Essentials of Economics in Context

Neva Goodwin is Distinguished Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center, USA and Co-Director of the Global Development and Environment Institute (GDAE) at Tufts University, USA.Jonathan M. Harris is Visiting Scholar at the Global Development and Environment Institute (GDAE) at Tufts University, USA and Senior Research Fellow at the Economics in Context Initiative at Boston University’s Global Development Policy Center, USA.Pratistha Joshi Rajkarnikar is Assistant Director of the Economics in Context Initiative at Boston University’s Global Development Policy Center, USA and a lecturer at Boston University, USA and Brandeis University, USA.Brian Roach is Director of the Theory and Education Program at the Global Development and Environment Institute (GDAE) at Tufts University, USA and Senior Research Fellow at the Economics in Context Initiative at Boston University, USA.Tim B. Thornton is Senior Research Fellow at the Economics in Context Initiative at Boston University's Global Development Policy Center, USA and Director of the School of Political Economy, Australia.

“Essentials of Economics in Context allows students to explore the fundamentals of economic theory within the real-world context of important contemporary economic issues. Students appreciate seeing the theory come to life, with applications to crucial topics like the environment, inequality, financialization, and many more pressing issues.” Anastasia Wilson, Assistant Professor, Hobart and William Smith Colleges, United States“This is a perfect introductory text to economics. Not only does it cover the basics that are needed for understanding modern-day economics, but it also addresses critical societal issues like the environment and inequality. Including all of this in a concise textbook suitable for a one-semester course is simply brilliant.”Bertrand Hamaide, Professor, UCLouvain, Saint-Louis, Bruxelles, Belgium“This book represents the cutting edge of theory, coupled with a wealth of carefully selected real-world data and case studies. Its slides, test banks, and other teaching resources are easy to use. Its grounded and contextualized approach brings the material alive. Highly recommended!” Joris Tieleman, Chief Economist at the Center for Economy Studies, the Netherlands

• About the Authors. Preface. Acknowledgments. Sample Course Outlines. Part I: The Context for Economic Analysis 0. Economics and Well-Being 1. Economic Activity in Context 2. Foundations of Economic Analysis Part II: Microeconomic Analysis: Consumption, Production, and Markets 3. Supply and Demand 4. Consumption and Decision-Making 5. Production 6. Market Structure 7. Markets for Labor Part III: Macroeconomic Theory and Policy 8. Macroeconomic Measurement 9. Economic Fluctuations and Macroeconomic Theory 10. Fiscal Policy 11. Money and Monetary Policy 12. Aggregate Supply, Aggregate Demand, and Inflation: Putting it All Together Part IV: The Global Economy, Development, and Sustainability 13. The Global Economy and Policy 14. Economic Inequality 15. How Economies Grow and Develop 16. Economics of the Environment. Glossary. Index.