xix, 597 pages : 26 cm "A revised and updated edition of a very successful macroeconomics textbook. The authors 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"-- Revised edition of: Macroeconomics and the global business environment / David Miles, Andrew Scott. 2nd ed Includes bibliographical references and index Machine generated contents note: Introduction -- 1. What is Macroeconomics? 2. The Language of Macroeconomics: The National Income Accounts -- Economic Growth and the Supply side. 3. The Wealth of Nations - the Supply Side. 4. Capital Accumulation and Economic Growth. 5. Total Factor Productivity, Human Capital, and Technology. 6. Endogenous Growth and Convergence. 7. Unemployment and the Labor Market. 8. International Trade. 9. Globalization. -- Business Cycles and Economic Policy -- 10. Consumption and Investment 11. Business Cycles 12. Money and Prices 13. Monetary Policy 14. Fiscal policy and the Role of the Government 15. Stabilization Policy 16. Financial Markets: Equities and Bonds 17. The Banking Sector 18. Sovereign Debt and Default -- Exchange Rates and Global Capital Markets 19. Exchange rate determination: the real exchange reate 20. Exchange rate determination: nominal exchange rates and asset markets 21. Currency Crises and Exchange Rate Systems