- Macroeconomics Updated, 5/E
- ISBN-10: 0132159864 • ISBN-13: 9780132159869
- ©2011 • Prentice Hall • Cloth, 672 pp
- Published 04/07/2010
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 book is organized in a flexible manner around two central parts: A core and a set of three major extensions.
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.
New To This Edition
New Chapter 28 on the Global Crisis—The added chapter on the global crisis, which you will find at the end of the book, gives a narrative of the crisis and the major events to date. It uses tools introduced in the book to explain what has happened. While this chapter builds on many parts of the book, all you need to understand most of it is the first five chapters. This additional chapter also includes new end-of-chapter questions.
Updated Instructor’s Manual, Test Item File, and PowerPoints—The Instructor’s Manual, written by Mark Moore of the University of California-Irvine, has been updated. So have the Test Item File, written by David Findlay of Colby College, and the PowerPoints, written by Fernando Quijano of Dickinson State University.
MyEconLab—The Updated Fifth Edition is now supported by MyEconLab.
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