Summary

Built on the premise that undergraduate intermediate macroeconomics should be taught similarly to how modern macroeconomics research and graduate teaching are done, this book presents a modern approach to macroeconomics, built up from microeconomic principles. The approach to macroeconomics is designed not to be biased toward any particular school of thought. The focus is on the market clearing approach, but with a more central treatment of Keynesian analysis. For those who don't think Keynesian approaches satisfactory, they can be omitted without loss of continuity.