Macroeconomics: Canadian Edition
Fifth Edition ©2025 Paul Krugman; Robin Wells; Iris Au; Jack Parkinson Formats: Achieve, E-book, Print
As low as C$64.99
As low as C$64.99
A captivating way to achieve economic understanding — in a version just for Canadian students.
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman, Robin Wells, and Canadian co-authors Jack Parkinson and Iris Au. Filled with current Canada-based research and examples, this best-selling introductory textbook is a showcase for the authors’ signature storytelling style and uncanny way of showing how economic concepts play out in our world.
Revised and updated throughout, the new edition offers a much stronger array of superior online tools that are part of a complete, integrated online learning system, Achieve.
- So students can immediately see economic concepts applied in the real world, Economics in Action applications appear throughout chapters.
- To provide students with an international perspective, the Global Comparison feature uses data and graphs to illustrate why countries reach different economic outcomes.
- To provide students with an international perspective, the Global Comparison feature uses data and graphs to illustrate why countries reach different economic outcomes.
- To reinforce learning, sections within chapters conclude with three tools: an application of key concepts in the Economics in Action; a Quick Review of key concepts; and a comprehension check with Check Your Understanding questions. Solutions for these questions appear at the back of the text.
- “Pitfalls” teach students to identify and avoid common misconceptions about economic concepts.
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Related Titles
Authors
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Paul Krugman
Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is a faculty member of the Graduate Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyzes income inequality around the world. Prior to that, he taught at Princeton University for 14 years. He received his Barroom Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included pathbreaking work on international trade, economic geography, and currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He is a regular-ed columnist for the New York Times. His best-selling trade books include End This Depression Now!, The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy, and The Conscience of a Liberal, a study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.
-
Robin Wells
Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southhampton (United Kingdom), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives.
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Iris Au
Iris Au is a Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). She received her BA, MA, and PhD from Simon Fraser University. She taught at Simon Fraser University and Kwantlen University College (now known as Kwantlen Polytechnic University) before joining UTSC. Currently, she teaches introductory and intermediate macroeconomics, international finance, economics of public policy, and topics on financial crises on a regular basis.
-
Jack Parkinson
Jack Parkinson is an Associate Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). He received his Hons. BA from Western University and his MA and PhD from the University of Toronto. He has worked as a corporate tax policy analyst for the Ontario Ministry of Finance while teaching during his lunchtime or evenings. Over the past 30 years he has taught on all three campuses of the University of Toronto. Currently, he teaches introductory microeconomics and macroeconomics, intermediate microeconomics and macroeconomics, money and banking, economics of organization, and industrial organization.
Table of Contents
Part 1: What Is Economics?
Introduction: An Engine for Growth and Discovery
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2: Supply and Demand
3 Supply and Demand
Appendix A: The Algebra of Demand, Supply, and Equilibrium
Appendix B: Consumer and Producer Surplus
4 Price Controls and Quotas: Meddling with Markets
5 International Trade
Part 3: Introduction to Macroeconomics
6 Macroeconomics: The Big Picture
7 GDP and the CPI: Tracking the Macroeconomy
8 Unemployment and Inflation
Part 4: Long-Run Economic Growth
9 Long-Run Economic Growth
10 Savings, Investment Spending, and the Financial System
Appendix: Toward a Fuller Understanding of Present Value
Part 5: Short-Run Economic Fluctuations
11 Income and Expenditure
Appendix: Deriving the Multiplier Algebraically
12 Aggregate Demand and Aggregate Supply
Part 6: Stabilization Policy
13 Fiscal Policy
Appendix: Taxes and the Multiplier
14 Money, Banking, and the Central Banking System
15 Monetary Policy
Appendix: Reconciling the Two Models of the Interest Rate
16 Inflation, Disinflation, and Deflation
Part 7: Events and Ideas
17 Macroeconomics: Events and Ideas
Part 8: The International Economy
18 International Macroeconomics
Solutions to Check Your Understanding QuestionsGlossary
Index
Product Updates
- Nutrien, a Canadian fertilizer company (Ch. 3, 3 Supply and Demand)
- Canadian money bloggers Bridget Casey and Robb Engen about managing student debt (Ch. 9, Decision Making by Individuals and Firms)
- Updated EIA: Biotech: The World’s Biggest Loser with Canadian company Deep Genomics
- Business Case: Help Wanted! Robots Fill Worker Shortages on robots replacing people in manufacturing during Covid featuring Canadian company Tigercat Industries (Ch. 11, Behind the Supply Curve: Inputs and Costs)
Instructor Resources
Instructor Resources
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Test Bank for Macroeconomics: Canadian Edition
Paul Krugman; Robin Wells; Iris Au; Jack Parkinson | Fifth Edition | ©2025 | ISBN:9781319569679
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Authors
-
Paul Krugman
Paul Krugman, recipient of the 2008 Nobel Memorial Prize in Economic Sciences, is a faculty member of the Graduate Center of the City University of New York, associated with the Luxembourg Income Study, which tracks and analyzes income inequality around the world. Prior to that, he taught at Princeton University for 14 years. He received his Barroom Yale and his PhD from MIT. Before Princeton, he taught at Yale, Stanford, and MIT. He also spent a year on the staff of the Council of Economic Advisers in 1982–1983. His research has included pathbreaking work on international trade, economic geography, and currency crises. In 1991, Krugman received the American Economic Association’s John Bates Clark medal. In addition to his teaching and academic research, Krugman writes extensively for nontechnical audiences. He is a regular-ed columnist for the New York Times. His best-selling trade books include End This Depression Now!, The Return of Depression Economics and the Crisis of 2008, a history of recent economic troubles and their implications for economic policy, and The Conscience of a Liberal, a study of the political economy of economic inequality and its relationship with political polarization from the Gilded Age to the present. His earlier books, Peddling Prosperity and The Age of Diminished Expectations, have become modern classics.
-
Robin Wells
Robin Wells was a lecturer and researcher in Economics at Princeton University, where she has taught undergraduate courses. She received her BA from the University of Chicago and her PhD from the University of California, Berkeley; she then did her postdoctoral work at MIT. She has taught at the University of Michigan, the University of Southhampton (United Kingdom), Stanford, and MIT. Her teaching and research focus on the theory of organizations and incentives.
-
Iris Au
Iris Au is a Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). She received her BA, MA, and PhD from Simon Fraser University. She taught at Simon Fraser University and Kwantlen University College (now known as Kwantlen Polytechnic University) before joining UTSC. Currently, she teaches introductory and intermediate macroeconomics, international finance, economics of public policy, and topics on financial crises on a regular basis.
-
Jack Parkinson
Jack Parkinson is an Associate Professor, Teaching Stream in Economics at the University of Toronto Scarborough (UTSC). He received his Hons. BA from Western University and his MA and PhD from the University of Toronto. He has worked as a corporate tax policy analyst for the Ontario Ministry of Finance while teaching during his lunchtime or evenings. Over the past 30 years he has taught on all three campuses of the University of Toronto. Currently, he teaches introductory microeconomics and macroeconomics, intermediate microeconomics and macroeconomics, money and banking, economics of organization, and industrial organization.
Table of Contents
Part 1: What Is Economics?
Introduction: An Engine for Growth and Discovery
1 First Principles
2 Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
Part 2: Supply and Demand
3 Supply and Demand
Appendix A: The Algebra of Demand, Supply, and Equilibrium
Appendix B: Consumer and Producer Surplus
4 Price Controls and Quotas: Meddling with Markets
5 International Trade
Part 3: Introduction to Macroeconomics
6 Macroeconomics: The Big Picture
7 GDP and the CPI: Tracking the Macroeconomy
8 Unemployment and Inflation
Part 4: Long-Run Economic Growth
9 Long-Run Economic Growth
10 Savings, Investment Spending, and the Financial System
Appendix: Toward a Fuller Understanding of Present Value
Part 5: Short-Run Economic Fluctuations
11 Income and Expenditure
Appendix: Deriving the Multiplier Algebraically
12 Aggregate Demand and Aggregate Supply
Part 6: Stabilization Policy
13 Fiscal Policy
Appendix: Taxes and the Multiplier
14 Money, Banking, and the Central Banking System
15 Monetary Policy
Appendix: Reconciling the Two Models of the Interest Rate
16 Inflation, Disinflation, and Deflation
Part 7: Events and Ideas
17 Macroeconomics: Events and Ideas
Part 8: The International Economy
18 International Macroeconomics
Solutions to Check Your Understanding QuestionsGlossary
Index
Product Updates
- Nutrien, a Canadian fertilizer company (Ch. 3, 3 Supply and Demand)
- Canadian money bloggers Bridget Casey and Robb Engen about managing student debt (Ch. 9, Decision Making by Individuals and Firms)
- Updated EIA: Biotech: The World’s Biggest Loser with Canadian company Deep Genomics
- Business Case: Help Wanted! Robots Fill Worker Shortages on robots replacing people in manufacturing during Covid featuring Canadian company Tigercat Industries (Ch. 11, Behind the Supply Curve: Inputs and Costs)
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ISBN:9781319569662
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ISBN:9781319484965
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FAQs
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Are you a campus bookstore looking for ordering information?
MPS Order Search Tool (MOST) is a web-based purchase order tracking program that allows customers to view and track their purchases. No registration or special codes needed! Just enter your BILL-TO ACCT # and your ZIP CODE to track orders.
Canadian Stores: Please use only the first five digits/letters in your zip code on MOST.
Visit MOST, our online ordering system for booksellers: https://tracking.mpsvirginia.com/Login.aspx
Learn more about our Bookstore programs here: https://www.macmillanlearning.com/college/us/contact-us/booksellers
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Our courses currently integrate with Canvas, Blackboard (Learn and Ultra), Brightspace, D2L, and Moodle. Click on the support documentation below to find out more details about the integration with each LMS.
Integrate Macmillan courses with Blackboard
Integrate Macmillan courses with Canvas
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If you’re a verified instructor, you can request a free sample of our courseware, e-book, or print textbook to consider for use in your courses. Only registered and verified instructors can receive free print and digital samples, and they should not be sold to bookstores or book resellers. If you don't yet have an existing account with Macmillan Learning, it can take up to two business days to verify your status as an instructor. You can request a free sample from the right side of this product page by clicking on the "Request Instructor Sample" button or by contacting your rep. Learn more.
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-
-
Sometimes also referred to as a spiral-bound or binder-ready textbook, loose-leaf textbooks are available to purchase. This three-hole punched, unbound version of the book costs less than a hardcover or paperback book.
-
-
-
Achieve (full course) includes our complete e-book, as well as online quizzing tools, multimedia assets, and iClicker active classroom manager.
Most Achieve Essentials courses do not include our e-books and adaptive quizzing.
Visit our comparison table for details: https://www.macmillanlearning.com/college/us/digital/achieve/compare
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Achieve (full course) includes our complete e-book, as well as online quizzing tools, multimedia assets, and iClicker active classroom manager.
Achieve Read & Practice only includes our e-book and adaptive quizzing, and does not include instructor resources and assignable assessments. Read & Practice does integrate with LMS.
Visit our comparison table for details: https://www.macmillanlearning.com/college/us/digital/achieve/compare
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We can help! Contact your representative to discuss your specific needs for your course. If our off-the-shelf course materials don’t quite hit the mark, we also offer custom solutions made to fit your needs.
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Macroeconomics: Canadian Edition
When it comes to explaining fundamental economic principles by drawing on current economic issues and events, there is no one more effective than Nobel laureate and New York Times columnist Paul Krugman, Robin Wells, and Canadian co-authors Jack Parkinson and Iris Au. Filled with current Canada-based research and examples, this best-selling introductory textbook is a showcase for the authors’ signature storytelling style and uncanny way of showing how economic concepts play out in our world.
Revised and updated throughout, the new edition offers a much stronger array of superior online tools that are part of a complete, integrated online learning system, Achieve.
- So students can immediately see economic concepts applied in the real world, Economics in Action applications appear throughout chapters.
- To provide students with an international perspective, the Global Comparison feature uses data and graphs to illustrate why countries reach different economic outcomes.
- To provide students with an international perspective, the Global Comparison feature uses data and graphs to illustrate why countries reach different economic outcomes.
- To reinforce learning, sections within chapters conclude with three tools: an application of key concepts in the Economics in Action; a Quick Review of key concepts; and a comprehension check with Check Your Understanding questions. Solutions for these questions appear at the back of the text.
- “Pitfalls” teach students to identify and avoid common misconceptions about economic concepts.
Select a demo to view:
Sample Achieve