Author Description

This edition provides a theoretical basis and a real-world context for understanding current events, enabling the reader to use basic macro models to interpret those events. Topics covered include: macroeconomic analysis, looking at the basic framework and the classical IS-LM model; saving, investment and growth; and business cycles. Macroeconomic policies, including unemployment and inflation, monetary policy, government spending, financial markets and the macroeconomy, are examined in detail.