Principles of Macroeconomic Literacy, Second Edition, introduces core macroeconomic concepts by grounding theory in questions of value, cost, incentives, and real-world decision-making. Designed for students new to economics, the textbook draws on classical and modern economic thought to examine how markets function, how policies are formed, and why economic outcomes often differ from policy intentions. Using accessible explanations and short fictional narratives, the book explores topics such as credit markets, economic planning, money, technology, trade, government intervention, and fiscal policy. Rather than positioning students as abstract policy-makers, Principles of Macroeconomic Literacy emphasizes how macroeconomic forces shape everyday economic life. This updated edition includes new examples that further support student understanding
and engagement.