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Dornbusch, Fischer, and Startz has been a long-standing, leading intermediate macroeconomic theory text since its introduction in 1978. This revision retains most of the text&#39s traditional features, including a middle-of-the-road approach and very current research, while updating and simplifying the exposition. A balanced approach explains both the potential and limitations of economic policy. Macroeconomics employs a model-based approach to macroeconomic analysis and demonstrates how various models are connected with the goal of giving students the capacity to analyze current economic issues in the context of an economic frame of reference. The only pre-requisite continues to be principles of economics.
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Product details

  • Hardback | 672 pages
  • 218 x 239 x 31mm | 1,136g
  • MCGRAW-HILL Professional
  • United States
  • English
  • 12th edition
  • 196 Illustrations, unspecified
  • 0078021839
  • 9780078021831
  • 2,255,595

Table of contents

Part 1 - Introduction and National Income Accounting Chapter 1 - Introduction Chapter 2 - National Income Accounting Part 2 - Growth, Aggregate Supply and Demand, and Policy Chapter 3 - Growth and Accumulation Chapter 4 - Growth and Policy Chapter 5 - Aggregate Supply and Demand Chapter 6 - Aggregate Supply and the Phillips CurveChapter 7 - Unemployment Chapter 8 - Inflation Chapter 9 - Policy Preview Part 3 - First Models Chapter 10 - Income and SpendingChapter 11 - Money, Interest, and IncomeChapter 12 - Monetary and Fiscal Policy Chapter 13 - International Linkages Part 4 - Behavioral Foundations Chapter 14 - Consumption and Saving Chapter 15 - Investment Spending Chapter 16 - The Demand for Money Chapter 17 - The Fed, Money, and Credit Chapter 18 - Policy Chapter 19 - Financial Markets and Asset Prices Chapter 20 - The National DebtPart 5 - Big Events, International Adjustments, and Advanced Topics Chapter 21 - Recession and Depression Chapter 22 - Inflation and HyperinflationChapter 23 - International Adjustment and InterdependenceChapter 24 - Advanced Topics
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About Rudiger Dornbusch

RUDI DORNBUSCH (1942-2002) was Ford Professor of Economics and International Management at MIT. He did his undergraduate work in Switzerland and held a PhD from the University of Chicago. He taught at Chicago, at Rochester, and from 1975 to 2002 at MIT. His research was primarily in international economics, with a major macroeconomic component. His special research interests included the behavior of exchange rates, high inflation and hyperinflation, and the problems and opportunities that high capital mobility pose for developing economies. He lectured extensively in Europe and in Latin America, where he took an active interest in problems of stabilization policy, and held visiting appointments in Brazil and Argentina. His writing includes Open Economy Macroeconomics and, with Stanley Fischer and Richard Schmalensee, Economics. STANLEY FISCHER is governor of the Bank of Israel. Previously he was vice chairman of Citigroup and president of Citigroup International, and from 1994 to 2002 he was first deputy managing director of the International Monetary Fund. He was an undergraduate at the London School of Economics and has a PhD from MIT. He taught at the University of Chicago while Rudi Dornbusch was a student there, starting a long friendship and collaboration. He was a member of the faculty of the MIT Economics Department from 1973 to 1998. From 1988 to 1990 he was chief economist at the World Bank. His main research interests are economic growth and development; international economics and macroeconomics, particularly inflation and its stabilization; and the economics of transition. Castor Professor of Economics at the University of Washington. He was an undergraduate at Yale University and received his Ph.D. from MIT, where he studied under Stanley Fischer and Rudi Dornbusch. He taught at the Wharton School of the University of Pennsylvania before moving on to the University of Washington, and he has taught, while on leave, at the University of California - San Diego, the Stanford Business School, and Princeton. His principal research areas are macroeconomics, econometrics, and the economics of race. In the area of macroeconomics, much of his work has concentrated on the microeconomic underpinnings of macroeconomic theory. His work on race is part of a long-standing collaboration with Shelly Lundberg.
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184 ratings
3.72 out of 5 stars
5 30% (56)
4 31% (57)
3 24% (45)
2 9% (16)
1 5% (10)
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