This textbook elucidates the complex interconnections between money, capital, and credit markets as well as the influence of exchange rate systems. The new edition discusses the impacts of freedom of movement for workers and current developments in the sovereign debt crisis.

What is macroeconomics? -- Evolution of capitalism -- The classical view of the macro-economy -- The keynesian revolution -- National income accounting -- Classical and keynesian graphic analysis -- Introduction to economic growth -- Introduction to business cycles -- Investment and profit --...