Essentials of Economics in Context

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

About the Authors. Preface. Acknowledgments. Sample Course Outlines. PART ONE: The Context for Economic Analysis 0. Economics and Well-Being Time Trend Graphs 1. Economic Activity in Context 2. Foundations of Economic Analysis PART TWO: 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 THREE: 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 FOUR: 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.