Understanding Macroeconomic Theory

Filling the gap between the plethora of intermediate level texts and the advanced graduate level, this informative book is theoretically based and rigorous, but does not rely on advanced mathematics. Underpinned by solid microfoundations, it introduces the student and professional economist to the key tenets of macroeconomic theory including: - New and endogenous growth theory - Real business cycles - New Classical and New Keynesian Macroeconomics - The role of exchange rates The text is pedagogically sophisticated and includes a host of real world case studies and exercises and, overall, it will be an invaluable resource for anyone wishing to gain a better understanding of the economy in general.