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Macroeconomics, 7th edition

  • Olivier Blanchard

Published by Pearson (May 19th 2016) - Copyright © 2017

7th edition

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Overview

The authors of Macroeconomics, Hubbard and O’Brien help foster interest in the discipline’s concepts, and make the key principles of this topic relevant to students’ lives by demonstrating how real businesses use macroeconomics to make decisions every day. With ever-changing US and world economies, the 7th Edition has been updated with the latest developments using new real-world business and policy examples. Regardless of their future career path — opening an art studio, trading on Wall Street, or bartending at the local pub — students will benefit from understanding the macroeconomic forces behind their work.

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Table of contents

THE CORE

 

Introduction

1. A Tour of the World  

2. A Tour of the Book

 

The Short Run  

3. The Goods Market  

4. Financial Markets I

5. Goods and Financial Markets; The IS-LM Model

6. Financial Markets II

 

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

 

The Long Run

10. The Facts of Growth

11. Saving, Capital Accumulation, and Output

12. Technological Progress and Growth

13. Technological Progress: The Short, the Medium, and the Long Runs

 

EXTENSIONS

 

Expectations

14. Financial Markets and Expectations

15. Expectations, Consumption, and Investment

16. Expectations, Output, and Policy

 

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

 

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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