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Title: Macroeconomics by Olivier Blanchard ISBN: 0-13-067100-2 Publisher: Prentice Hall Pub. Date: 13 August, 2002 Format: Hardcover Volumes: 1 List Price(USD): $124.00 |
Average Customer Rating: 4.1 (10 reviews)
Rating: 4
Summary: Good Intermediate Macro Book
Comment: This book is an appropriate tool for an intermediate macroeconomics course-guess where I used it! The "Core" of the book is broken up into three sections: the short run (IS/LM), the medium run (IS/LM-AD/AS), and long run (Solow). This is very helpful and provides a natural progression.
Blanchard does skim over some of the more basic stuff, especially, as somebody mentioned, with the IS/LM model. For this reason I think it is very appropriate for an intermediate course where somebody probably has already learned some of the fundamentals in an introductory course. Unfortunately I felt that the Solow model was not in the depth that I would like, especially with respect to mathematics.
On that note, the book doesn't use a high level of mathematics, but the equations are there, and your algebra should definitely be up to par. This also provides a nice transition to those looking to take an advanced micro or macro course, as things tend to involve more and more mathematics as one goes on.
Overall, a good book, lacking in a spot or two, but a good textbook overall.
Rating: 5
Summary: simply a great introduction into macroeconomics
Comment: (Note: I own the first edition.) Blanchard has done a great job on his introductory macro book. It is accessible to anyone with basic high school math and no economic prerequisites, yet it manages to develop a consistent macro theory from IS/LM to AS/AD, and much more (basic dynamics, basic expectations, basic international macroeconomics). Indeed there's enough content in it to cover three one-term courses with it, if you do it thoroughly. Of course there are also some weak points: The chapters on growth theory are a bit half-hearted in my opinion (supposedly extended in the second edition!), and I also believe that he should have spent more time on 'the pathologies' (i.e. unemployment and inflation). The historical notes should have better been incorporated into the respective chapters rather than be put in an own chapter on the end. Finally, you should keep in mind that this book only covers the Neoclassical-Keynesian Synthesis (short-run demand-determined, long-run supply-determined, without any microfoundations), but as this is usual macro belief, this really isn't a mistake. If you want to go on, you should refer to David Romer's 'Advanced Macroeconomics' or 'Lectures on Macroeconomics' by Olivier Blanchard and Stanley Fischer. As a first book on macroeconomics, this one is simply great, despite its minor shortcomings. This book has introduced me into the fascinating science of economics.
Rating: 2
Summary: Mediocre learning tool
Comment: Olivier Blanchard (M.I.T.) clearly knows his macro stuff, but he has a hard time articulating some of the more basic - and thus fundamental - elements of macro theory. Blanchard's explanation of the key IS-LM relation is very weak, very confusing- Mankiw does a much neater job. This book is full of complicated algebra and thus will be a huge headache for anyone who doesn't love the more tedious realms of math. Reading through the text, the content frequently waffles between inane digressions and examples, and equally useless mathematical derivations. I do give this book credit, 2 stars that is, for being comprehensive; it covers more than any comparable book.
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Title: International Economics: Theory and Policy (6th Edition) by Paul R. Krugman, Maurice Obstfeld ISBN: 0201770377 Publisher: Pearson Addison Wesley Pub. Date: 26 July, 2002 List Price(USD): $121.67 |
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Title: Microeconomics (5th Edition) by Robert S. Pindyck, Daniel L. Rubinfeld ISBN: 0130165832 Publisher: Pearson Education Pub. Date: 27 July, 2000 List Price(USD): $130.00 |
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Title: Intermediate Microeconomics: A Modern Approach, Sixth Edition by Hal R. Varian ISBN: 0393978303 Publisher: W. W. Norton & Company Pub. Date: 01 June, 2002 List Price(USD): $122.15 |
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Title: Macroeconomics and Active Graphs CD Package, Third Edition by Olivier Blanchard ISBN: 0131462253 Publisher: Prentice Hall Pub. Date: 13 November, 2002 List Price(USD): $124.00 |
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Title: Introductory Econometrics: A Modern Approach by Jeffrey Wooldridge ISBN: 0324113641 Publisher: South-Western College Pub Pub. Date: 11 July, 2002 List Price(USD): $119.95 |
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