Macroeconomics is concerned with the economy as a whole. In macroeconomics- we develop an overall view of the economic system and we study total (or aggregate) economic behaviour. The emphasis is on topics such as total production- income and expenditure- economic growth- aggregate unemployment- the general price level- inflation and the balance of payments. Macroeconomics is therefore the world of totals. Understanding macroeconomics is a comprehensive introduction to macroeconomics- set against a contemporary South African background. The easy style and many practical examples make the content extremely accessible. The book covers all the material usually prescribed for introductory courses- and it lays a solid foundation for intermediate and advanced studies in economics. The emphasis is on the application of economic theory. A wealth of relevant information about the South African economy is also provided. A companion to this book- Understanding microeconomics- is also available.