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Robert Barro's Macroeconomics has become the classic textbookpresentation of the equilibrium approach to macroeconomics. In its first foureditions, this book has shown undergraduates how market-clearing models with strongmicroeconomic foundations can be used to understand real-world phenomena and toevaluate alternative macroeconomic policies. Moreover, a single, unified frameworkworks as well for short-term business fluctuation as for long-term economicgrowth.This latest edition includes the most recent theoretical and empiricaldevelopments in economic growth, recent evidence on the macroeconomics of labormarkets and public finance, and up-to-date results on the interplay between nominaland real variables.