Revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real-world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it. This new edition has been completely revised and updated with current data, and features new material on key topics including globalization, aid and debt relief, and transition economies.
Management Today, December 2001
"..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.."
Economic Outlook and Business Review, Issue 17, Vol 1, March 2002
"..an original and interesting macroeconomics text. It is a self-contained volume which any student and teacher of economics within the higher education sector will find extremely useful..."
"synopsis" may belong to another edition of this title.
Why is the standard of living in some countries so much higher than in others? Why does money sometimes flow in and out of a country so rapidly leaving the exchange rate trailing in its wake? When, if ever, should governments borrow to finance spending? Why does the stock market fluctuate so much and what is its connection with interest rates?
Written with a strong global business focus, Miles and Scott's Macroeconomics: Understanding the Wealth of Nations, Second Edition examines fascinating real-world economic issues, shows why these issues matter, and uses them as an entry point into advanced economic theory. Throughout, the authors present technical material clearly and accessibly, allowing you to develop a solid understanding of the global economy and how economists think about it.
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