Macroeconomics, Global Edition

This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content which is especially relevant to students outside the United States.

For intermediate courses in economics.

A unified view of the latest macroeconomic events

In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling

students to see the connections between goods markets, financial markets, and labor markets

worldwide. Organized into two parts, the text contains a core section that focuses on short-,

medium-, and long-run markets and two major extensions that offer more in-depth coverage of

the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to

monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps

students make sense not only of current macroeconomic events but also of those that may

unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey

the life of macroeconomics today, reinforce lessons from the models, and help students employ

and develop their analytical and evaluative skills.

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A unified view of the latest macroeconomic events
In Macroeconomics, Blanchard presents an integrated, global view of macroeconomics, enabling students to see the connections between goods markets, financial markets, and labor markets worldwide. Organised into two parts, the text contains a core section that focuses on short-, medium-, and long-run markets and two major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis that engulfed the world in the late 2000s, to monetary policy in the US, to the problems of the Euro area, and growth in China, the text helps students make sense not only of current macroeconomic events but also of those that may unfold in the future. Integrated, detailed boxes in the 8th Edition have been updated to convey the life of macroeconomics today, reinforce lessons from the models, and help students employ and develop their analytical and evaluative skills.

PART I: INTRODUCTION

1. 1. A Tour of the World
2. 2. A Tour of the Book

PART II: THE SHORT RUN

1. 3. The Goods Market
2. 4. Financial Markets I
3. 5. Goods and Financial Markets; The IS-LM Model
4. 6. Financial Markets II

PART III: THE MEDIUM RUN

1. 7. The Labor Market
2. 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation
3. 9. Putting All Markets Together: From the Short to the Medium Run

PART IV: THE LONG RUN

1. 10. The Facts of Growth
2. 11. Saving, Capital Accumulation, and Output
3. 12. Technological Progress and Growth
4. 13. The Challenges of Growth
5. EXTENSIONS

PART V: EXPECTATIONS

1. 14. Financial Markets and Expectations
2. 15. Expectations, Consumption, and Investment
3. 16. Expectations, Output, and Policy

PART VI: THE OPEN ECONOMY

1. 17. Openness in Goods and Financial Markets
2. 18. The Goods Market in an Open Economy
3. 19. Output, the Interest Rate, and the Exchange Rate
4. 20. Exchange Rate Regimes

PART VII: BACK TO POLICY

1. 21. Should Policy Makers Be Restrained?
2. 22. Fiscal Policy: A Summing Up
3. 23. Monetary Policy: A Summing Up
4. 24. Epilogue: The Story of Macroeconomics

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