Bring the study of macroeconomics to life with acclaimed author Gregory Mankiw and New Zealand experts Debasis Bandyopadhyay and Paul Wooding. Macroeconomics principles are presented in the context of New Zealand's unique, fascinating small open economy. Financial sectors worldwide are facing challenging economic circumstances. The authors maintain a broad international perspective, and New Zealand local focus is provided through updated policy material and economic data. Students are encouraged to relate economic theory to their own experiences through case studies, examples and news articles. This new second edition includes ' Three new chapters examining consumers, producers and the efficiency of markets, the costs of taxation and international trade available online ' Updated chapter structure to help students focus on the core issues ' Analysis of recent global upheavals and New Zealand's response ' Expanded discussion on unemployment statistics and the problem of 'brain drain' ' Updated news articles highlighting current economic issues ' Unparalleled online student support including website with material to help learning for each chapter; and Search me! economics ' 24-hour access to journal articles, periodicals and news ' And much more This world-class learning package helps students absorb the theory, concepts and application of macroeconomics ' from a New Zealand perspective.