Macroeconomics, 4th edition

Published by Pearson (December 17, 2021) © 2014

  • Olivier Blanchard
  • Jeffrey Sheen Macquarie University
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Real macroeconomic events connected to the theory

This edition of Blanchard's respected Macroeconomics text has been substantially revised to account for the impact of the GFC on the Australasian Economy and the many issues it raises. Thus, in addition to a first discussion of the crisis in Chapter 1 and numerous boxes and discussions throughout the book, we have brought forward the chapter on the GFC to Chapter 9.

Macroeconomics is the only intermediate resource with a truly Australasian focus, demonstrating economic ideas and issues with hundreds of local and international examples. This comprehensive resource presents an integrated view of macroeconomics, drawing on the implications of equilibrium conditions in three sets of markets: the goods market, the financial markets and the labour market.

Samples

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Preview pages from Macroeconomics >

  • Introduction
  • 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 Labour 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
  • 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
  • Appendix 1 An Introduction to National Income and Product Accounts
  • Appendix 2 A Maths Refresher
  • Appendix 3 An Introduction to Econometrics

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