Macroeconomics, 8th Edition

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About the book

Thoroughly updated references and trusted content from a renowned author keeps the text relevant

• Distinguished authorship. Olivier Blanchard is one of Pearson’s most notable economics authors and brings his years of experience and research of macroeconomic issues, including his time as the chief economist at the International Monetary Fund, to the text.
• Comprehensive coverage of current macroeconomic events are integrated into every chapter of the book. Notable updates include:
• NEW - Chapter 13 “The Challenges of Growth” discusses the relationship between growth and inequality, the challenges of climate change, and whether the introduction of robots will lead to mass unemployment.
• REVISED - Chapter 8 “The Phillips Curve, the Natural Rate of Unemployment, and Inflation” looks at the Phillips curve as it relates to inflation and unemployment (vs. a change between the two).
• REVISED - Chapter 9 “Putting All Markets Together: From the Short to the Medium Run” examines how changes in the Phillips curve relation have led to changes in monetary policy.
• NEW - A new appendix in Chapter 1 titled “What Do Macroeconomists Do?” gives students a sense of what careers they can pursue if they were to specialize in macroeconomics.
• UPDATED - Figures and tables showcase the latest data available, bringing currency into your classroom. 

Student-focused features facilitate learning

• NEW and UPDATED - Focus boxes discuss particular macroeconomic events or facts, showing students how they can use what they’ve learned to get an understanding of economics in the real world. Notable updates include:
• NEW - Will Bitcoins Replace Dollars?  (chapter 4)
• UPDATED - From Henry Ford to Jeff Bezos (chapter 7)
• NEW - Nudging US Households to Save More (chapter 11)
• UPDATED - What Lies Behind Chinese Growth? (chapter 12)
• UPDATED - Uncertainty and Fluctuations (chapter 16)
• NEW - US Trade Deficits and Trump Administration Trump Tariffs (chapter 19)
• Margin notes create a dialogue with the reader, making the more difficult passages easier to comprehend, and giving students a deeper understanding of the concepts and the results derived along the way.
• Short appendixes to some chapters expand on points made within the chapter for students who want to further explore macroeconomics.
• Further Readings sections direct students to alternative sources of macroeconomic information.
• End-of-chapter sections, consisting of a chapter summary, list of key terms, exercises, and list of symbols, ensure the material in the chapter has been digested.

A flexible organization lets instructors tailor the material to fit how they teach their course

• Short, flexible chapters provide plenty of opportunity for alternative course organization. A flowchart also makes it easy to see how the chapters are organized and fit within the book’s overall structure. 
• Material is organized around 2 parts: the core (chapters 3-13), which focus on the short-, medium-, and long-run markets; and a set of 2 major extensions (chapters 14-20), which provide more detailed examination of the issues at hand. An intro to macroeconomics precedes the core (chapters 1-2), while the  extensions are followed by a review of the role of policy (chapters 21-23).

Reach every student with MyLab

• Teach your course your way: Your course is unique. So whether you’d like to build your own assignments, teach multiple sections, or set prerequisites, MyLab gives you the flexibility to easily create your course to fit your needs.
• Pearson eText is a simple-to-use, personalized reading experience available within MyLab. Students can use their computer or the mobile app to easily highlight and take notes all in one place -- even when offline. You can also share your own notes with students so they see the connection between their reading and what they learn in class.

• Empower each learner: Each student learns at a different pace. Personalized learning pinpoints the precise areas where each student needs practice, giving all students the support they need -- when and where they need it -- to be successful.
• Dynamic Study Modules use the latest developments in cognitive science and help students study chapter topics by adapting to their performance in real time.
• Digital Interactives are dynamic and engaging assessment activities that promote critical thinking and the application of key economic principles. Many Digital Interactives also include real-time data from the Federal Reserve’s Economic Data (FRED™), allowing professors and students to display up-to-the-minute data in key areas. Digital Interactives can be assigned and graded within MyLab Economics, or used as a lecture tool to encourage engagement and classroom conversation.
• Deliver trusted content: You deserve teaching materials that meet your own high standards for your course. That’s why we partner with highly respected authors to develop interactive content and course-specific resources that you can trust -- and that keep your students engaged. 
• Improve student results: When you teach with MyLab, student performance often improves. That’s why instructors have chosen MyLab for over 15 years, touching the lives of over 50 million students.