Macroeconomics, Global Edition, 9th edition

Published by Pearson (24 November 2025) © 2026

  • Olivier Blanchard
  • Alessia Amighini Bocconi University Milan, Italy
  • Francesco Giavazzi Bocconi University, Milan Italy
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Products list

Access details

  • Instant access once purchased
  • Offline access via app
Products list

Access details

  • Instant access once purchased
  • Offline access via app

Title overview

Macroeconomics, Global Edition provides a clear and integrated framework for understanding how modern economies function and respond to change. Using a global perspective, the text explores the interactions between goods, financial, and labour markets while helping students develop the analytical skills needed to interpret real-world economic events. From economic growth and inflation to unemployment, exchange rates, and government policy, students learn how macroeconomic forces shape businesses, governments, and societies around the world.

Combining economic theory with contemporary issues and practical applications, the text encourages students to think critically about the challenges facing today's economies. Real-world examples, engaging discussion features, and carefully developed models help students connect macroeconomic concepts to current events and policy debates. Covering short-run fluctuations, long-run growth, international economics, and macroeconomic policy, the text equips learners with a deeper understanding of the global economy and the tools economists use to analyse it.

Table of contents

  • PART I: INTRODUCTION
  • 1. A Tour of the World
  • 2. A Tour of the Book
  • PART II: THE SHORT RUN
  • 3. The Goods Market
  • 4. Financial Markets I
  • 5. Goods and Financial Markets; The IS-LM Model
  • 6. Financial Markets II
  • PART III: THE MEDIUM RUN
  • 7. The Labor Market
  • 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation
  • 9. Putting All Markets Together: From the Short to the Medium Run
  • PART IV: THE LONG RUN
  • 10. The Facts of Growth
  • 11. Saving, Capital Accumulation, and Output
  • 12. Technological Progress and Growth
  • 13. The Challenges of Growth
  • EXTENSIONS
  • PART V: EXPECTATIONS
  • 14. Financial Markets and Expectations
  • 15. Expectations, Consumption, and Investment
  • 16. Expectations, Output, and Policy
  • PART VI: THE OPEN ECONOMY
  • 17. Openness in Goods and Financial Markets
  • 18. The Goods Market in an Open Economy
  • 19. Output, the Interest Rate, and the Exchange Rate
  • 20. Exchange Rate Regimes
  • PART VII: BACK TO POLICY
  • 21. Should Policy Makers Be Restrained?
  • 22. Fiscal Policy: A Summing Up
  • 23. Monetary Policy: A Summing Up
  • 24. Epilogue: The Story of Macroeconomics

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