For intermediate courses in economics. A unified view of the latest macroeconomic eventsIn Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organized into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills.
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THE CORE PART 1: INTRODUCTION1. A Tour of the World2. A Tour of the Book PART 2: THE SHORT RUN3. The Goods Market4. Financial Markets I5. Goods and Financial Markets; The IS-LM Model6. Financial Markets II PART 3: THE MEDIUM RUN7. The Labor Market8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation9. Putting All Markets Together: From the Short to the Medium Run PART 4: THE LONG RUN10. The Facts of Growth11. Saving, Capital Accumulation, and Output12. Technological Progress and Growth13. The Challenges of Growth EXTENSIONS PART 5: EXPECTATIONS14. Financial Markets and Expectations15. Expectations, Consumption, and Investment16. Expectations, Output, and Policy PART 6: THE OPEN ECONOMY17. Openness in Goods and Financial Markets18. The Goods Market in an Open Economy19. Output, the Interest Rate, and the Exchange Rate20. Exchange Rate Regimes PART 7: BACK TO POLICY21. Should Policy Makers Be Restrained?22. Fiscal Policy: A Summing Up23. Monetary Policy: A Summing Up24. Epilogue: The Story of Macroeconomics
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New and updated features of this title Thoroughly updated references NEW: Ch. 13 discusses the relationship between growth and inequality, the challenges of climate change, and whether the intro of robots will lead to mass unemployment.REVISED: Ch. 8 looks at the Phillips curve as it relates to inflation and unemployment.REVISED: Ch. 9 examines how changes in the Phillips curve relation have led to changes in monetary policy.NEW: Appendix in Ch. 1 gives students a sense of what careers they can pursue if they were to specialize in macroeconomics.UPDATED: Figures and tables showcase the latest data, bringing currency into your classroom. An understanding of economics in the real world NEW and UPDATED: Focus boxes discuss particular macroeconomic events or facts. Notable updates include Will Bitcoins Replace Dollars? (Ch. 4), From Henry Ford to Jeff Bezos (Ch. 7), Nudging US Households to Save More (Ch. 11), What Lies Behind Chinese Growth? (Ch. 12), and US Trade Deficits and Trump Administration Tariffs (Ch. 19).
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Produktdetaljer

ISBN
9780134897899
Publisert
2020-03-06
Utgave
8. utgave
Utgiver
Vendor
Pearson
Aldersnivå
U, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
576

Forfatter

Biographical note

About our author

Olivier Blanchard. A citizen of France, Olivier Blanchard has spent most of his professional life in Cambridge, Massachusetts. After obtaining his PhD in economics at the Massachusetts Institute of Technology in 1977, he taught at Harvard University, returning to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to be the Economic Counsellor and Director of the Research Department of the International Monetary Fund. Since October 2015, he is the Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, in Washington. He also remains Robert M. Solow Professor of Economics emeritus.

He has worked on a wide set of macroeconomic issues, from the role of monetary policy, to the nature of speculative bubbles, to the nature of the labor market and the determinants of unemployment, to transition in former communist countries, and to forces behind the recent global crisis. In the process, he has worked with numerous countries and international organizations. Blanchard is the author of many books and articles, including a graduate level textbook with Stanley Fischer.

Blanchard is a past editor of the Quarterly Journal of Economics, of the NBER Macroeconomics Annual, and founding editor of the AEJ Macroeconomics. He is a fellow and past council member of the Econometric Society, a past vice president of the American Economic Association, and a member of the American Academy of Sciences.