Macroeconomics: Principles and Applications

This text provides a lean and lively introduction to basic ideas of macroeconomic principles with a sound level of theoretical rigor. It has been carefully crafted in terms of both content and supporting pedagogy to keep students focused on learning and applying the central ideas used in economic analysis. Its objective is to be a study "tool" for students and a complement to, rather than a substitute for, the instructor, departing from the "encyclopedic" approach taken by most other texts. Pedagogy and applications are designed to maintain a focus on the fundamentals and allow flexibility for instructors to bring in additional material as they choose. In-text Internet links and a dedicated Web site provide opportunities and exercises for students to access and analyze additional real-world economic applications.