Macroeconomics, 7th Edition

For intermediate courses in economics.

A Unified View of the Latest Macroeconomic Events

In Macroeconomics, Blanchard presents a unified, global view of macroeconomics, enabling readers to see the connections between goods, 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 three major extensions that offer more in-depth coverage of the issues at hand. From the major economic crisis and monetary policy in the United States, to the problems of the Euro area and growth in China, the text helps readers make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the Seventh Edition have been updated to convey the life of macroeconomics today; reinforce lessons from the models; and help readers employ and develop their analytical and evaluative skills.

Also Available with MyEconLab ^®

MyEconLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts.

Note: You are purchasing a standalone product; MyEconLab does not come packaged with this content. Students, if interested in purchasing this title with MyEconLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information.

If you would like to purchase both the physical text and MyEconLab, search for:

0134472543 / 9780134472546 Macroeconomics Plus MyEconLab with Pearson eText — Access Card Package

Package consists of:

• 0133780589 / 9780133780581 Macroeconomics
• 0133860930 / 9780133860931 MyEconLab with Pearson eText — Access Card — for Macroeconomics

Table of Contents

Part 1 The Core: Introduction
Chapter 1: A Tour of the World
Chapter 2: A Tour of the Book

Part 2 The Core: The Short Run
Chapter 3: The Goods Market
Chapter 4: Financial Markets I
Chapter 5: Goods and Financial Markets; The IS-LM Model
Chapter 6: Financial Markets II: The Extended IS-LM Model

Part 3 The Core: The Medium Run
Chapter 7: The Labor Market
Chapter 8: The Phillips Curve, the Natural Rate of Unemployment, and Inflation
Chapter 9: From the Short to the Medium Run: The IS-LM-PC Model

Part 4 The Core: 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

Part 5 Extensions: Expectations
Chapter 14: Financial Markets and Expectations
Chapter 15: Expectations, Consumption, and Investment
Chapter 16: Expectations, Output, and Policy

Part 6 Extensions: The Open Economy
Chapter 17: Openness in Goods and Financial Markets
Chapter 18: The Goods Market in an Open Economy
Chapter 19: Output, the Interest Rate, and the Exchange Rate
Chapter 20: Exchange Rate Regimes

Part 7 Extensions: Back to Policy
Chapter 21: Should Policy Makers Be Restrained?
Chapter 22: Fiscal Policy: A Summing Up
Chapter 23: Monetary Policy: A Summing Up
Chapter 24: Epilogue: The Story of Macroeconomics

Part 8 Appendices
Appendix 1: An Introduction to National Income and Product Accounts
Appendix 2: A Math Refresher
Appendix 3: An Introduction to Ecomometrics