Presents macroeconomics from a European perspective making it easier for students to relate the concepts to their own economic environment.
Uses up-to-date European and global monetary policy examples showing students the relevance of the theory.
Reflects the dynamic nature of the subject by providing a comprehensive analysis of modern macroeconomics with a balance of theoretical approaches.
A fully-equipped package of online content provides lecturers with a ready bank of practical resources to use in their teaching and students with ample opportuneity to test their learning.

New to this edition
Updated monetary policy examples throughout, including new examples from India and China.
The table of contents has been revised to create a clearer distinction between the long run and short run material.
The key chapters which derive the basic macroeconomic model have been rewritten to introduce the Taylor rule and to correspond with the modern New Keynesian synthesis.
Monetary policy and growth material has been restructured to provide a more intuitive framework for students.


Macroeconomics provides a solid foundation in contemporary macroeconomics, analysing different theoretical approaches and contextualising the theory with up to date monetary policy examples.

The policy examples have been updated throughout to ensure that the reader can relate the economic concepts to the real world. The focus is on European economies but the increasing importance of economies like China and India is also addressed. Other changes to the new edition include a streamlined table of contents, designed to closely reflect the structure of modules, and the expansion of the Online Resource Centre to include additional European and global examples and further mathematical material.