“Macroeconomics has been written with clear, easy language making it much better than the majority of economics textbooks that have gone before it.”
– Yuan Wang, Senior Lecturer in Economics, Sheffield Hallam University
“The book’s structure is robustly set up for continuing the evolution of economics education. I truly think it is the way forward for Macroeconomics teaching.”
– Dr. Drew Woodhouse, Senior Lecturer in Economics, Sheffield Hallam University
Macroeconomics is a distinctive, accessible, and authoritative guide that equips students with the tools to understand the forces shaping today’s global economy. Clear, concise, and packed with real-world relevance, it is the ideal companion for undergraduates seeking both academic success and practical insight.
Real-world examples bring the subject to life: the global financial crisis, labour market policy, currency wars, and Covid-19 are woven throughout to show how theory meets practice. The text also tackles the pressing issues of the future: cryptocurrencies, universal basic income, positive money, automation, artificial intelligence, demonstrating how macroeconomics continues to evolve in response to modern challenges.
Key features
- Guided learning: Each chapter opens with an overview and clear learning outcomes, giving students a roadmap of what they will achieve.
- Clarity and understanding: Key definitions, supported by figures, graphs, and tables, ensure complex concepts are accessible and easy to visualise.
- Application in practice: A wide range of real world, worked and hypothetical examples demonstrate how theory applies to real events and possible futures.
- Assessment support: Exercises throughout encourage active engagement and practice. Assessment advice offers practical tips, while exam-style questions and graded problems test understanding and build confidence.
- Further exploration: Chapter summaries reinforce key points for revision, and case studies extend learning beyond the text, encouraging critical enquiry and independent thinking.
Macroeconomics is available through McGraw Hill’s Connect® learning platform as an interactive, adaptive eBook alongside a wealth of ready-made course content for teaching, learning, practice and assessment. With a variety of tools to help with course management, insight and tracking, Connect helps faculty and institutions improve student outcomes and deliver courses more efficiently. To learn more, visit mheducation.co.uk/connect.
Dr Paul Middleditch is an Associate Professor of Macroeconomics at the University of Manchester, Director of the Centre for Innovation in Pedagogy, Associate Member of the Economics Network. He has received the Economics Network 'Outstanding Teaching Award' in 2013 and a University of Manchester Distinguished Achievement Medal 'Teacher of the Year' in 2014.
Table of Contents:
Chapter 1 Introduction
Chapter 2 Economic Activity - National Income and Growth
Chapter 3 Unemployment, Inflation and International Trade
Chapter 4 Macroeconomic Modelling
Chapter 5 Financial System I - The Market for Money
Chapter 6 Financial System II - Financial Markets and Financial Instruments
Chapter 7 The Market for Goods and Services I
Chapter 8 The Market for Goods and Services II
Chapter 9 The Labour Market I
Chapter 10 The Labour Market II
Chapter 11 The IS/LM Model
Chapter 12 The Open Economy IS/LM/BP Model
Chapter 13 The AS/AD Model
Chapter 14 The Flexible Price Model
Chapter 15 Modelling Economic Growth
Chapter 16 Economic Growth - Policy and Frameworks
Chapter 17 Introduction to Intertemporal Macroeconomics
Chapter 18 Macroeconometrics
