Skip to Main Content
  • Instructor Catalog
  • Instructor Community
  • Student Store
  • CACanada Store
Instructor Catalog Instructor Catalog
    • I'M AN INSTRUCTOR

    • I'M A STUDENT
  • help
  • search
  • minicart
    0
    • CACanada Store

Find what you need to succeed.

search icon
  • Our Story

    Our Story

    back
    • Our Mission
    • Our Leadership
    • Learning Science
    • Sustainability
    • Careers
    • Diversity, Equity, and Inclusion
    • Accessibility
  • Discipline

    Discipline

    back
    • Astronomy Biochemistry Biology Chemistry College Success Communication Economics Electrical Engineering English Environmental Science Geography Geology History Mathematics Music & Theater Nutrition and Health Philosophy & Religion Physics Psychology Sociology Statistics Value
  • Digital

    Digital

    back
    • Digital Offerings
    • Achieve
    • LaunchPad
    • E-books
    • iOLab
    • iClicker
    • Inclusive Access
    • Lab Solutions
    • LMS Integration
    • Curriculum Solutions
    • Training and Demos
    • First Day of Class
  • Solutions

    Solutions

    back
    • Administrators
    • Affordable Solutions
    • Badging & Certification
    • iClicker and Your Content
    • Lab Solutions
    • Student Store
    • TradeUp
  • News & Media

    News & Media

    back
    • News & Media
  • Contact Us

    Contact Us

    back
    • Contact Us & FAQs
    • Find Your Rep
    • Training and Demos
    • First Day of Class
    • Booksellers
    • Macmillan International Support
    • International Translation Rights
    • Request Permissions
    • Report Piracy
  1. Home
  2. Economics
  3. Principles of Macroeconomics
  • About
  • Preview
  • Digital
  • Contents
  • Authors
  • Resources
  • Related Titles
Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store
View Demo
Find Your Rep

Principles of Macroeconomics

Second Edition| ©2023 Betsey Stevenson; Justin Wolfers

Stevenson and Wolfers’ Principles of Macroeconomics is the most successful new introductory text in a generation. Betsey and Justin’s focus on useful economics helps  students develop and apply economic intuition to their everyday decisions. They offer a  fresh take on a wide r...

Stevenson and Wolfers’ Principles of Macroeconomics is the most successful new introductory text in a generation. Betsey and Justin’s focus on useful economics helps  students develop and apply economic intuition to their everyday decisions. They offer a  fresh take on a wide range of foundational topics in an engaging presentation that has drawn enthusiastic feedback from hundreds of instructors and thousands of students.

The accompanying Achieve offers an interactive e-textbook plus thousands of assignable and editable problems, LearningCurve adaptive quizzing, easy LMS integration, and the new Graphing Reserve— the first tool in almost 20 years to offer a new approach to graphing in the Principles course.

Read more

NEW Interactive Graphs in Second Edition!

Students - Buy or Rent

  • Format
  • Package
Achieve $109.99

ISBN:9781319432614

Access all your course tools in one place!

Retail:$109.99 Wholesale:$88.00

Subscribe until 08/20/2023


Go to Achieve
E-book from $92.99

ISBN:9781319432089

Take notes, add highlights, and download our mobile-friendly e-books.

Retail:$92.99

Subscribe until 09/16/2023

Retail:$232.99



Loose-Leaf $147.99

ISBN:9781319433352

Save money with our hole-punched, loose-leaf textbook.

Retail:$147.99 Wholesale:$118.00


Loose-Leaf + Achieve $159.99

ISBN:9781319529796

This package includes Achieve and Loose-Leaf.

Retail:$159.99 Wholesale:$128.00
Home Features New to This Edition Reviews
Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Stevenson and Wolfers’ Principles of Macroeconomics is the most successful new introductory text in a generation. Betsey and Justin’s focus on useful economics helps  students develop and apply economic intuition to their everyday decisions. They offer a  fresh take on a wide range of foundational topics in an engaging presentation that has drawn enthusiastic feedback from hundreds of instructors and thousands of students.

The accompanying Achieve offers an interactive e-textbook plus thousands of assignable and editable problems, LearningCurve adaptive quizzing, easy LMS integration, and the new Graphing Reserve— the first tool in almost 20 years to offer a new approach to graphing in the Principles course.

Features

Achieve offers the e-textbook alongside thousands of assignable and editable problem sets. Adaptive quizzing offers a low stakes student friendly way to reinforce concepts and our new Graphing Reserve is the first tool in almost 20 years to offer a new approach to graphing in the Principles course. Achieve offers prebuilt content that can be used 'out of the box' and integrates easily with your LMS system (Bb, D2L, Canvas and more).

An intuitive decision-making framework based on four key principles is referenced throughout the text and guides students to make better choices in all aspects of their lives.

A modern approach to Microeconomics integrates current  economic  insights  into  the  Principles  curriculum, with emphasis on empirical data and behavioral economics, labor and personnel economics, industrial organization, strategic decision making, and information asymmetries.

A cutting-edge presentation of the Macro economy improves and strengthens the innovations from the first edition. It emphasizes how microfoundations underpin macroeconomic theory, offers compelling examples and guidance to help students apply their understanding of the macroeconomy in their professional and personal lives, and provides the most realistic and current presentation of monetary policy. Stevenson and Wolfers offer instructors a choice in teaching short-run macroeconomic fluctuations,: 1) a modern framework including the IS curve to explain spending decisions, MP curve to describe monetary policy, and Phillips curve to explain inflation, OR 2) a traditional AD-AS approach.

 

New to This Edition

NEW “Think Like An Economist” podcast in Achieve uncovers the economic forces that shape the world around us. Created by the Authors and aligned with every text chapter, this fun and engaging podcast introduces students to the big ideas and shows them how to apply economic principles to make better decisions in their own lives. Each episode is paired with assignable assessments to ensure that students listen and understand.

NEW Interactive graphs in the Achieve e-textbook.To help students improve data literacy and understand economic models, Achieve now offers interactive graphs throughout the eBook. Students can manipulate each data graph to simulate market dynamics providing for a more engaging reading and learning experience. Instructors can include interactive graphs in their in-person and online lectures using our new Interactive Graphing Bank, found in Achieve.

NEW Homework assignments in Achieve offer targeted feedback for use in class and as homework. Designed so that students learn by doing the economics, these problems contain multiple question types including our intuitive graphing that assess students’ understanding of economics. Each chapter offers a new set of assignable, multi-step problems that complement online, auto-graded versions of the end-of-chapter problems.

Thoroughly revised with extensive coverage of the Covid19 pandemic, numerous new stories and examples, and revised headings and chapter order to make concepts even clearer.

“I'm very excited about this text and plan to actively promote it to my colleagues. Stevenson/Wolfers has done a wonderful job relating to students. That is what I appreciate most about this text. I really appreciate how the test bank questions draw on real world data. It helps me to convince students that these concepts will matter outside of this class.”
- Karie Dornon, Bridgewater College

“The textbook has been very well thought out–the examples, the charts and figures, the organization. I like how the textbook does not try to do too much– it covers core principles without trying to cover more advanced material that belongs in an intermediate course. The decision point activity is designed to make economic concepts less abstract and more relatable to students.”
- Paul Pieper, University of Illinois at Chicago

“This is a progressive, student-oriented, engaging textbook and online companion. Students will find it intuitive and fun. Examples are explained clearly and in a compelling way. The faculty tools will help you with grading and teaching.”
- Amy Leung, Cosumnes River College

“The Stevenson/Wolfers textbook is as revolutionary as Greg Mankiw's first edition and definitely surpasses Mankiw's current edition. It will convince the students that microeconomics is fun and easy to learn.”
- Debashis Pal, University of Cincinnati

“[Stevenson/Wolfers] provides a more practical on-the-ground view of macro than other textbooks. It's more up-to-date in terms of the economic issues facing the US economy and current thinking about how to approach them. The integration of learning objectives and foundations throughout the text is a good innovation.”
- Susan Laury, Georgia State University

 

Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Macroeconomics

Second Edition| ©2023

Betsey Stevenson; Justin Wolfers

Digital Options

ACHIEVE icon

Achieve

Achieve is a comprehensive set of interconnected teaching and assessment tools that incorporate the most effective elements from Macmillan Learning's market leading solutions in a single, easy-to-use platform.

Schedule Achieve Demo Go to Achieve


EPUB3_EBOOK icon

E-book

Read online (or offline) with all the highlighting and notetaking tools you need to be successful in this course.

Learn About E-book

Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Macroeconomics

Second Edition| 2023

Betsey Stevenson; Justin Wolfers

Table of Contents

Preface
A Quick Review of Graphs

Part I Foundations of Economics
Chapter 1 The Four Core Principles of Economics
Chapter 2 Demand and Consumer Choice
Chapter 3 Supply and Producer Choice
Chapter 4 Equilibrium: Where Supply Meets Demand

Part II Analyzing Markets
Chapter 5 Welfare Economics: Evaluating Market Efficiency and Market Failure
Chapter 6 Comparative Advantage and Gains From Trade
Chapter 7 International Trade
Chapter 8 Inequality, Poverty, and Social Insurance

Part III Macroeconomic Foundations and the Long Run
Chapter 9 Sizing Up the Economy Using GDP
Chapter 10 Economic Growth
Chapter 11 Unemployment
Chapter 12 Inflation and Money

Part IV Micro Foundations of Macroeconomics
Chapter 13 Consumption and Saving
Chapter 14 Investment
Chapter 15 The Financial Sector: Banks, Bonds, and Stocks
Chapter 16 International Finance and the Exchange Rate

Part V The Business Cycle
Chapter 17 Tracking the Business Cycle
Chapter 18 Linking Interest Rates and Output Using IS-MP Analysis
Chapter 19 The Phillips Curve and Inflation
Chapter 20 The Fed Model: Putting it All Together
Chapter 21 Aggregate Demand and Aggregate Supply

Part VI Macroeconomic Policy
Chapter 22 Monetary Policy
Chapter 23 Government Spending, Taxes, and Fiscal Policy
Appendix: A Closer Look at Aggregate Expenditure and the Multiplier

Glossary
Index

Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Macroeconomics

Second Edition| 2023

Betsey Stevenson; Justin Wolfers

View Demo
Find Your Rep

Authors

Betsey Stevenson

Betsey Stevenson is a professor of economics and public policy at the University of Michigan. Her research focuses on the impact of public policies on the labor market, and explores women’s labor market experiences, the economic forces shaping the modern family, and the role of subjective well-being data for public policy. She serves on the Executive Committee of the American Economic Association, and is also a research associate with the National Bureau of Economic Research, a fellow of the Institute for Economic Research in Munich, a visiting associate professor of economics at the University of Sydney, and a research Fellow with the Centre for Economic Policy Research in London. She served as a member of the Council of Economic Advisers from 2013 to 2015, where she advised President Obama on social policy, labor market, and trade issues. She also served as the chief economist of the U.S. Department of Labor from 2010 to 2011. Betsey is an occasional editorialist for Bloomberg, and a trusted presence in the public debate about economics and public policy. She earned a BA in economics and mathematics from Wellesley College and an AM and PhD in economics from Harvard University.


Justin Wolfers

Justin Wolfers is a professor of economics and public policy at the University of Michigan. He does research in both macroeconomics and applied microeconomics topics, and has explored unemployment and inflation, the power of prediction markets, the economic forces shaping the modern family, discrimination, and happiness. He is a research associate with the National Bureau for Economic Research, a fellow of the Brookings Institution, a fellow of the Peterson Institute for International Economics, a research fellow with the Centre for Economic Policy Research in London, a fellow of the Institute for Economic Research in Munich, a visiting professor of economics at the University of Sydney, and an international research fellow at the Kiel Institute for the World Economy in Germany. He has been an editor of the Brookings Papers on Economic Activity, a board member on the Committee on the Status of Women in Economics, a member of the Panel of Advisors of the U.S. Congressional Budget Office, among many other board and advisory positions. He is currently a contributing columnist for the New York Times , and has written about economic issues in numerous other outlets. He is frequently quoted in the media on economic policy and relied upon to provide unbiased assessments of the current state of the macroeconomy. Justin earned a BA in economics from the University of Sydney and an AM and PhD in economics from Harvard University.

Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Macroeconomics

Second Edition| 2023

Betsey Stevenson; Justin Wolfers

View Demo
Find Your Rep

Instructor Resources

Need instructor resources for your course?

Unlock Your Resources

Instructor Resources

Access Test Bank

You need to sign in as a verified instructor to access the Test Bank.

request locked icon

Test Bank for Principles of Macroeconomics

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319433451

Learn more about our Test Banks or Sign up for training.

Go To Test Bank

Download Resources

You need to sign in to unlock your resources.

request locked icon

Clicker Slides


request locked icon

Image Slides for Principles of Macroeconomics (Online Only; Accessible)

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319433758

request locked icon

Instructor's Resource Manual for Principles of Macroeconomics (Online Only)

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319433369

request locked icon

Lecture Slides for Principles of Macroeconomics (Online Only; Accessible)

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319433437

request locked icon

Lecture Slides for Principles of Microeconomics (Online Only; Accessible)

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319434199
request locked icon

Solutions Manual for Principles of Macroeconomics (Online Only)

Betsey Stevenson; Justin Wolfers | Second Edition | ©2023 | ISBN:9781319433406

Confirm Request
We're sorry! The server encountered an internal error and cannot complete your request. Please try again later.

You've selected:

Click the E-mail Download Link button and we'll send you an e-mail at with links to download your instructor resources. Please note there may be a delay in delivering your e-mail depending on the size of the files.

Warning! These materials are owned by Macmillan Learning or its licensors and are protected by copyright laws in the United States and other jurisdictions. Such materials may include a digital watermark that is linked to your name and email address in your Macmillan Learning account to identify the source of any materials used in an unauthorised way and prevent online piracy. These materials are being provided solely for instructional use by instructors who have adopted Macmillan Learning’s accompanying textbooks or online products for use by students in their courses. These materials may not be copied, distributed, sold, shared, posted online, or used, in print or electronic format, except in the limited circumstances set forth in the Macmillan Learning Terms of Use and any other reproduction or distribution is illegal. These materials may not be made publicly available under any circumstances. All other rights reserved. For more information about the use of your personal data including for the purposes of anti-piracy enforcement, please refer to Macmillan Learning's.Privacy Notice

Request Status

Thank you!

Your download request has been received and your download link will be sent to .

Please note you could wait up to 30 to 60 minutes to receive your download e-mail depending on the number and size of the files. We appreciate your patience while we process your request.

Check your inbox, trash, and spam folders for an e-mail from InstructorResources@macmillan.com.

If you do not receive your e-mail, please visit macmillanlearning.com/support.

We're sorry! The server encountered an internal error and cannot complete your request. Please try again later.
Principles of Macroeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Macroeconomics

Second Edition| 2023

Betsey Stevenson; Justin Wolfers

Related Titles


Principles of Microeconomics by Betsey Stevenson; Justin Wolfers - Second Edition, 2023 from Macmillan Student Store

Principles of Microeconomics

Betsey Stevenson; Justin Wolfers | Second Edition | 2023 | ISBN:9781319330163

Learn More

Available Demos

Select a demo to view:

NEW Interactive Graphs in Second Edition!
Achieve icon Sample Achieve

We are happy to offer free Achieve access in addition to the
physical sample you have selected. Sample this version now as
opposed to waiting for the physical edition.

We are happy to offer free Achieve access in
addition to the physical sample you have
selected. Sample this version now as opposed to
waiting for the physical edition.

Learn more about Achieve
  • Privacy Notice
  • //
  • Ads & Cookies
  • //
  • Terms of Use
  • //
  • Piracy
  • //
  • Accessibility
  • //
  • Code of Conduct
  • //
  • Site Map
  • //
  • Customer Support
  • Macmillan Learning Facebook icon
  • Macmillan Learning Twitter icon
  • Macmillan Learning Youtube icon
  • Macmillan Learning Linkedin icon
  • Macmillan Learning Instagram icon
We are processing your request. Please wait...