This book is aimed at first year undergraduates of economics in the UK and in Europe, and undergraduates pursuing a two semester/year-long course in economics of a similar level. This is the first European adaptation of the successful US text, combining the student friendly writing style of the US original with a genuinely European perspective, comprising all major European countries. Packed with many real world examples, key macroeconomic data are included for most European countries. The authors stimulate student interest with carefully selected Global Perspective boxes, presenting examples from around the world, and Applications boxes which apply the theory learned to real life events and situations.