Macroeconomic Theory and Macroeconomic Pedagogy

"Macroeconomictheory has developed rapidly in the last two decades, butundergraduate teaching and textbooks have not kept up. This timelybook surveys approaches to improving pedagogy, focusing on a3-equation model that is similar in spirit to cutting-edge macrotheories but accessible to undergraduates. In addition to itstheoretical appeal, the model is better than traditional textbookmodels for analyzing real-world economic fluctuations."