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Principles of Macroeconomics

Third Edition

Publication Date: February 10, 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

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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

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Betsey Stevenson; Justin Wolfers | Third Edition | ©2026 | ISBN:9781319433451

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