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Macroeconomics

Theory and Economic Reality

By: Pascal BÃ©dard

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Paperback | 19 August 2026

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Paperback

Dimensions(cm)
28.0 x 21.6 x 1.86

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$168.75

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This textbook is built around three fundamental objectives: to help students understand economics through concrete real-world applications, master the core foundations of macroeconomic analysis, and develop the way of thinking that characterizes economists.
Rather than emphasizing the memorization of models, the book focuses on understanding the economic mechanisms that shape real-world outcomes. Without attempting to cover every theoretical debate or technical nuance, it highlights the fundamental ideas of macroeconomics and presents economic models as analytical tools for interpreting how the economy works. Recent developments in macroeconomic thought are incorporated whenever they help explain contemporary economic realities, while more traditional models are retained whenever they continue to serve an important pedagogical purpose.
Beyond the acquisition of knowledge, the book seeks to cultivate an economist's mindset by consistently connecting theoretical models to the economic phenomena they are designed to explain.
The objective of this textbook is therefore to provide readers with the foundations needed to understand today's major macroeconomic issues. Beyond the classroom, it is intended for anyone wishing to gain a deeper understanding of how the economy functions, develop an informed perspective on major economic challenges, and strengthen their analytical and decision-making skills.

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