For courses in undergraduate Macroeconomics courses. A modern approach to teaching
macroeconomics Macroeconomics uses a thoroughly modern approach by building macroeconomic
models from microeconomic principles. As such it is consistent with the way that macroeconomic
research is conducted today. This approach allows for deeper insights into economic growth
processes and business cycles?the key topics in macroeconomics. An emphasis on microeconomic
foundations better integrates the study of macroeconomics with approaches learned in
microeconomics and field courses in economics. By following an approach to macroeconomics that
is consistent with current macroeconomic research students become better prepared for advanced
study in economics. The 6th Edition captures the latest developments in macroeconomic thinking
applied to recent economic events and developments in macroeconomic policy. With the financial
crisis receding new challenges that macroeconomists and policymakers currently need to address
are covered in the text.
