First Edition · 2026

Principles of Macroeconomics

Benjamin Posmanick

St. Bonaventure University

An undergraduate introduction to economic growth, inflation, unemployment, and monetary and fiscal policy.

Read all ten chapters online or download them as Markdown.

Principles of Macroeconomics by Benjamin Posmanick. Cover illustration of a Chicago-inspired river city, bridges, and industry.

The macroeconomy

Growth, institutions, and policy

Explore how economies produce goods and services, why living standards differ, and how money and public policy affect economic activity.

Explore long-run growth

Contents

Chapters 1–10

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  1. 01

    Key Insights to Think Like an Economist

  2. 02

    Gross Domestic Product and Economic Growth

  3. 03

    Inflation — A Rising Money Supply Lifts All Prices

  4. 04

    Unemployment, the Labor Force, and the Economy

  5. 05

    Long-Run Economic Growth

  6. 06

    The Importance of Economic Institutions for Growth

  7. 07

    The Economy in the Short-Run

  8. 08
  9. 09
  10. 10

    Conclusion: A Remarkable Economic Inheritance

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