This text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.

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. Explaining Economic Growth in the Long Run ; 5. Labour Markets and Unemployment ; 6. Money, Prices, and Exchange Rates in the Long Run ; PART III: THE MACROECONOMY IN THE SHORT RUN ; 7. Borrowing, Lending, and Budget Constraints ; 8. Private Sector Demand: Consumption and Investment ; 9. Money and Monetary Policy ; 10. Macroeconomic Equilibrium in the Short Run ; 11. International Capital Flows and Macroeconomic Equilibrium ; 12. Output, Employment, and Inflation ; 13. Aggregate Demand and Aggregate Supply ; 14. Asset Markets ; 15. The Exchange Rate ; PART IV: 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 provides a comprehensive analsysis of contemporary macroeconomics. It analyses different theoretical approaches and contextualises theory with up-to-date monetary policy examples. These fully reflect the fall out from the global financial crisis.
This text explains the modern approach to macroeconomics with simplicity and rigour, while retaining the focus on the special aspects of the European economy.

Online Resource Centre:Student Resources:

Concepts & issues
Sample exam questions
Self-test multiple choice questions
Review questions
Web appendices
Web links

Lecturer Resources:
Test bank
Case studies
Excel based exercises for macroeconomic modelling
PowerPoint slides
Revision questions
Solutions to end of chapter exercises
Lecture plans