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For intermediate courses in economics.   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.   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.

Macroeconomics, Enhanced Global Edition

• Title Page


• Copyright Page


• Flexible Organization


• Brief Contents


• Contents


• Focus Boxes


• Preface


• About the Author


• THE CORE


• Introduction


• Chapter 1 A Tour of the World


• 1-1 The Crisis


• 1-2 The Euro Area


• Can European Unemployment Be Reduced?


• What Has the Euro Done for Its Members?


• 1-3 The United States


• Do Policymakers Have the Tools to Handle the Next Recession?


• How Worrisome Is Low Productivity Growth?


• 1-4 China


• 1-5 Looking Ahead


• Appendix 1: Where to Find the Numbers


• Appendix 2: What Do Macroeconomists Do?


• 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