Macroeconomics

The new 3rd edition of Macroeconomics is designed for students who have not previously studies economics. It provides a clear explanation of basic macroeconomic principles through analogies, real-world examples and user-friendly graphs and illustrations. The third edition has been substantially restructured and revised to provide a fresh and lively view of the causes and the effects of sudden macroeconomic changes. Gradual long-term trends are also explained in a direct and intuitive way. The emphasis is on the key concepts and on creating a logical structure to provide a comprehensive and realistic overview of the national and global macro economy. NEW TO THIS EDITION Significantly restructured with the movement of chapters and rationalising of content Almost all Part and Chapter titles have been renamed Extensively rewritten with emphasis on developing structure - this textbook does not 'chase every rabbit down every hole', making it easier for students to understand macroeconomics, but it also strives to maintain realism and relevance Innovative use of PPC Heavily refined economic fluctuations model (which includes the Taylor Rule and relates inflation to deviations)The theme and narrative about short run fluctuations around the long term growth trend is well developed All new interest boxes There are four types of interest boxes that have been integrated into the text so as not to distract the student from the core content while maintaining interest in the text: 1. Explanatory Power: explain puzzling and unusual economic phenomenon 2. Counterpoint: summarises an ongoing debate or covers seemingly contradictory situations 3. Economics at Work: real-world examples of economic forces and concepts at work in a business context4. Historical Perspectives: usually biographical in nature