Cover: Principles of Macroeconomics , 3rd Edition by Betsey Stevenson; Justin Wolfers

Accessibility Information

COMING SOON 15-March-2026

Principles of Macroeconomics

Third Edition

Publication Date: March 15, 2026

Paperback ISBN: 9781319615727

Every Decision is an Economic Decision

Principles of Macroeconomics by Betsey Stevenson, and Justin Wolfers brings a modern policy-relevant perspective to macroeconomics, helping students build intuition they can apply to the real world. Their clear–eyed approach to topics like inflation, unemployment, and monetary

E-book

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

Access Length:

E-book

ISBN: 9781319616007
Principles of Macroeconomics

COMING SOON - 15/03/2026

£44.99

£27.00

Paperback

Read and study in the print textbook.

Paperback

ISBN: 9781319615727
Principles of Macroeconomics

COMING SOON - 15/03/2026

£60.99

Discover What's Inside! Click here to review a sample chapter, Chapter 11: Unemployment, from Stevenson and Wolfer's Principles of Macroeconomics, Third Edition.

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

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.

Achieve for Principles of Macroconomics 3e is an online learning system backed by extensive development and research. Proven to increase student engagement and boost performance, Achieve offers:

Access to the ebook to download, read and virtually annotate for a completely flexible experience.
Course and book-specific resources including adaptive quizzing to personalise the experience for students.
A grade book, assignable assessments with targeted feedback, insights and reporting, instructor resources — all with seamless integration options.
Integrated with iClicker so that instructors and students can benefit in class and remotely from an industry leading student response system.
Interactive graphs allow students to engage with economic models to see how components of the graph change as market dynamics change with dynamic labels, shading, and more. Students can explore live visualisations and improve their data literacy.
The authors’ popular ‘Think Like an Economist’ podcast is integrated into Achieve. Aligned to every chapter, the 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.