Intermediate Macroeconomics, 1st Edition, Global Edition

Nicolas Vincent, HEC Montréal
Pierre Yared, Columbia Business School

An interactive, engaging, and relevant exploration of macroeconomics

Fueled by real-time data and immersive applications, Intermediate Macroeconomics engages students by focusing on the “big picture” of topics to set the stage for analysing real-world economic events.

Interactive graphs and models, along with current news-based videos and real data exercises, help students develop valuable skills in examining and understanding macroeconomics in the world today.

Features | About the authors | Table of contents

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Intermediate Macroeconomics, 1st Edition

Features

Dynamic content is designed for the way today's students read, think, and learn. Assessments in Revel® let instructors gauge student comprehension frequently, provide timely feedback, and address learning gaps along the way.

News-Based Videos clip example

News-Based Videos

Short news and policy videos emphasise current, relevant issues — preparing students to be informed citizens beyond the scope of your course.
Real-Time Data graph example

Real-Time Data

Time-series graphs reflect the latest data from the St. Louis Fed’s FRED™ site. Students can hover over data points to reveal more information and zoom in on time periods for further analysis.
Model Graphs graph example

Model Graphs

Step-by-step, interactive graphs walk users through a concept or problem. Students can use sliders to adjust variables and observe their impact.
A Global Perspective map example

A Global Perspective

World maps bring complex data to life and highlight regional trends — building students’ awareness of the interconnected world economy.

Thought-Provoking Examples written example

Thought-Provoking Examples

In Depth and In Practice boxes explore applications and economic research at a deeper level to aid in students’ understanding.

Practice and Assessment written example

Practice and Assessment

Concept Checks, Data-Based Real-World Exercises, and Homework Questions hold students accountable for reading and understanding the chapter content and interactive models.

About the authors

Nicolas Vincent

Full Professor of Economics, HEC Montréal

Nicolas Vincent is an Full Professor of Economics at HEC Montréal. He received his MA in economics from Queen’s University and a PhD in economics from Northwestern University. His main research interests are in macroeconomics and his work has been published in top economic journals such as the Quarterly Journal of Economics, Econometrica, and the Review of Economic Studies. He has also worked at the Department of Finance of Canada and the Bank of Canada. Professor Vincent teaches macroeconomics at both the undergraduate and graduate levels and has won many teaching awards over the years. He has been invited to teach in numerous business schools around the world and regularly appears as a guest speaker in corporate settings to discuss global economic trends and related topics.

Nicolas Vincent

Pierre Yared

MUTB Professor of International Business and Vice Dean for Executive Education, Columbia Business School

Pierre Yared is the MUTB Professor of International Business and Vice Dean for Executive Education at Columbia Business School. His research, which has been published in leading academic journals, focuses on macroeconomic policy, political economy, and growth. He is a research associate of the National Bureau of Economic Research and an associate editor of the American Economic Review. Yared teaches Global Economic Environment, a Core MBA course in macroeconomics for which he received the Dean’s Award for Teaching Excellence. He is a member of the Council on Foreign Relations and the Economic Club of New York. Yared received his AB in Economics from Harvard University and his PhD in Economics from Massachusetts Institute of Technology.

Michael Parkin

Table of contents

Part I: Introduction And Key Macroeconomic Concepts

1. Why Macroeconomics Matters
2. GDP and Prices
3. Labor Market Indicators

Part II: Economy In The Long Run

4. Engines of Growth: Capital, Workers, and Technology
5. Solow Model
6. Productivity
7. Labor Market Forces
8. Money

Part III: Business Cycles Analysis

9. Introduction to Business Cycles
10. Business Cycle Framework I: Aggregate Demand, Interest Rates, and Money
11. Business Cycle Framework II: Prices and Aggregate Demand over the Business Cycle

Part IV: Policy Over The Business Cycle

12. Monetary Policy
13. A Dynamic Macroeconomic Model
14. Countercyclical Fiscal Policy
15. Fiscal Policy and Government Debt in the Long Run

Part V: Macroeconomics And The Financial System

16. Financial Markets and Macroeconomics
17. Financial Crises

Part VI: Global Forces

18. Global Imbalances and World Interest Rates
19. Economic Policy with Open Borders

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