Description
This text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.
Burda and Wyplosz have done a marvelous job for this eighth edition by further tweaking what has long since been an outstanding foundational book in macroeconomics. Macroeconomics: A European Text is superb in striking the right balance between theory and evidence and it remains peerless in integrating open economy aspects to the macroeconomics curriculum. The book continuous to be the go-to book for equipping undergraduate students with the thinking tools needed for understanding modern macroeconomics.
An excellent introduction to macroeconomics. It explains advanced concepts in easily understood models and language, with applications to real-world problems that helps students grow into mature economists. Many of Europe's economic challenges are different from those of the United States and other advanced countries, because of its unique nature of a large market made up of several smaller entities that have discretion over many aspects of economic management. It is most welcome to find a book that addresses these issues within a rigorous, yet approachable framework, that can help the reader engage in a well-informed discourse about our future.
This is a superb and engaging macroeconomics text for those interested in Europe. It contains plenty of theory, empirics and case studies with excellent sections on income distribution and the global financial crisis. To be recommended strongly for those who want to teach macroeconomics for the real world.