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Macroeconomics: Economic Crisis
Update |
November 2009: Newly updated with two chapters on the global
financial crisis.
Read more in the new color brochure.
Read more in the new color brochure.
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Innovations Modern, up to date treatment of macroeconomics One or two fully worked exercises at the end of each chapter Thorough discussion of economic growth,
including the Romer model No LM curve: central banks set interest rates AS/AD uses short-run output and inflation
(not the price level), putting students closer to facts |
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More info on the book
from Amazon.com
and from
W.W.
Norton.
(Includes a way to request a free examination copy.)
First draft of a new chapter on Consumption.
A draft chapter on Investment should be ready by the end of the year.
(Includes a way to request a free examination copy.)
First draft of a new chapter on Consumption.
A draft chapter on Investment should be ready by the end of the year.
What Instructors are saying:
"A wonderful modern treatment of macroeconomics. Its discussion of growth is by far the best around, with its theory-based yet data-intensive approach. The short-run sections are also updated and refreshingly to the point, allowing great connections with U.S. business-cycle history. Since students also seem to like it better than the other books &mdash and I have tried the main competitors &mdash I am all set!"
&mdash Per Krusell, Princeton University
"Great textbook."
&mdash Steve Davis, University of Chicago Booth School of Business
"The treatment of growth is excellent. I also like the emphasis on interest-rate rules in the short-run material. A great strength of the presented short-run model is the explicit recognition of expectations formation in price setting (AS curve). This greatly assists talk about dynamics and implications of credibility of policy."
&mdash Bruce Preston, Columbia University
First draft of a new chapter on Consumption. A draft chapter on Investment should be ready by the end of the year.
Stanford MBA Macroeconomics (my personal lecture slides), Spring 2009: Syllabus | Lectures+Problems (zip file, 25MB)
Here is a link to the Country Snapshots data file.
W.W. Norton's Instructor Resources (including the official Lecture Powerpoints/PDFs).
Part One -- PreliminariesBack to my home page
Chapter 1: Introduction
Chapter 2: Measuring the Macroeconomy
Part Two -- The Long Run
Chapter 3: An Overview of Long Run Economic Growth
Chapter 4: A Model of Production
Chapter 5: The Solow Growth Model
Chapter 6: Growth and Ideas
Chapter 7: The Labor Market, Wages, and Unemployment
Chapter 8: Inflation
Part Three -- The Short Run
Chapter 9: An Overview of the Short Run
Chapter 10: The IS Curve
Chapter 11: Monetary Policy and the Phillips Curve
Chapter 12: Stabilization Policy and the AS/AD Framework
Chapter 13: The Global Financial Crisis: Overview
Chapter 14: The Global Financial Crisis and the Short-Run Model
Part Four -- Applications
Chapter 15: The Government and the Macroeconomy
Chapter 16: International Trade
Chapter 17: Exchange Rates and International Finance
Chapter 18: Parting Thoughts