The macroeconomics volume arrives in Spring 2024.
The world has changed since the first edition of The Economy in 2017, and so have the ways to explain it.
CORE Econ has updated the tools students need to understand and address the challenges of today’s world, so we can continue in our mission to introduce students to what economists do now, and what we know.
The Economy 2.0 brings together the latest research in economics and related disciplines, with the feedback we’ve received over the years.
See how it will better meet your teaching and learning needs.
|These units in The Economy 2.0: Microeconomics correspond to…||…these units in The Economy 1.0|
|1. Prosperity, inequality, and planetary limits||1. The capitalist revolution|
|2. Technology and incentives||2. Technology, population, and growth|
|3. Doing the best you can: Scarcity, well-being, and working hours||3. Scarcity, work, and choice|
|4. Strategic interactions and social dilemmas||4. Social interactions|
|5. The rules of the game: Who gets what and why||5. Property and power: Mutual gains and conflict|
|6. The firm and its employees||6. The firm: Owners managers, and employees|
|7. The firm and its customers||7. The firm and its customers|
|8. Supply and demand: Markets with many buyers and sellers||8. Supply and demand: Price-taking and competitive markets|
|9. Lenders, borrowers, and differences in wealth||10. Banks, money, and the credit market*|
|10. Market successes and failures: The societal effects of private decisions||12. Markets, efficiency, and public policy|
*Only the part about the credit market is included in Unit 9 of The Economy 2.0: Microeconomics
|These units in The Economy 2.0: Macroeconomics correspond to…||…these units in The Economy 1.0|
|1. The supply side model: unemployment and real wages||9. The labour market: Wages, profits, and unemployment|
|2. Supply-side policies, institutions, and inequality||New|
|3. Aggregate demand and the multiplier model||13. Economic fluctuations and unemployment
14. Unemployment and fiscal policy
|4. Inflation and unemployment||15. Inflation, unemployment, and monetary policy|
|5. Monetary and fiscal policy||14. Unemployment and fiscal policy
15. Inflation, unemployment, and monetary policy
|6. Money, banks, and debt||10. Banks, money, and the credit market**|
|7. Systemic instability: financial and environmental||New|
|8. Creative destruction, the labour market and the future of work||16. Technological progress, employment, and living standards in the long run|
|9. A century of growth, fluctuations and crises: applying the models||17. Capstone: The Great Depression, golden age, and global financial crisis|
|10. Global growth and inequality||New|
**Only the part about banks and money is included in Unit 6 of The Economy 2.0: Macroeconomics
Interested in adopting or switching to The Economy 2.0 but would like advice? You can talk with us!
With The Economy 2.0 now available, we’re no longer updating The Economy 1.0. We last updated it on 31 March 2022, when:
You can keep using The Economy 1.0, together with all its instructor and learner resources. It will always be free.