The seventh edition of Lipsey combines the features that have made it a student favourite for three decades with innovations in content and layout, taking it to the leading edge in economics teaching. The book continues to provide full explanations of all major points of theory and to introduce the student to important criticisms of standard economic theory. At the same time, its structure, chapter sequence and content have been radically altered, with the micro and macroeconomics of every chapter updated to include the most recent developments.