"..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.." (Management Today, December 2001)

"..an original and interesting macroeconomics text. It is a self?contained volume which any student and teacher of economics within the higher education sector will find extremely useful..." (Economic Outlook and Business Review, March 2002)

"..an original and interesting macroeconomics text. It is a self-contained volume which any student and teacher of economics within the higher education sector will find extremely useful..."

Revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real?world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it. This new edition has been completely revised and updated with current data, and features new material on key topics including globalization, aid and debt relief, and transition economies.

Management Today, December 2001
"..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.." 

Economic Outlook and Business Review, Issue 17, Vol 1, March 2002
"..an original and interesting macroeconomics text. It is a self?contained volume which any student and teacher of economics within the higher education sector will find extremely useful..."

This is a revised and updated edition of a very successful macroeconomics textbook. Miles and Scott deal with sophisticated issues using advanced economic theory, but in a manner that is accessible to anyone taking a single course in macroeconomics. They begin with real world economic issues, and describe why these matter, before embarking on economic theory, ensuring that readers emerge with a good practical understanding of the global economy and how economists think about it. This new edition has been completely revised and updated with current data, and features new material on key topics including globalization, aid and debt relief, and transition economies. "Management Today", December 2001 - "..a much needed textbook to help them stay interested...a great way to get serious about economics without losing yourself in equations.." "Economic Outlook and Business Review, Issue 17, Vol 1, March 2002" - "..an original and interesting macroeconomics text. It is a self contained volume which any student and teacher of economics within the higher education sector will find extremely useful...".

Why is the standard of living in some countries so much higher than in others?  Why does money sometimes flow in and out of a country so rapidly leaving the exchange rate trailing in its wake?  When, if ever, should governments borrow to finance spending?  Why does the stock market fluctuate so much and what is its connection with interest rates?

Written with a strong global business focus, Miles and Scott?s Macroeconomics: Understanding the Wealth of Nations, Second Edition examines fascinating real?world economic issues, shows why these issues matter, and uses them as an entry point into advanced economic theory.  Throughout, the authors present technical material clearly and accessibly, allowing you to develop a solid understanding of the global economy and how economists think about it.

Features:

• Revised and updated with current economic data
• Includes new material on key topics, including globalization, aid and debt relief, and transition economies
• Offers a unique blend of international perspective, technical detail, and real?world examples
• Presents a wide range of topics using extensive current and historical data
• Focuses on the international economy with an extensive analysis of exchange rates and global capital markets
• This text is particularly suited to students of business and economics, and more generally to those who want to understand macroeconomics, but are not aiming to become specialists.

2003-09-09 a non technical introduction to macroeconomics

Macro textbooks tend to run in 2 flavours: 1). the highly technical and mathematical, where for most students the effort to read the book obscures the actual learning 2). the trivial and simplistic. This book by Miles and Scott manages to avoid either pitfall. Mathematics is kept to a minimum (there is no differential calculus in the main body of the text) and the focus is on logical analysis and presentation of data.

The book manages to be straightforward without being simplistic. Very few economics textbooks, in my experience, manage that trick.

The macroeconomics covered is very up to date: the latest debates on economic growth theory, the 'productivity revolution' of the US in the late 1990s, etc.

One small niggle: the data (a huge feature of the book is a vast amount of relevant and up to date data) is not always consistently presented for each country. So we may know Canada's technology expenditure as a per cent. of GDP on one page, but not its technology and a per cent. of investment on the next table. This can make it slightly frustrating to read.

All in all this is a very worthy book and a great introduction to macroeconomics for someone who is interested in the subject, but not necessarily mathematically oriented.

(I am selling my spare copy so not just trying to enhance the sale value!)