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Macroeconomics and Active Graphs CD Package / Edition 3
     

Macroeconomics and Active Graphs CD Package / Edition 3

by Olivier Blanchard
 

ISBN-10: 0131462253

ISBN-13: 9780131462250

Pub. Date: 11/13/2002

Publisher: Pearson Education

The fundamental goals of this text are to provide an integrated view of macroeconomics and to make close contact with current macroeconomic events. This Intermediate Macroeconomics text is organized around a set of core chapters followed by three optional extensions. The Core covers the Short Run, Medium Run, and Long Run and is then followed by the three

Overview

The fundamental goals of this text are to provide an integrated view of macroeconomics and to make close contact with current macroeconomic events. This Intermediate Macroeconomics text is organized around a set of core chapters followed by three optional extensions. The Core covers the Short Run, Medium Run, and Long Run and is then followed by the three Extensions: Openness, Expectations, and Pathologies. The book concludes with a section on policy, although policy issues are also sprinkled throughout most chapters. Already known for its global emphasis and empirical applications of theory, the third edition has attempted to simplify many of the more difficult topics in macroeconomics. Theoretical material is always presented within the context of a real-world application in three ways: words, graphs, and with algebra.

Highlights of the New Edition

  • New Chapters
    • Chapter 21 , Exchange Rate Regimes, focuses on the implications of different exchange rate regimes.
    • Chapter 32, Slumps and Depressions, examines the economic slump in Japan.
  • Real Word Issues Addressed—Blanchard makes sure never to present a theoretical result without relating it to the real world. In addition to discussions of facts in the text itself, there are numerous Focus boxes, which discuss particular macroeconomic events or facts, from both the United States and around the world.
  • Updated Material Throughout—Information on the New Economy, the effects of 9/11 on consumption, the Bush tax cut, an in-depth treatment of the slump in Japan, plus much more, gives students an awareness and understanding of the role current events play inmacroeconomics.
  • One Integrative, Underlying Model Throughout—Concentrates on the implications of equilibrium conditions in three sets of markets: goods, financial, and labor. Depending on the issue at hand, the parts of the model are developed in more detail while others are simplified or left in the background. This enables students to see macroeconomics as a coherent whole, not as a collection of random models.
  • Highlights the Application of Theory—Explains what is happening around the world, from the introduction of a new currency in Western Europe to the reduction of budget deficits in the United States. This conveys to students the fun of macroeconomics and reinforces the lessons from the model, making them more concrete and easier to grasp.
  • FREE Active Graph CD-ROM—Allows students to manipulate and interact with key graphs and learn hands-on about Macroeconomics.

Product Details

ISBN-13:
9780131462250
Publisher:
Pearson Education
Publication date:
11/13/2002
Edition description:
Third Edition, Package
Pages:
400
Product dimensions:
8.20(w) x 10.22(h) x 1.11(d)

Table of Contents

INTRODUCTION.

1. A Tour of the World.
2. A Tour of the Book.

THE CORE.

The Short Run.

3. The Goods Market.
4. Financial Markets.
5. Goods and Financial Markets: The IS-LM Model.

The Medium Run.

6. The Labor Market.
7. Putting All Markets Together: The AS-AD Model.
8. The Natural Rate of Unemployment and The Phillips Curve.
9. Inflation, Activity, and Money Growth.

The Long Run.

10. The Facts of Growth.
11. Saving, Capital Accumulation, and Output.
12. Technological Progress and Growth.
13. Technological Progress, Wages, and Unemployment.

Expectations.

14. Expectations: The Basic Tools.
15. Financial Markets and Expectations.
16. Expectations, Consumption, and Investment.
17. Expectations, Output, and Policy.

The Open Economy.

18. Openness in Goods and Financial Markets.
19. The Goods Market in an Open Economy.
20. Output, the Interest Rate, and the Exchange Rate.
21. Exchange Rate Regimes.

Pathologies.

22. Slumps and Depressions.
23. High Inflation.

BACK TO POLICY.

24. Should Policy Makers Be Restrained?
25. Monetary Policy: A Summing Up.
26. Fiscal Policy: A Summing Up.

Epilogue.

27. The Story of Macroeconomics.

APPENDICES.

Appendix 1: An Introduction to National Income and Product Accounts.
Appendix 2: A Math Refresher.
Appendix 3: AnIntroduction to Econometrics.
Glossary.
Index.

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