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The study of economics should not be highly abstract, but closely related to real-world events. Principles of Economics in Context addresses this challenge, laying out the principles of micro- and macroeconomics in a manner that is thorough, up to date and relevant to students, keeping theoretical exposition close to experience. Emphasizing writing that is compelling, clear, and attractive to students, it addresses such critical concerns as ecological sustainability, distributional equity, the quality of employment, and the adequacy of living standards. Key features include:- Clear explanation of basic concepts and analytical tools, with Discussion Questions at the end of each section, encouraging immediate review of what has been read and relating the material to the students’ own experience;- Full complement of instructor and student support materials online, including test banks and grading through Canvas.- A glossary at the end of the book containing all key terms, their definitions, and the number of the chapter(s) in which each was first used and defined. Updates for the second edition include:- New material on wage discrimination by race and gender; a new section on labor force participation rates; an expanded section on “Labor Markets and Immigration”;- Updated discussion of fiscal policy to include more recent developments such as the Trump tax cuts;- New material on climate change policy; a new section on “The Economics of Renewable Energy”. This new, affordable edition is ideal for undergraduate economics courses. It combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro and macro analysis and application, with many up-to-date examples and extensive supporting web resources for instructors and students.


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