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Macroeconomics (4th Edition)
Macroeconomics (4th Edition)

Hardcover
Edition: 4
Author: Olivier Blanchard
Publisher: Prentice Hall
Release Date: 2005-08-08
ISBN-10: 0131860267
ISBN-13: 9780131860261
List Price: $160.00
Average Customer Rating:
Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0
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Summaries and Customer Reviews are supplied by Amazon.com

Summary:

Do you want a book that provides an integrated view of macroeconomics?

Olivier Blanchard helps students to see the big macroeconomic picture by integrating one unifying model throughout the text.

Are you tired of macroeconomics texts that take too many shortcuts?

Olivier Blanchard gives thorough treatment to many concepts that other books just skim over, with the understanding that students will use these tools throughout their academic and professional careers.

Do you want a book that allows the greatest degree of flexibility in learning and teaching macroeconomics?

Olivier BlanchardÂ’s organization allows for the greatest degree flexibility, so professors can direct their class as they see fit, and students can learn from a methodology that matches the goals of their course.



Customer Reviews
Average Customer Rating: Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0 Score = 4.0

Decent intermediate text
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
As an undergraduate student, I found this text to give reasonable coverage in several areas- especially expectations based models and investment theory. The explanations are fairly clear, but not quite as intuitive as Mankiw which I often reviewed at the library before tests (had his principles text, perhaps this conditioned me in his parlance). Overall, the book is fairly comprehensive, but lacks clarity in certain respects. Teachers may want to offer some supplementary materials with more concrete explanations. Don't make us buy it though, this book costs enough as it is!

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Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
Excellent book very educational and particularly suitable for non economists.
Macroeconomics (4th Edition)

Generally a good text
Customer Rating:  Score = 3 Score = 3 Score = 3 Score = 3 Score = 3
The book is generally a good text. However, I have a lot of problems with how illustration of ideas by calculus is handled. I find several inconsistencies which even my instructor have problems in explaining. I recommend it to the mathematically challenged person not to mathematical enthusiasts.

Best Macroeconomics Text In The Market
Customer Rating:  Score = 5 Score = 5 Score = 5 Score = 5 Score = 5
This is simply the best Macroeconomics text out there. The book is easy enough to read for the layman, yet contains concepts hard enough for those who want to be challeneged. It also includes real world examples for those who want to understand the application of macroeconomics rather than just the theory.
The study guide should come with the book. (At least that is how I got it when I brought it new...). The study guide is very helpful as it contains excellent summaries of each chapter and questions following those reviews with answers in the back.
Neither the study guide or the book, however, contain answers to the text, so be prepared to work a little bit harder on those end-of-the-chapter questions ;)

the thresher
Customer Rating:  Score = 4 Score = 4 Score = 4 Score = 4 Score = 4
Olivier Blanchard's handsome hardbound "Macroeconomics" (3rd Ed.) is a challenging and unfriendly freshman-level macroeconomics text that does a solid but daunting job.

This third outing was published in 2003, meaning it incorporates the Bushian twin deficits, the euro, the Argentinean retrieval, the rise and fall of the Asian tigers, etc. So that's nice.

Note that if you're teaching an economics class for the non-major, this book is most definitely inappropriate. For this purpose I would recommend either Stephen Slavin's "Macroeconomics" (8th Ed.), or, if you require more rigor, Mankiw's "Principles of Macroeconomics" (3rd Ed.), both of which are much easier on the math.

Olivier's juggernaut is more appropriate as a freshman level text for finance or economics majors who are slated to do some heavy-duty number-crunching later in their college career.

It is certainly NOT an intermediate text in macroeconomics (i.e., a junior-level text that incorporates integration and differentiation), so it would most profitably deployed in a rigorous or honors-level freshman-level class (in fact this is the standard text used in freshman econ at MIT -- its author is this brilliant French dude who sometimes teaches freshman econ there).

So be not deceived: this book assumes intermediate algebra, trigonometry, and even some (non-calculus) statistics. There's also some nasty addition and multiplication!

Though there's nothing in it beyond what a high school graduate ought to know, it would help to be clear on its demands. Many freshman books I have thumbed through seem to require only beginning algebra, if that. Not here: algebra is woven into the fiber of this book like a fingernail to the flesh, and any student unskilled in the equational arts will have a rotten time of things.

One good thing about the book: it comes with a cool CD on which you can manipulate the graphs, chapter by chapter, in a fun and instructive (and time-killing) way.

One bad thing about the book: although there are review questions and problem sets at the end of every chapter, there are no answers anywhere in the book. Sheesh! Presumably, given the math level required and the merciless tone of the text, we are meant to see this as a book for adult learners, so why are we being treated like children? Is Mr. Blanchard afraid I'm gonna copy the answers?

























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