Essentials of Economics in Context

Essentials of Economics in Context is specifically designed to meet the requirements of a one-semester introductory economics course that provides coverage of both microeconomic and macroeconomic foundations. It addresses current economic challenges, paying specific attention to issues of inequality, globalization, unpaid work, technology, financialization, and the environment, making the text a genuinely twenty-first century introduction to economics.

Aspects of history, institutions, gender, ethics, and ecology are integrated throughout the text, and economic analysis is presented within broader themes of human well-being, and social and environmental sustainability. Theoretical expositions in the text are kept close to reality by integrating numerous real-world examples and by presenting the material in the recognized accessible and engaging style of this experienced author team.

Key features of Essentials of Economics in Context include:

? an inclusive approach to economics, where the economy is analyzed within its social and environmental context

? an innovative chapter examining data on various economic indicators

? focus on goals of human well-being, stability, and sustainability, and inclusion of core and public

purpose spheres, instead of solely focusing on market activities

• a wealth of online materials such as slides, test banks, and answers to exercises in the book

This text is the ideal resource for one-semester introductory economics courses globally.

The book's companion website is available at: http://www.bu.edu/eci/education-materials/textbooks/essentials-of-economics-in-context/

Part I: The Context of Economic Analysis
0. Economic Indicators
1. Economic Activity in Context
2. Foundations of Economic Analysis
Part II: Microeconomic Analysis. Consumption, Production and Markets
3. Supply and Demand
4. Understanding Consumption and Decision Making
5. Production
6. Market Structure
Part III: Macroeconomic Theory and Policy
7. Macroeconomic Measurement
8. Macroeconomic Foundations. Aggregate Demand and Aggregate Supply
9. Fiscal Policy
10. Money, Banking and Monetary Policy
Part IV: Applying Economic Analysis
11. Markets for Labor
12. Economic and Social Inequality
13. Economic and Financial Instability
Part V: The Global Economy, Development and Sustainability
14. The Global Economy and Policy
15. How Economies Grow and Develop
16. Growth and Sustainability in the 21st Century

Neva Goodwin is Distinguished Fellow at the Economics in Context Initiative at the Global Development Policy Center at Boston University, USA.

Jonathan M. Harris is Senior Research Associate at the Global Development and Environment Institute at Tufts University, USA.

Pratistha Joshi Rajkarnikar is Associate Director at the Economics in Context Initiative at the Global Development Policy Center at Boston University, USA.

Brian Roach is Director of the Theory and Education Program at the Tufts University Global Development and Environment Institute, and a lecturer at Tufts and Brandeis Universities, USA.

Tim B. Thornton is Senior Research Fellow at the Economics in Context Initiative at the Boston University Global Development Policy Center, USA, and Director of the School of Political Economy, Australia.