Revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real-world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it. This new edition has been completely revised and updated with current data, and features new material on key topics including globalization, aid and debt relief, and transition economies

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Why is the standard of living in some countries so much higher than in others? Why does money sometimes flow in and out of a country so rapidly leaving the exchange rate trailing in its wake? When, if ever, should governments borrow to finance spending? Why does the stock market fluctuate so much and what is its connection with interest rates?

Written with a strong global business focus, Miles and Scott's Macroeconomics: Understanding the Wealth of Nations, Second Edition examines fascinating real-world economic issues, shows why these issues matter, and uses them as an entry point into advanced economic theory. Throughout, the authors present technical material clearly and accessibly, allowing you to develop a solid understanding of the global economy and how economists think about it.

Features:
* Revised and updated with current economic data
* Includes new material on key topics, including globalization, aid and debt relief, and transition economies
* Offers a unique blend of international perspective, technical detail, and real-world examples
* Presents a wide range of topics using extensive current and historical data
* Focuses on the international economy with an extensive analysis of exchange rates and global capital markets
* This text is particularly suited to students of business and economics, and more generally to those who want to understand macroeconomics, but are not aiming to become specialists.

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