Showing the power of economic tools and the importance of economic ideas, this edition continues to focus on what is truly important for students to learn in their first macroeconomics course. With an engaging approach to the study of the economy, the text returns to applications and policy questions as often as possible, encouraging students to relate economic theory to their own experiences. Designed for students in Australia, it incorporates contemporary topics such as the effects of the US sub-prime market, increased trading with China and India, the RBA, interest rates and monetary policy. Comprehensively revised and updated, the text enables students to understand the important foundations of economic analysis in a practical real-world context.
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