This text is unique. It is the only text that provides a DGE approach to macroeconomics (which is the only really correct approach), while at the same time covering legacy theories (such as Keynesian IS-LM) and distinguishing between the two. This way the reader can understand the deficiencies in the legacy theories, which are still often used in undergraduate econ courses.
The text's treatment of government finances and fiscal policy is excellent. I have a lot of econ textbooks to compare with this text, and clearly this text has the clearest exposition.
The text's treatment of the open economy and nominal exchange rates is also quite good. Here again the contrast between the current models (IS-LM-BP, Mundell-Fleming) and DGE models is carried out well.
The treatment of money is very good as well. The treatment covers the cash-in-advance and shopping time models and shows how they come close to the Keynesian money demand function.
Finally, I like the level of mathematics used in the text. I like log-linear models, because they cut to the heart of the issue. Many of the models presented are converted over to log-linear, which aids in the intuition to be gained from the model.
I hope that Prof. Wickens receives compliments on his book, because I want him to continue to update the text.
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