This new edition of Macroeconomics has been thoroughly revised and updated by respected author team Philip Bodman and Mark Crosby. The book maintains many of the bestselling features of its US counterpart, such as the focus on models and methodological frameworks for economic analysis, while including currently policy issues using a blend of theory and data, combined with new examples and real world material. Pedagigical features are significantly enhanced and material is presented in a clear and accessible manner. Two New Chapters In response to market feedback, two entirely new chapters have been added - Chapter 17 on Inflation and Chapter 18 on Unemployment. International Perspective This edition retains its international perspective with particular focus on the economies of Asia. Extensive analysis is given to the interactions and interdependencies of the Australian economy with those overseas. Additionally, two detailed chapters (Cahpters 10 and 11) are devoted to discussing international linkages. Models and Data Students are provided with a rich toolbox of simple models for analysing today's economic events. In addition to the already extensive examples and data, cutting-edge research has been included to add depth and breadth to their study.