International Macroeconomics: Theory, Policy and Applications

This book provides a non-mathematical introduction to the macroeconomic analysis of both the open economy and the world economy. While it presumes some basic understanding of macroeconomics, it does not require any significant mathematical capability. The first part examines the macro theory of the open economy; the second part examines macroeconomic stabilization policy in the context of an open economy and the world economy; and the third part looks at various case studies or applications of the analysis introduced in the first two parts. It is suitable for first- or second-year undergraduates as well as being of interest to policy-makers.