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For intermediate courses in Economics.   A Unified View of the Latest Macroeconomic Events In Macroeconomics, Blanchard presents a unified, 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 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 students make sense not only of current macroeconomic events but also of events that may unfold in the future. Integrated, detailed boxes in the 7th 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.   The full text downloaded to your computer With eBooks you can: search for key concepts, words and phrases make highlights and notes as you study share your notes with friends eBooks are downloaded to your computer and accessible either offline through the Bookshelf (available as a free download), available online and also via the iPad and Android apps. Upon purchase, you'll gain instant access to this eBook. Time limit The eBooks products do not have an expiry date. You will continue to access your digital ebook products whilst you have your Bookshelf installed.

Macroeconomics, Global Edition

• Title Page


• Copyright


• Brief Contents


• Contents


• Preface


• The Core


• Introduction


• Chapter 1 A Tour of the World


• 1-1 The Crisis


• 1-2 The United States


• Low Interest Rates and the Zero Lower Bound


• How Worrisome Is Low Productivity Growth?


• 1-3 The Euro Area


• Can European Unemployment Be Reduced?


• What Has the Euro Done for Its Members?


• 1-4 China


• 1-5 Looking Ahead


• Appendix: Where to Find the numbers


• Chapter 2 A Tour of the Book


• 2-1 Aggregate Output


• GDP: Production and Income


• Nominal and Real GDP


• GDP: Level versus Growth Rate


• 2-2 The Unemployment Rate


• Why Do Economists Care about Unemployment?


• 2-3 The Inflation Rate


• The GDP Deflator


• The Consumer Price Index


• Why Do Economists Care about Inflation?


• 2-4 Output, Unemployment, and the Inflation Rate: Okun?s Law and the Phillips Curve


• Okun?s Law


• The Phillips Curve


• 2-5 The Short Run, the Medium Run, and the Long Run


• 2-6 A Tour of the Book


• The Core


• Extensions


• Back to Policy


• Epilogue


• Appendix: The Construction of Real GDP and Chain-Type Indexes


• The Short Run


• Chapter 3 The Goods Market


• 3-1 The Composition of GDP


• 3-2 The Demand for Goods


• Consumption (C)


• Investment (I)


• Government Spending (G)


• 3-3 The Determination of Equilibrium Output


• Using Algebra


• Using a Graph


• Using Words


• How Long Does It Take for Output to Adjust?


• 3-4 Investment Equals Saving: An Alternative Way o