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Published: 20 January 2013

576 Pages

9.7 x 7.4 inches

ISBN: 9780199608645

Also Available As:


Bookseller Code (06)

Online Resource Centre

Macroeconomics: A European Text

Sixth Edition

Michael Burda and Charles Wyplosz

  • Presents macroeconomics from a European perspective making it easier for students to relate the concepts to their own economic environment.
  • Uses up to date European and global monetary policy examples shows students the relevance of the theory.
  • Reflects the dynamic nature of the subject by providing a comprehensive analysis of modern macroeconomics with a balance of theoretical approaches. These fully reflect the fall out from the financial crisis.
  • A comprehensive package of online content provides lecturers with a ready bank of practical resources to use in their teaching and students opportunity to test their learning.
  • Coverage of the global financial crisis including many new examples and the difficulties faced by the Euro-Area this year.
  • Incorporates the IS-TR model. The LM curve will be featured in a box within the text and a Maths appendix on the ORC.
  • Balance sheet will be included in chapter 9 'The Supply of Money and Monetary Policy' and chapter 6 ' Private Sector Demand: Consumption and Investment'.
  • Chapter 4: Labour Markets and Unemployment has more focus on technology catch-up and diffusion including a section on the work of Aghion Howitt and others.
  • Chapter 7: Real Exchange Rates includes material on the explosion of public debt in Greece and other countries.
  • Chapter 9: The Supply of Money and Monetary Policy includes a discussion on central bank policies during the finanical crisis.
  • The focus of chapter 14 is 'Business Cycles and Policy' and includes material on shocks and propagation and 'real business cycle theory'.
  • Chapter 17: Economic Growth: Theory and Policy includes an example of the current explosion of public debt and a discussion of the issue of funding social security and intergenerational accounting.

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