Macroeconomics - 2026 Release

1266283668 · 9781266283666
Macroeconomics engages students by approaching economics as a way of explaining real people and their decisions, and by providing a set of tools that serve to solve many different types of problems.Macroeconomics is designed to keep students engaged,… Read More
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PART 1: The Power of Economics

Chapter 1 Macroeconomics and Life

Chapter 2 Specialization and Exchange

Appendix A Math Essentials: Understanding Graphs and Slope

PART 2: Supply and Demand

Chapter 3 Markets

Appendix B Math Essentials: Working with Linear Equations

Chapter 4 Elasticity

Appendix C Math Essentials: Calculating Percentage Change, Slope, and Elasticity

Chapter 5 Efficiency

Appendix D Math Essentials: The Area Under a Linear Curve

Chapter 6 Government Intervention

PART 3: The Data of Macroeconomics

Chapter 7 Measuring GDP

Chapter 8 The Cost of Living

PART 4: Labour Market and Economic Growth

Chapter 9 Unemployment and the Labour Market

Chapter 10 Economic Growth

PART 5: The Economy in the Short and Long Run

Chapter 11 Aggregate Expenditure

Appendix E Math Essentials: Algebra and Aggregate Expenditure

Chapter 12 Aggregate Demand and Aggregate Supply

Chapter 13 Fiscal Policy

PART 6: The Financial System and Institutions

Chapter 14 The Basics of Finance

Chapter 15 Money and the Monetary System

Chapter 16 Inflation

Chapter 17 Financial Crises

PART 7: International Policy Issues

Chapter 18 Open-Market Macroeconomics

Chapter 19 Development Economics

Macroeconomics engages students by approaching economics as a way of explaining real people and their decisions, and by providing a set of tools that serve to solve many different types of problems.

Macroeconomics is designed to keep students engaged, delivering core economic concepts along with an introduction to important new ideas in economic thought. Taking a modern approach, Karlan is organized around learning objectives and matched with sound learning tools in Connect aimed at enhancing students’ analytical and critical thinking skills. Karlan presents real-life examples and encourages students to think through decisions they’ll face in life and ultimately shows that economics is the common thread that enables us to understand, analyze, and solve problems in Canada and around the World.

Every chapter fulfills three fundamental commitments: 1) to show how economics can solve real-life problems, 2) to teach principles as analytic tools for dealing with real situations, and 3) to focus on what matters to students.

Integrated Excel. The power of Microsoft Excel meets the power of Connect in our Integrated Excel assignments. In this new assignment type, Excel opens seamlessly inside Connect, with no need for uploading or downloading any additional files or software. Instructors choose their preferred auto-graded solution, with the option for either grading for formula accuracy or for the solution value. (Algorithmic versions are available for select assignments.)

Econ NewsFlash. Econ NewsFlash exercises tie current news stories to key principles and learning objectives. After interacting with a contemporary news story, students are assessed on their ability to make the connection between real life and research findings.

Econ Reels. Econ Reels is a new assignment type that features media clips from TV shows, commercials, and movies paired with auto-graded questions. By entertaining and engaging students with relatable content, Econ Reels transforms passive watching into interactive learning, making the study of economics exciting and relevant. These exercises can be assigned and auto-graded in Connect, and feature over forty videos to cover all the major topics of the two-semester course.

Show Me The Numbers. The Show Me the Numbers feature is new in the 2026 Release. Flagged with an identifying icon, this addition makes it easier to see places where we turn to evidence to illustrate basic economic principles. The feature points to places where we consider a particular empirical study (such as a discussion of an endogenous growth model and how technology drives economic growth), or turn to, say, Statistics Canada data to examine historical trends in government deficits.

AI Reader. Encourage discovery and boost understanding with AI Reader. Designed to facilitate active reading, AI Reader within McGraw Hill Connect provides students with AI tools to enhance their comprehension, retention, and critical thinking. Students can use AI Reader within the Connect eBook and/or SmartBook to highlight words or sections to see different explanations, create quiz-questions for self-study, copy helpful explanations to their notes, and follow citations to find the original context of the AI-generated explanation

Evergreen™. Content and technology are ever-changing, and it is important that you can keep your course up to date with the latest content and assessments. That’s why we want to deliver the most current and relevant content for your course, hassle-free. McGraw Hill uses an Evergreen delivery model, which is a product delivery model and experience that provides customers with the most relevant and updated content, tools, and accessibility. Engage students and freshen up assignments with up-to-date coverage of select topics and new questions, all without having to switch editions or build a new course.

Modern Approach. Karlan demonstrates how students can use basic economic principles to understand, analyze, and solve problems in their everyday life and around the world. This approach is implemented by presenting examples and applications first to explain economics principles, by taking students through the process of engaging with real problems, using analytical tools to devise solutions, and ultimately showing what works and why.

Current and Relevant. The text is current in its content, method, and media. While remaining faithful to the core principles of economics, the authors also seek to share with students some of the ways that new ideas are expanding the “basics” of economic theory. Karlan recognizes and explains the rise of game theory, behavioural economics, and experimental and empirical approaches, in ways that matter to students.

Global Perspective. Students live in a digital, globalized world. Real life examples and case studies are featured from economies around the world, with Canada as a leading example. Recognizing that students are knowledgeable and care about both local and international issues, Karlan/Morduch integrates diverse and engaging ‘naturally international’ examples.

Principles As Analytic Tools for Real Situations.  The text is centred on examples and issues that resonate with students’ experience. Applications come first, reinforcing the relevance of the tools that students acquire. Engaging empirical cases are interspersed throughout the content. The applications open up puzzles, anomalies, and possibilities that basic economic principles help explain. The aim is, first and foremost, to ensure that students gain an intuitive grasp of basic ideas.

High Quality Problem Material. Karlan provides a variety of end-of-chapter material to engage and support student learning, including Review Questions, and Problems and Applications. The material ranges from straightforward questions about theories or formulas, to more open-ended questions, and to more quantitative problems based on real life examples or referencing graphs and charts that appear in the text chapter.

Special Pedagogical Features. Interesting examples open each chapter, and pedagogical special features, including Real Life (short case or policy question, findings from history or academic studies, and anecdotes from the field); From Another Angle (different ways of looking at an economic concept); What Do You Think? and Where Can It Take You?  (asks students to use economic analysis and normative arguments to defend a position); Potentially Confusing (calls attention to common misunderstanding); and Concept Checks have been incorporated to build interest and support student learning. 

McGraw Hill Connect®. Predictive, Personal and Powered by AI. McGraw Hill Connect is an award-winning digital teaching and learning platform designed to empower students and streamline course management for instructors. With cutting-edge adaptive technology and AI-driven tools, Connect delivers personalized learning experiences that help students achieve their full potential. For instructors, Connect provides comprehensive reporting, actionable data, and valuable insights designed to amplify teaching. 

SmartBook®. Within Connect, students have access to SmartBook, McGraw Hill’s adaptive learning and reading resource. SmartBook creates a safe space for learning and confidence building, as students receive immediate and meaningful feedback to help guide their study. By prompting students with questions and assessing individual answers, SmartBook learns what a student knows and identifies which topics they need to practice, giving each student a personalized learning experience and path to success. 

ReadAnywhere® App. Read or study when it’s convenient with McGraw Hill’s free ReadAnywhere app. Available for iOS and Android smartphones or tablets, the ReadAnywhere App gives users access to McGraw Hill tools including the eBook and SmartBook or Adaptive Learning Assignments in McGraw Hill Connect. Students can take notes, highlight, and complete assignments offline—all their work will sync when connected to Wi-Fi. Students log in with their Connect username and password to start learning—anytime, anywhere! 

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McGraw-Hill Connect is an award-winning digital teaching and learning solution that empowers students to achieve better outcomes and enables instructors to improve course management efficiency.

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Monitor progress and improve focus with Connect’s visual and actionable dashboards. Reports are available to empower both instructors and students with real-time performance analytics.

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ISBN10: 1264978618 | ISBN13: 9781264978618

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