For intermediate economics courses.
Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.
From the major economic crisis to the budget deficits of the United States, the detailed boxes in this text have been updated to convey the life of macroeconomics today and reinforce the lessons from the models, making them more concrete and easier to grasp.
Table of Contents
Chapter 1. A Tour of the World
Chapter 2. A Tour of the Book
Chapter 3. The Goods Market
Chapter 4. Financial Markets
Chapter 5. Goods and Financial Markets: The IS-LM Model
Chapter 6. The Labor Market
Chapter 7 Putting All Markets Together: The AS/AD Model
Chapter 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation
Chapter 9. The Crisis
Chapter 10. The Facts of Growth
Chapter 11. Saving, Capital Accumulation, and Output
Chapter 12. Technological Progress and Growth
Chapter 13. Technological Progress. The Short, the Medium, and the Long Run
Chapter 14. Expectations: The Basic Tools
Chapter 15. Financial Markets and Expectations
Chapter 16. Expectations, Consumption, and Investment
Chapter 17. Expectations, Output, and Policy
Chapter 18. Openness in Goods and Financial Markets
Chapter 19. The Goods Market in an Open Economy
Chapter 20. Output, the Interest Rate, and the Exchange Rate
Chapter 21. Exchange Rate Regimes
Chapter 22. Should Policy Makers be Restrained?
Chapter 23. Fiscal Policy: A Summing Up
Chapter 24. Monetary Policy: A Summing Up
Chapter 25. Epilogue: The Story of Macroeconomics