• A core that provides students with a unified view of macroeconomics; and
  
• Two major extensions that offer increased depth on the subject matter.

In the South African adaptation, fundamental theory has been left largely untouched and Chapters 2–3, 5, 7, 9–13, 17 and 19–21 display minor rework. Such minor changes are to be found in currency conversions, the use of relevant South African examples and statistics with limited analysis of new data.

Some chapters lend themselves more to application in the South African context and have been significantly adapted. These changes may include the integration of South African data followed by an analysis of the implications for the country and macroeconomic theory, updated economic data, new case studies and additional content relevant to the South African context. Chapters 1, 4–6, 8, 14–16, 18, 22–24 and 25 are examples of more extensive adaptation.

Other notable changes

• Seven new “Focus” boxes discuss new South African material, while six existing “Focus” boxes have been updated with South African material.
  
• Relevant examples help to make the theory more accessible. For example, the chapter on exchange rates is done from the perspective of the South African rand.
  
• Current data (with new graphs and tables) from Statistics South Africa, the South African Reserve Bank, the World Bank and the International Monetary Fund give a current perspective of the South African economy.
  
• Approximately 70 new key terms have been added to the comprehensive list of more than 460 terms in the US edition.
  
• Lecturers who prescribe this text can access not only the test bank of questions relevant to the SA economy, but also the test bank and instructor’s manual from the US edition, as well as PowerPoint slides of the main ideas in the book.

This eBook is in ePDF format, which enables you to:

• View the entire book offline on desktop or tablet;
  
• Search for and highlight text; and
  
• Add and edit personal notes directly in your eBook.