Pitched at the optimum level for undergraduate students, the third edition of this successful and widely adopted intermediate level UK macroeconomics text has been very extensively revised and updated. The authors have ensured that the existing stengths of the book's tried and tested approach are retained whilst the latest theoretical developments and policy controversies are examined. One of the few leading non US oriented texts for UK studentsRetains traditional methods of analysis but adds material on both new classical and Keynesian models