A major revision of a textbook on intermediate macroeconomics, a new emphasis on long run growth is now added to the book's strengths and even more international material - particularly international policy examples - is featured. "Macroeconomics", by two internationally known economists, offers a balance of theory, economic policy and real-world data. It covers open-economy (international) aspects of macroeconomics, as well as micro-foundations of macroeconomic theory, and it presents even-handed views of major schools of thought in macroeconomics. In this new edition, the streamlined presentation eliminates extraneous material, and consolidates material more effectively. Current policy issues of the 1990s are highlighted and up-to-date economic data is used throughout. Also available are: an instructor's manual (0-07-017845-3); a study guide (0-07-017846-1); a test bank (0-07-017847-x); overhead transparencies (0-07-074633-8); PC-macroeconomics student software in 5.25" (0-07-833564-7) and 3.5" (0-07-833565-5) IBM version; and computerized testing in 5.25" (0-07-833566-3) and 3.5" (0-07-833567-1) version, as well as in Macintosh version (0-07-833568-x).
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From the Publisher:
Expanded coverage of growth from one chapter to two. Growth has been moved forward to chapters 3 and 4 of the text. A new chapter (8) on the New Macroeconomics, greatly expands the section from former chapter 1. Covers rational expectations, the unit root of GDP controversy, real business cycles, and new Keynesian sticky price theory. The two chapters on inflation and unemployment (16 & 17) have been condensed to one (7). A middle of the road approach by experts. Controversies are explained but conclusions remain neutral. Classic questions linked to modern treatments. Dornbusch, a specialist in Latin American economics, and Fischer, First Deputy Managing Director of the International Monetary Fund, speak with authority. Dick Startz, new co-author for 7e, was a graduate student of theirs and teaches at the University of Washington. International coverage always strong with two updated chapters (12 and 21).
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