Praised for its lively and engaging writing style, the 2nd edition of this truly European intermediate-level Macroeconomics text has been updated to include recent developments in the world of European Business. The author covers macroeconomic theory and uniquely applies it to issues affecting the European Union, whilst staying true to its rigorous policy-orientated appeal. This makes the text an ideal choice for all students wishing to expand their knowledge and challenge their understanding. The author is Professor of Economics at the University of St Gallen, Switzerland.