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Macroeconomics in Context

The Preliminary Edition of Macroeconomics in Context is available as a free on-line text for classroom use, through August 2008 (or publication of the First Edition). To start downloading chapters from the text,
first register here.

IMPORTANT UPDATE! The First Edition of Macroeconomics in Context will be available, in print, for less than $50, from M.E. Sharpe beginning in August 2008. For more information, see below.

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 in Context.


"After reviewing 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 to macroeconomics."

Gary Flomenhoft
University of Vermont

"Macroeconomics 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

Frequently Asked Questions about Macroeconomics in Context

How can I get the textbook and supplementary materials?

From now through August 31, 2008 (or publication of the First Edition), the Preliminary Edition is available free and on line. After going directly to the registration page, you can immediately begin downloading the chapter files. If you would like access to the Test Bank (and/or Instructor Notes), please e-mail us at gdae@tufts.edu so that we can verify your instructor status. You can also examine the Table of Contents to find out more about the text. This free version will no longer be available for download after August 31, or when the First Edition becomes available, whichever is later.

Beginning in August 2008, the print First Edition of the textbook will be available from M. E. Sharpe. Electronic versions of a First Edition Instructor Resource Manual and Test Bank will be available to verified instructors from gdae@tufts.edu, and a Student Study Guide and set of PowerPoint slides will be available to the general public from the GDAE website. If for some unanticipated reason the book is not shipping by late August, the Preliminary Edition will remain available until the print book appears. Advance copies of the initial chapters of the First Edition may also be available for instructors wanting to use it in the fall term, by individual arrangement. Please contact us at gdae@tufts.edu for more information.

Who are the authors?

The authors of Macroeconomics in Context are Neva Goodwin, Julie A. Nelson, and Jonathan Harris, with contributions by Brian Roach and James Devine.

How did this book come to be written?

We believe that a new approach to teaching economics is urgently needed. We call this approach "contextual economics" because it presents the economy as embedded in its physical and social contexts. A companion text, Microeconomics in Context, was written first. We then sponsored the "Rethinking Macroeconomics" conference in 2002 - our first step towards the creation of Macroeconomics in Context.

I'm not able to switch to another textbook. How can I incorporate social and environmental issues in my macroeconomics course?

Four chapters of Macroeconomics in Context are also available as self-contained teaching modules, suitable for use in courses based on other texts.

How will the First Edition differ from the Preliminary Edition ?

The First Edition has been thoroughly updated and corrected, and now includes coverage of events such as the United States subprime mortgage crisis 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 maintain 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.

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Global Development And Environment Institute
Tufts University
Medford , MA 02155 USA
tel. 617-627-3530 - fax. 617-627-2409 
email: gdae@tufts.edu

 

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