Publisher's Synopsis
This textbook is a policy-based introduction to macroeconomics designed for economics students and non-specialists alike, the explanation being verbal and geometric with little recourse to formal mathematics. This fourth edition has been fully revised and updated and contains a new chapter on international trade, comparative advantage and protectionism. There are further new chapters on the IS-LM model, and recent developments in progress towards European Monetary Union are also incorporated. The work aims to appeal to business, MBA and management, and political science students who require a policy-based perspective.
