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.

Hide more