By complementing the basic textbook, this exercises book provides a rich set of multiple choice tests and answers. Based on 20 chapters, a detailed and easily accessible step-by-step review of the underlying macroeconomic concepts (as outlined in the basic textbook) is developed. A set of answers at the very end of the exercises book supplements the lessons.

About the author

Dieter Gerdesmeier holds a diploma in business and economics from the University of Basel (CH) and was awarded a doctorate in economics. Having worked for the Deutsche Bundesbank in the past, Dieter Gerdesmeier is now working for the European Central Bank and for the Frankfurt School of Finance and Management. His lectures comprise monetary theory and policy, macroeconomics and the empirics of financial markets.

1. Introduction 
   
2. Understanding economics 
   
3. A look into the toolbox 
   
4. National income accounting 
   
5. The market for goods 
   
6. The money market 
   
7. The IS-LM model 
   
8. The labour market 
   
9. Aggregate supply and demand 
   
10. A closer look at consumption 
    
11. A closer look at investment 
    
12. A closer look at fiscal policy 
    
13. A closer look at money demand 
    
14. The European Union and the euro area 
    
15. Business cycle fluctuations 
    
16. Unemployment 
    
17. Prices and inflation 
    
18. Exchange rates 
    
19. Monetary theory 
    
20. Monetary policy 
    
21. Conventional and unconventional monetary policy 
    
22. Open economy issues 
    
23. Growth theory 
    
24. Solutions