Macroeconomics in Context
by Neva Goodwin, Jonathan Harris, Julie Nelson, Brian Roach, & Mariano Torras
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Education in macroeconomics should include
critical issues such as macroeconomic stabilization,
distributional equity, the quality of employment, environmental
considerations, and the adequacy of living standards.
Macroeconomics in Context, while including
coverage of standard concepts and models, focuses on
these crucial aspects of human well-being. Emphasizing
writing that is compelling, clear, and attractive to
students, it also includes serious investigation of
the environmental impacts of economic growth and the
role of unpaid work in economic life. It is the companion
textbook to Microeconomics
Praise for Macroeconomics in Context
14 macroeconomics textbooks, looking for
an alternative to obsolete ideas of infinite
GDP growth with little consideration of
environment or social costs, I selected Macroeconomics in Context for
my course this year. This was the only
book I found which covers mainstream theory,
while putting it into a social and environmental
context; a much needed updated approach
- Gary Flomenhoft,
University of Vermont
“Macroeconomics in Context excels at presenting macroeconomic theory in a way that students can understand. As a bonus, it exposes students to issues--such as the environmental costs of production and the wider determinants of well-being--that soon will be at the center of economic policy-making.”
- Eric Nilsson, California State University, San Bernardino
“I like this text very much. I like that environmental concerns are part of the discussion. I also like the no-frills presentation and the low price.”
- Tom White, Assumption College
in Context is the best text I've
seen for undergraduate teaching. By paying
attention to the challenges we face today,
such as environmental degradation and
social issues, students readily see why
and how economics is important to learn."
- Valerie Luzadis,SUNY-ESF, Syracuse
Asked Questions about Macroeconomics in Context
can I get the textbook and supplementary materials?
Instructors may request a free exam copy directly from M. E. Sharpe or request access to a free online exam copy. Instructor-specific supplementary materials, available only to verified instructors, include an Instructor's Resource Manual and a comprehensive Test Bank. To obtain access to the instructor materials, please e-mail us at firstname.lastname@example.org. Please indicate where and what course you teach.
Table of Contents, as well as Sample Course Outlines that suggest how a course could be tailored to emphasize various concerns (such as neoclassical concepts, ecological issues, behavioral economics, and more).
Supplementary materials for students, including a Student Study Guide and PowerPoint slides containing the figures and tables printed in the textbook, are available for the Second Edition and First Edition.
are the authors?
The authors of Macroeconomics in Context, Second Edition
Goodwin, Jonathan Harris, Julie
A. Nelson, Brian Roach, and Mariano Torras, with contributions by James Devine.
did this book come to be written?
We believe that a new approach to teaching
economics is urgently needed. We call this approach
economics" because it presents the economy as embedded in its physical and social contexts. A companion
in Context, was written first. We then sponsored
Macroeconomics" conference in 2002 - our first step
towards the creation of Macroeconomics in Context.
not able to switch to another textbook. How can I incorporate
social and environmental issues in my macroeconomics
Three chapters of the first edition of Macroeconomics in
Context are also available as self-contained teaching
modules, suitable for use in courses based on other
How does the Second Edition differ from the First Edition?
The Second Edition has been thoroughly updated and corrected, and includes coverage of events such as the United States subprime mortgage crisis, the debt and deficits debate, and recent Federal Reserve actions. A summary of changes is available.
I teach in a low-income country and my students cannot afford to buy a printed textbook. What should I do?
We regret that we cannot offer on-line access while also publishing the new edition in print. We will continue to seek out opportunities for licensing the book for low-cost publication in other regions. Please let us know if a publisher in your country may be interested in such an agreement. M.E. Sharpe will also distribute the book in many countries through sales agreements it has with other publishers. See their list of sales representatives to find out if there is a distributor for your country or region.