Macroeconomics: Understanding the Global Economy, 3rd
Edition is to help students - and indeed anyone - understand
contemporary and past economic events that shape the world we live in,
and at a sophisticated level. But it does so without focusing on
mathematical techniques and models for their own sake.
Theory is taken seriously - so much so that the authors go to pains to
understand the key aspects of theories in a way that will not put people
off before they see how theories are useful to analyse issues. The
authors believe that theories are essential to better understand the
world, thus the book includes a wealth of historic and current episodes
and data to both see how theories can help interpret the world and also
to judge their validity.
Economies today are very inter-connected; what happens in China matters
pretty much everywhere; and what happens in one (even small) country in
the euro zone has implications for the whole euro area and beyond,
consequently Macroeconomics, 3rd Edition adopts a very
international focus.