Colander: Macroeconomics, 12e is specifically designed to help todays students succeed in the principles of economics course and grasp economics concepts they can apply in their daily lives. David Colanders trademark colloquial approach focuses on modern economics, institutions, history, and modeling. He presents and applies economic models, but also encourages students to think about model nuances, building their critical thinking skills and applying models to the real world.
Content in this text is organized around learning objectives to make it easier for students to understand the material and for instructors to build assignments within Connect. Through Connect and SmartBook, students will find engaging activities, helpful tutorial videos, and learning resources at that moment of need.
PART I: INTRODUCTION: THINKING LIKE AN ECONOMIST
Chapter 1: Economics and Economic Reasoning
Chapter 2: The Production Possibility Model, Trade, and Globalization
Appendix: Graphish: The Language of Graphs
Chapter 3: Economic Institutions Appendix: The History of Economic Systems
Chapter 4: Supply and Demand
Chapter 5: Using Supply and Demand
Appendix: Algebraic Representation of Supply, Demand, and
Equilibrium
PART II: MACROECONOMICS
MACROECONOMIC BASICS
Chapter 6: Economic Growth, Business Cycles, and Unemployment
Chapter 7: Measuring and Describing the Aggregate Economy
POLICY MODELS
Chapter 8: The Keynesian Short-Run Policy Model: Demand-Side Policies
Chapter 8W: The Multiplier Model
Chapter 9: The Classical Long-Run Policy Model: Growth and Supply-Side
Policies
FINANCE, MONEY, AND THE ECONOMY
Chapter 10: The Financial Sector and the Economy
Appendix: A Closer Look at Financial Assets and
Liabilities
Chapter 11: Conventional Monetary Policy
Chapter 12: Financial Crises, Regulation, and the Crypto Challenge
TAXES, BUDGETS, AND FISCAL POLICY
Chapter 13: Deficits and Debt: The Austerity Debate
Chapter 14: The Fiscal Policy Dilemma
MACROECONOMIC PROBLEMS
Chapter 15: Jobs and Unemployment
Chapter 16: Inflation, Deflation, and Macro Policy
INTERNATIONAL ECONOMIC POLICY ISSUES
Chapter 17: Comparative Advantage, Exchange Rates, and Globalization
Chapter 18: International Trade Policy
INTERNATIONAL MACROECONOMIC POLICY ISSUES
Chapter 19: International Financial Policy
Appendix: History of Exchange Rate Systems
Chapter 20: Macro Policy in a Global Setting
Chapter 21: Structural Stagnation, Globalization and the Post-COVID Blues
Chapter 22: Macro Policy in Developing Countries
David Colander was a distinguished College Professor at Middlebury College. He has authored, coauthored, or edited over 40 books and over 150 articles on a wide range of economic topics.He earned his B.A. at Columbia College and his M.Phil. and Ph.D. at Columbia University. He studied at the University of Birmingham in England and at Wilhelmsburg Gymnasium in Germany. Professor Colander has taught at Columbia University, Vassar College, the University of Miami, and Princeton University as the Kelley Professor of Distinguished Teaching. He was also a consultant to Time-Life Films, a consultant to Congress, a Brookings Policy Fellow, and Visiting Scholar at Nuffield College, Oxford.He has been president of both the History of Economic Thought Society and the Eastern Economics Association. He has also served on the editorial boards of theJournal of Economic Perspectives, The Journal of Economic Education, The Journal of Economic Methodology, The Journal of the History of Economic Thought, The Journal of Socio-Economics, and The Eastern Economic Journal.He was chair of the AEA Committee on Electronic Publishing, a member of the AEA Committee on Economic Education, and was associate editor for content of the Journal of Economic Education.He was married to a pediatrician, Patrice. In their spare time, the Colanders designed and built an oak post-and-beam house on a ridge overlooking the Green Mountains to the east and the Adirondacks to the west. The house is located on the site of a former drive-in movie theater. They lived in both Florida and Vermont until Colander passed away in December of 2023.
