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New!

Macroeconomics: Theory and Applications, 2nd Edition

Robert Lester

  • Copyright 2028
  • {{checkPublicationMessage('Available 1 January 2027', '2027-01-01T00:00:00+0000')}}
Starting At £45.00 See pricing and ISBN options
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Macroeconomics: Theory and Applications 2nd Edition by Robert Lester
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Overview

Introduce your students to fundamental topics in macroeconomic research and policy with Lester’s “Macroeconomics: Theory and Applications,” 2nd Edition. Requiring no prerequisite knowledge beyond principles of macroeconomics, this text provides an accessible overview of models of economic growth, consumption savings, labor supply, and more.

Offering different types of assessment, including in-chapter knowledge checks and solutions, end-of-chapter review questions and problems, and several types of online resources, this edition helps students build their understanding while reinforcing course concepts.

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Meet the Authors

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Robert Lester

Robert Lester started working at Colby in 2015 after completing his graduate work at the University of Notre Dame. His research is in macroeconomics generally and monetary economics in particular.

What's New

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  • Students learn about AI’s impact on business and engage with AI use in economics through hands-on, scenario-based modules that teach them how to use AI in the workplace.
  • Data Exploration Activities give students hands-on experience with real data, teaching them the basics of analyzing graphs and data.

Features

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  • Provides an up-to-date treatment of modern macroeconomic models in a way that’s accessible to undergraduate and Master of Business Administration students.
  • Chapter applications focus on data and contemporary economic research.
  • Students can verify their understanding through knowledge checks in each chapter, with solutions provided at the end.
  • Questions for review and problem sets are included at the end of each chapter, with solution sets provided as an instructor resource.
  • Auto-graded, algorithmic, and randomized end-of-chapter assessment and data-centric lab activities are available in MindTap, Cengage’s learning platform.

Table of Contents

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Part I: Growth.
1. Defining and Measuring GDP.
2. Economic Performance in Historical Perspective.
3. The Solow Model of Economic Growth.
4. Beyond Factor Accumulation.
Part II: Classical Theory.
5. Money, Prices, and Nominal Interest Rates.
6. Saving, Investment, and the Real Interest Rate.
7. International Trade and the Macroeconomy.
8. Labor Markets.
9. Government Spending and the Macroeconomy.
Part III: Business Cycles.
10. Introduction to Business Cycles.
11. The IS-MP Model.
12. The IS-MP-AS Model.
13. IS-MP-AS in the Open Economy.
Part IV: Banking and Financial Markets.
14. Banking and the Macroeconomy.
15. Bonds, Stocks, and Monetary Policy.
Mathematical Appendix.

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 8214055636
  • ISBN-13: 9798214055633
  • RETAIL £45.00
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 8214055598
  • ISBN-13: 9798214055596
  • RETAIL £53.00

  • ISBN-10: 8214055520
  • ISBN-13: 9798214055527
  • RETAIL £77.99
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Students: Buy now

Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

International MindTap Instant Access for Lester’s Macroeconomics: Theory and Applications

ISBN: 9798214055633
MindTap for Lester’s “Macroeconomics: Theory and Applications,” 2nd Edition is a MindTap course available alongside the edition’s print format. MindTap is Cengage’s learning platform that offers powerful tools for quizzes and tests, grading, and performance analytics — making it easier for you to track progress, identify learning gaps, and support every student. Students get full access to their eBooks, along with a wide range of supplemental materials, including practice activities and study support, to help them build confidence, master course concepts, and develop real-world skills. Use MindTap for Lester’s “Macroeconomics: Theory and Applications,” 2nd Edition as is or guide the learning experience to meet your specific course needs. You can also integrate MindTap into your existing learning management system, keeping everything you need in one place. All online text media materials accessible through this access code are available in EMEA, Latin America, Asia, and India only.