New textbook equips students to understand and evaluate macroeconomic policies effectively.
The textbook "Macroeconomics, 5th Edition" by Robert Barro explains how market-clearing models based on microeconomics can help us understand real-world economic issues and policies. It shows how a single framework can be used to analyze both short-term business fluctuations and long-term economic growth. The latest edition includes the most recent developments in economic growth, labor markets, public finance, and the relationship between nominal and real variables.