Macroeconomics in the Global Economy

By Felipe Larraín B. and Jeffrey D. Sachs

This textbook is written for the core intermediate macroeconomics course which forms an essential part of all economics degrees. The authors reflect the continually changing debate in macroeconomics by stressing the great variety of possible macroeconomic outcomes, rather than a single theory. More importantly the book reflects a new revolution in macroeconomics that an open economy approach is essential to the study of the subject. The previously ascendant closed economy approaches have ignored the fact that, for many countries, trade and capital flows between countries are a dominant, if not the dominant influence on the national economy.

https://www.pearson.com/us/higher-education/program/Sachs-Macroeconomics-in-the-Global-Economy/PGM2797990.html