This popular text has now been thoroughly updated for the European market, and contains a unique balance of modern, student friendly format and truly European coverage of the key issues. Providing lively and up-to-date coverage of a wide range of macroeconomic issues and ideas, the text will help students think critically and coherently about today's macroeconomic agenda. With extensive use of real-world applications, the text also relates theory to UK and European economic history, institutions and policy issues.