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.
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