Macroeconomics teaches students to be young economists, providing a contemporary approach to the subject and a wealth of real-life case studies to allow students to understand how economics works in practice.
- The most applied macroeconomics textbook on the market, utilising case studies from the post-crisis macro economy to help students think like modern economists.
- Presents macroeconomics from a European perspective making it easier for students to relate the concepts to their own economic environment.
- Provides a comprehensive analysis of modern macroeconomics with a balance of theoretical approaches; fully up-to-date with the most current debates over the role of the banking system in the macroeconomy.
- A wealth of online content provides lecturers with a ready bank of practical resources to use in their teaching and gives students the opportunity to test their understanding of key concepts.
New to this edition
- The chapter on Money and Monetary Policy has been expanded into two new chapters: ‘Money and Interest Rates’ and ‘Monetary Policy, Banks, and Financial Stability.
- The banking system has been brought to the fore in the authors’ description of the macroeconomic system and characterization of monetary policy.
- Coverage of the interest rate’s zero lower bound, quantitative easing, bank regulation, and the role of shadow banking has been included in Chapter 7 ‘Asset Markets’.
- Coverage of the banking and European debt crises, European monetary union and money markets in a fixed exchange rate has been increased.
- Chapter 14 ‘Aggregate Demand and Aggregate Supply’ has been streamlined and simplified to aid understanding.
- The new IMF standards for measuring balance of payments have been adopted.
- The IS-TR chapters in the closed and open economy, in addition to the central model chapters, have been thoroughly revised.
Burda, Michael, and Charles Wyplosz. Macroeconomics: a European text. Oxford University Press, 2013.
Purchase or request a copy here.