning to life with audio, videos, and diagrams.
  • More memorable. Make concepts stick with highlights, search, notes, and flashcards.
  • More understandable. Translate text into 100+ languages with one tap.

Title overview

Reviewers tell us that Case, Fair, and Oster's Principles of Macroeconomics is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough and complete. After reading this text, you'll have a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly.

The 13th Edition features the latest research and new exercises. You'll begin to learn the art and science of economic thinking and start to look at some policy, and even personal decisions, in a different way.

Table of contents

PART 1: INTRODUCTION TO ECONOMICS

  1. The Scope and Method of Economics
  2. The Economic Problem: Scarcity and Choice
  3. Demand, Supply, and Market Equilibrium
  4. Demand and Supply Applications

PART 2: CONCEPTS AND PROBLEMS IN MACROECONOMICS

  1. Introduction to Macroeconomics
  2. Measuring National Output and National Income
  3. Unemployment, Inflation, and Long-Run Growth

PART 3: THE CORE OF MACROECONOMIC THEORY

  1. Aggregate Expenditure and Equilibrium Output
  2. The Government and Fiscal Policy
  3. Money, the Federal Reserve, and the Interest Rate
  4. The Determination of Aggregate Output, the Price Level, and the Interest Rate
  5. Policy Effects and Cost Shocks in the AS/AD Model
  6. The Labor Market in the Macroeconomy

PART 4: FURTHER MACROECONOMICS ISSUES

  1. Financial Crises, Stabilization, and Deficits
  2. Household and Firm Behavior in the Macroeconomy: A Further Look
  3. Long-Run Growth
  4. Alternative Views in Macroeconomics

PART 5: THE WORLD ECONOMY

  1. International Trade, Comparative Advantage, and Protectionism
  2. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
  3. Economic Growth in Developing Economies

PART 6: METHODOLOGY

  1. Critical Thinking about Research

Author bios

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