This book lays out the principles of macroeconomics in a manner that is thorough, up to date, and relevant to students. With a clear presentation of economic theory throughout, this latest addition to the bestselling 'In Context' set of textbooks is written with a specific focus on European data, institutions and historical events, offering engaging treatment of high-interest topics, including sustainability, Brexit, the Euro crisis and rising inequality. Policy issues are presented in context (historical, institutional, social, political, and ethical), and always with reference to human well-being. Visit www.gdae.org/europeanmacro/ for online resources for both lecturers and students.