This book is written for intermediate undergraduate students taking courses in macroeconomics or applied macroeconomics, either on its own or alongside a macroeconomic theory textbook. Keeping the theoretical content to a minimum in order to concentrate on interpreting empirical data relating to recent British experience, the book aims to bridge the gap between conventional macroeconomics textbooks and applied journal articles. After an introductory chapter on British economic performance, the book begins by discussing demand, looking at consumption and savings, investment, fiscal policy and international trade. This is followed by a consideration of the supply side issues of productivity and the labour market. Roger Backhouse then discusses the money supply, interest rates and exchange rates. The book concludes with a chapter on large-scale macroeconomic models and a discussion of recent macroeconomic performance and policy. The book is written in a clear readable style, making extensive use of tables and diagrams. Its relevance to current economic issues should ensure its adoption on a wide range of undergraduate courses in economics, business studies and commerce.
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