Macroeconomics : Big Things Have Small Beginnings

Macroeconomics: Big Things Have Small Beginnings addresses economic issues that students are likely to hear about in the media due to their far-reaching consequences. The text focuses on the interconnectedness of economics, underscoring how large issues can be traced back to small origins, as well as how the welfare of individual economic agents and aggregate social benefits are not mutually exclusive.

The book begins by introducing students to the concept and study of macroeconomics. Additional chapters address the measurement and structure of the national economy and various aspects of national income accounting, including productivity, output, employment, consumption, savings, investment, and government spending. Students read about long-run economic growth, money and prices, the IS/LM/FE and AD/AS models, and open market macroeconomics. Closing chapters examine business cycles, unemployment, and inflation. Each chapter includes a Food for Thought section that poses engaging questions and inspires critical thinking.

Designed to help students recognize economic principles in everyday life, Macroeconomics is an ideal introductory textbook for courses within the discipline.

Giacomo Santangelo, Ph.D. is a senior lecturer of economics at Fordham University and lecturer within the Stillman School of Business at Seton Hall University. He holds a Ph.D. from Fordham University. Dr. Santangelo is an economist with training in quantitative and qualitative research and analysis with more than 20 years of experience teaching at various universities in the greater New York area. His teaching and research specialties include international economic growth, trade, and development.