Principles of Macroeconomics, 12th edition

  • Karl E. Case
  • Ray C. Fair
  • Sharon E. Oster


Reviewers tell us that Case/Fair/Oster is one of the all-time bestselling principles of economics texts because they trust it to be clear, thorough, and complete. Readers of Principles of Macroeconomics, 13th Edition come away with a basic understanding of how market economies function, an appreciation for the things they do well, and a sense of things they do poorly. With the latest research and added exercises, students 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.

Features and benefits


  • The cheapest option for a physical textbook.: This option gives students affordable access to learning materials, so they come to class ready to succeed.
  • 21-day risk free returns: Dropping or switching classes? No worries! We've got you covered with 21-day hassle-free returns


  • Smart: Highlight text, take notes, search for specific content. New features are added continually to help you study smarter.
  • Sustainable: Go green, use online textbooks and reduce paper waste.

Table of contents

Part I: 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 II: Concepts and Problems in Macroeconomics

5. Introduction to Macroeconomics

6. Measuring National Output and National Income

7. Unemployment, Inflation, and Long-Run Growth


Part III: The Core of Macroeconomic Theory

8. Aggregate Expenditure and Equilibrium Output

9. The Government and Fiscal Policy

10. Money, the Federal Reserve, and the Interest Rate

11. The Determination of Aggregate Output, the Price Level, and the Interest Rate

12. Policy Effects and Cost Shocks in the AS/AD Model

13. The Labor Market in the Macroeconomy


Part IV: Further Macroeconomics Issues

14. Financial Crises, Stabilization, and Deficits

15. Household and Firm Behavior in the Macroeconomy: A Further Look

16. Long-Run Growth

17. Alternative Views in Macroeconomics


Part V: The World Economy

18. International Trade, Comparative Advantage, and Protectionism

19. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates

20. Economic Growth in Developing Economies


Part VI: Methodology

21. Critical Thinking about Research

Published by Pearson (January 8th 2016) - Copyright © 2017