Macroeconomics 9th Edition By Olivier Blanchard
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Macroeconomics 9th Edition By Olivier Blanchard

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Pages
591
File size
7.78 MB
Format
Digital PDF
Category
eBook[PDF]
About this ebook
Macroeconomics 9th Edition by Olivier Blanchard (with Alessia Amighini and Francesco Giavazzi) is organized into an introductory tour, a core covering the short, medium, and long runs, and major extensions dealing with expectations, open economies, and economic policy. [1, 2]
Introduction and Tours
  • A Tour of the World: Global economic overviews, output, inflation, and unemployment across regions.
  • A Tour of the Book: Basic concepts, aggregate metrics, and roadmap of the text. [1]
The Short Run
  • The Goods Market: Determinants of demand, consumption, government spending, and equilibrium output.
  • Financial Markets I & II: Money demand, money supply, the role of central banks, interest rates, and the financial system.
  • The IS-LM Model: Combining goods and financial market equilibrium. [1, 2, 3, 4]
The Medium Run
  • The Labor Market: Wage determination, price setting, and the natural rate of unemployment. [1, 2, 3]
  • The Phillips Curve, the Natural Rate of Unemployment, and Inflation: Trade-offs between inflation and unemployment, and anchored expectations. [1, 2, 3]
  • Putting All Markets Together (The IS-LM-PC Model): Integrating goods, financial, and labor markets from the short run to the medium run. [1]
The Long Run
  • The Facts of Growth: Measuring standard of living and growth across countries.
  • Saving, Capital Accumulation, and Output: The Harrod-Domar/Solow growth model basics and the role of saving rates.
  • Technological Progress and Growth: Dynamics of innovation, R&D, and long-term output.
  • The Challenges of Growth: Inequality, future risks, and technological shifts (including artificial intelligence). [1, 2]
Extensions: Expectations, Openness, and Policy
  • Expectations: Financial market expectations, consumption, investment decisions, and their feedback on economic policy.
  • The Open Economy: Openness in goods and financial markets, the goods market in open economies, exchange rates, and exchange rate regimes.
  • Macroeconomic Policy: Rules vs. restraints for policymakers, and comprehensive overviews of modern fiscal and monetary policy. [1, 2, 3]

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Topics

All Markets Together (The IS-LM-PC Model): Integrating goods Financial Markets I & II: Money demand money supply Global economic overviews output inflation Goods Market: Determinants of demand government spending and equilibrium output. Inequality future risks and technological shifts Labor Market: Wage determination Macroeconomic Policy: Rules vs. restraints for policymakers role of central banks interest rates and the financial system. standard of living and growth across countries. The Harrod-Domar/Solow growth model basics The IS-LM Model: Combining goods and financial market equilibrium The Open Economy: Openness in goods and financial markets The Phillips Curve the Natural Rate of Unemployment and Inflation ynamics of innovation R&D and long-term output.
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