The mathematical models used in the prevailing economics are based on assumptions that are largely detached from real economic policy actions. However, since practical skills in assessing economic situations and interests are crucial, Hans W. Möller emphasizes the analysis and answering of specific questions. In doing so, he incorporates the European dimension of economic policy following the introduction of the European Monetary Union, the European Central Bank, and the Euro. This textbook provides a practice-oriented introduction to the most important core issues of economic policy: - Boom and inflation - Stagnation and recession - Structural change and technological progress - Globalization and international interdependence. The author employs the case study methodology to facilitate effective learning through case analysis.