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About This Book

NSCC EDition

An adapted version of Principles of Macroeconomics by Sharmistha Nag licensed under a CC BY-NC-SA 4.0 International Licence. See Version History chapter for more information about the adaptation.

About this Book

Principles of Macroeconomics helps students understand macroeconomic activity measures such as Gross Domestic Product, Unemployment, and Inflation. It discusses the factors that result in growth in the economy. The book uses data and graphs for students to see the implications of these theories on our economy. The textbook uses economic models to determine equilibrium in an economy and explain what causes fluctuations in economic activity. It also describes fiscal and monetary policy tools and evaluates their relative effectiveness on the Canadian economy, outlining the Government’s and Bank of Canada’s roles in stabilizing the economy.

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Principles of Macroeconomics Copyright © 2023 by Sharmistha Nag and NSCC is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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