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Macroeconomics, 5/E
Olivier Blanchard

ISBN-10: 0132078295
ISBN-13:  9780132078290

Publisher:  Prentice Hall
Copyright:  2009
Format:  Cloth; 656 pp
Published:  05/16/2008


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Description

For intermediate economics courses.

 

Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.


Features

For intermediate economics courses.

 

Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.

 

Distinguished Authorship

 

Olivier Blanchard is one of Prentice Hall’s most notable economics authors. After graduating with his Ph.D. in economics from MIT, he taught at Harvard and MIT as a Professor of Economics.  Blanchard has researched many macroeconomic issues, from the effects of fiscal policy, to the role of expectations, to price rigidities, and more recently, on labor market institutions.  He has work for many governments, international organizations, and he has written over 150 articles and 15 books.

In addition, Professor Blanchard is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past vice president of the American Economic Association.

 

The Core

 

The book is organized in a flexible manner around two central parts: A core and a set of three major extensions.

 

  • The Core - Provides students with a unified view of macroeconomics. 
  • The Extensions — Offers increased depth on the subject matter.  A flowchart on the front endpaper makes it easy to see how the chapters are organized, and fit within the book’s overall structure.

Current Events

Current macroeconomic events are integrated into each chapter of the book within the text and detailed boxes. Each box shows students how they can use what they’ve learned to get an understanding of economics in the real-world.

 

Implications of Equilibrium

 

Blanchard offers a underlying model that draws the implications of equilibrium in three sets of markets: the goods market, the financial markets and the labor market.

 

OTHER TOPICS OF DISTINCTION

 

* There is a new emphasis on emerging economies, especially much more coverage on China and Asian economics.

 

* There is now more updated information on the current US deficit, oil prices (chapter 7), interest rate rules and alternative interpretations of the LM relation.


New To This Edition

For intermediate economics courses.

 

Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.

 

Distinguished Authorship

 

Olivier Blanchard is one of Prentice Hall’s most notable economics authors. After graduating with his Ph.D. in economics from MIT, he taught at Harvard and MIT as a Professor of Economics.  Blanchard has researched many macroeconomic issues, from the effects of fiscal policy, to the role of expectations, to price rigidities, and more recently, on labor market institutions.  He has work for many governments, international organizations, and he has written over 150 articles and 15 books.

In addition, Professor Blanchard is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past vice president of the American Economic Association.

 

The Core

 

The book is organized in a flexible manner around two central parts: A core and a set of three major extensions.

 

  • The Core - Provides students with a unified view of macroeconomics. 
  • The Extensions — Offers increased depth on the subject matter.  A flowchart on the front endpaper makes it easy to see how the chapters are organized, and fit within the book’s overall structure.

Current Events

Current macroeconomic events are integrated into each chapter of the book within the text and detailed boxes. Each box shows students how they can use what they’ve learned to get an understanding of economics in the real-world.

 

Implications of Equilibrium

 

Blanchard offers a underlying model that draws the implications of equilibrium in three sets of markets: the goods market, the financial markets and the labor market.

 

OTHER TOPICS OF DISTINCTION

 

* There is a new emphasis on emerging economies, especially much more coverage on China and Asian economics.

 

* There is now more updated information on the current US deficit, oil prices (chapter 7), interest rate rules and alternative interpretations of the LM relation.


Table of Contents

INTRODUCTION

Chapter 1.                 A Tour of the World

Chapter 2.                 A Tour of the Book

THE CORE

THE SHORT RUN

Chapter 3.                 The Goods Market

Chapter 4.                 Financial Markets

Chapter 5.                 Goods and Financial Markets: The IS-LM Model

THE MEDIUM RUN

Chapter 6.                 The Labor Market

Chapter 7.                 Putting All Markets Together. The AS-AD Model.

Chapter 8.                 The Natural Rate of Unemployment and The Phillips Curve

Chapter 9.                 Inflation, Activity, and Nominal Money Growth

THE LONG RUN

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.

EXTENSIONS

EXPECTATIONS

Chapter 14.              Expectations: The Basic Tools

Chapter 15.              Financial Markets and Expectations

Chapter 16.              Expectations, Consumption, and Investment

Chapter 17.              Expectations, Output, and Policy

THE OPEN ECONOMY

Chapter 18.              Openness in Goods and Financial Markets

Chapter 19.              The Goods Market in an Open Economy

Chapter 20.              Output, the Interest Rate, and the Exchange Rate

Chapter 21.              Exchange Rate Regimes

PATHOLOGIES

Chapter 22.              Depressions and Slumps

Chapter 23.              High Inflation

BACK TO POLICY

Chapter 24.              Should Policy Makers Be Restrained?

Chapter 25.              Monetary Policy: A Summing Up

Chapter 26.              Fiscal Policy: A Summing Up

EPILOGUE

Chapter 27.              Epilogue: The Story of Macroeconomics

Appendix 1.      An Introduction to National Income and Product Accounts

Appendix 2.      A Math Refresher

Appendix 3.      An Introduction to Econometrics

Glossary.

Index.


Next Edition(s)

  • Macroeconomics Updated, 5/E
    Blanchard
    ©2011  |  Prentice Hall  |  Cloth; 672 pp  |  Instock
    ISBN-10: 0132159864  |  ISBN-13: 9780132159869
    Brief Description  |  More Info



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In this section:


Author Bios

Olivier Blanchard is one of Prentice Hall’s most notable economics authors. After graduating with his Ph.D. in economics from MIT, he taught at Harvard and MIT as a Professor of Economics.  Blanchard has researched many macroeconomic issues, from the effects of fiscal policy, to the role of expectations, to price rigidities, and more recently, on labor market institutions.  He has work for many governments, international organizations, and he has written over 150 articles and 15 books.

In addition, Professor Blanchard is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past vice president of the American Economic Association.

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Instructor's Manual (Download only) for Macroeconomics, 5/E
Blanchard
©2009  |  Prentice Hall  |  On-line Supplement; 300 pp  |  Live
ISBN-10: 0132078309  |  ISBN-13: 9780132078306

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PowerPoint Presentation (Download only) for Macroeconomics, 5/E
Blanchard
©2009  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 013207835X  |  ISBN-13: 9780132078351

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Test Item File (Download only) for Macroeconomics, 5/E
Blanchard
©2009  |  Prentice Hall  |  On-line Supplement; 200 pp  |  Live
ISBN-10: 0132078317  |  ISBN-13: 9780132078313

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TestGen® Computerized Test Bank for Macroeconomics, 5/E
Blanchard
©2009  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0132078325  |  ISBN-13: 9780132078320

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Exam Copy for Macroeconomics, 5/E
Blanchard
©2009  |  Prentice Hall  |  Cloth  |  Instock
ISBN-10: 0132078732  |  ISBN-13: 9780132078733
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Student resources

Study Guide for Macroeconomics, 5/E
Findlay & Blanchard
©2009  |  Prentice Hall  |  Paper; 460 pp  |  Instock
ISBN-10: 0132078333  |  ISBN-13: 9780132078337
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    ©2012  |  Prentice Hall  |  On-line Supplement  |  Live
    ISBN-10: 0136096557  |  ISBN-13: 9780136096559
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