Understanding the Economy : Introduction to Macroeconomics

Building on the strengths of three previous editions, this text is a highly accessible non-mathematical introduction to macroconomics. Written for the needs of students taking foundation courses in Economics, the aim of the book is to present theory relevant to policy in the real world. The new edition reflects crucial changes in macroeconomic debate i.e. the replacement of traditional debate with that between Keynesian and Supply-side Monetarists.