The new seventh edition aims to teach students how economics really works in the world today. Maintaining its popular clear and unpretentious style, the new edition engages with the latest theoretical developments in economics. Its fresh new approach to modern macroeconomics reflects the latest shifts in monetary and fiscal policy in the UK, Europe and beyond.This authoritative textbook challenges the student to apply up-to-date economic theory to the real world, marrying authoritative insight with thought-provoking new boxes, current examples and stimulating questions, making economics relevant, exciting and accessible.