Macroeconomics and Active Graphs CD Package

Macroeconomics and Active Graphs CD Package : International Edition

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For courses in Intermediate Macroeconomics or MBA level Macroeconomics for Managers.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 then 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 through most chapters. The book is known for its global emphasis and empirical applications. The Third Edition has simplified many of the more difficult topics. Theoretical material is always presented in three ways: in words, in graphs, and with more

Product details

  • Mixed media product | 615 pages
  • 203 x 251 x 25mm | 1,140g
  • Pearson Education (US)
  • Pearson
  • United States
  • 3rd edition
  • 0131204475
  • 9780131204478

About Olivier Blanchard

Olivier Blanchard is the Class of 1941 Professor of Economics at MIT. He is also Chairman of the Department of Economics at MIT. He did his undergraduate work in France, and received a Ph.D. in economics from MIT in 1977. He taught at Harvard from 1977 to 1982, and has taught at MIT since 1983. He has frequently received the award for best teacher in the department of economics. He has done research on many macroeconomic issues, from the effects of fiscal policy, to the role of expectations, to price rigidities, to speculative bubbles, to unemployment in Western Europe, and more recently transition in Eastern Europe. He has done work for many governments and many international organizations, including the World Bank, the IMF, the OECD, the EU Commission, and the EBRD. He has published over 150 articles and edited or written over 15 books, including Lectures on Macroeconomics with Stanley Fischer. He is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past Vice President of the American Economic Association. He is also a member of the French Council of Economic Advisers. He lives in Cambridge, with his wife, Noelle. He has three daughters, Marie, Serena, and more

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: An Introduction to Econometrics. Glossary. more