Macroeconomics: Canada in the Global Environment, 12th edition

Published by Pearson Canada (July 2, 2024) © 2025

  • Michael Parkin Emeritus of University of Western Ontario
  • Robin Bade University of Western Ontario
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The economic way of thinking is a foundational skill for citizenship and career. Every feature of Parkin/Bade helps the student develop this skill, repeatedly using its central ideas of tradeoff; opportunity cost; the margin; incentives; the gains from voluntary exchange; the forces of demand, supply, and equilibrium; the pursuit of economic rent; and the tension between self-interest and the social interest.

Parkin/Bade is thoroughly updated, intuitive rather than technical, grounded in data and empirical evidence, extensively illustrated with well-chosen examples and photographs, enlivened with applications that focus on issues at play in today's world, focused on learning-by-doing, and seamlessly integrated with MyLab Economics.

  1. What Is Economics?
  2. The Economic Problem
  3. Demand and Supply
  4. Measuring GDP and Economic Growth
  5. Monitoring Jobs and Inflation
  6. Economic Growth
  7. Finance, Saving, and Investment
  8. Money, the Price Level, and Inflation
  9. The Exchange Rate and the Balance of Payments
  10. Aggregate Supply and Aggregate Demand
  11. Expenditure Multipliers
  12. The Business Cycle, Inflation, and Deflation
  13. Fiscal Policy
  14. Monetary Policy
  15. International Trade Policy

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