Michael Burda is Professor of Economics at Humboldt University, Berlin.Charles Wyplosz is Professor of Economics at The Graduate Institute, Geneva

Macroeconomics teaches students to be young economists, providing a contemporary approach to the subject and a wealth of real-life case studies to allow students to understand how economics works in practice.

Part I: Introduction to Macroeconomics; 1 What is Macroeconomics?; 2 Macroeconomic Accounts; Part II: The Macroeconomy in the Long Run; 3 The Fundamentals of Economic Growth; 4 Labour Markets and Unemployment; 5 Money, Prices, and Exchange Rates in the Long Run; Part III: The Macroeconomy in the Short Run: the Building Blocks; 6 Borrowing, Lending, and Budget Constraints; 7 Asset Markets; 8 Private Sector Demand: Consumption and Investment; 9 Money and the Demand for Money; 10 The Supply of Money and Monetary Policy; Part IV: Macroeconomic Equilibrium; 11 Macroeconomic Equilibrium in the Short Run; 12 International Capital Flows and Macroeconomic Equilibrium; 13 Output, Employment, and Inflation; 14 Aggregate Demand and Aggregate Supply; 15 The Exchange Rate; Part V: Macroeconomic Policy in a Global Economy; 16 Demand Management Policies; 17 Fiscal Policy, Debt, and Seigniorage; 18 Policies for the Long Run; 19 The Architecture of the International Monetary System; 20 Epilogue

Macroeconomics teaches students to be young economists, providing a contemporary approach to the subject and a wealth of real-life case studies to allow students to understand how economics works in practice.Responding to the financial crisis, this text explains the modern approach to macroeconomics with simplicity and rigour, while retaining the focus on particular characteristics of the European economy. The authors analyse different theoretical approaches and contextualise theory with up-to-date monetary policy examples.Helpful learning features throughout the text including; boxes, chapter summaries, key concepts, end of chapter exercises, and essay questions, support students' learning, and the book is accompanied by an extensive Online Resource Centre designed to help students take their learning further.Online Resource Centre:Student Resources:Sample exam questionsMultiple choice questionsReview questionsWeb appendicesWeb linksLecturer Resources:Power Point slidesExcel based exercises for macroeconomic modellingLecture plansCase studiesRevision questionsSolutions to end-of-chapter exercisesTest bankVLE cartridge