Macroeconomics

Macroeconomics, 23rd Edition, by Campbell McConnell, is an introductory textbook designed to guide students and instructors through fundamental economic principles. The opening chapters establish core market concepts, including resource limits, alternatives, circular flow, demand, supply, and market equilibrium. The text also investigates market failures resulting from externalities and asymmetric information, alongside public goods and government failure.

The core narrative transitions into aggregate economic analysis, covering domestic output measurement, national income, economic growth, business cycles, unemployment, and inflation. Subsequent sections explore basic macroeconomic relationships using the aggregate expenditures model, aggregate demand, aggregate supply, fiscal policy, deficits, national debt, and current theoretical debates.

McGraw-Hill Higher Education published this volume under a 2023 copyright to support structured undergraduate instruction. The textbook is issued in print under ISBN 9781265306991 and in digital format under eText ISBN 9781266805998. Additional ISBN listings for the digital release include 9781265308315 and 9781265269722.