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Description For courses in intermediate macroeconomics. Blanchard is the book that helps students to see the big macroeconomic picture by integrating one unifying model throughout the text, without glossing over the core concepts that matter. Blanchard doesn’t take shortcuts in his explanation, because students will use these tools again and again, throughout their academic and professional careers. The organization allows for the greatest degree of flexibility, so professors can direct their class as they see fit. top Contents INTRODUCTION Chapter 1. A Tour of the World Chapter 2. A Tour of the Book THE CORE The Short Run (IS-LM) Chapter 3. The Goods Market. Chapter 4. Financial Markets Chapter 5. Goods and Financial Markets: The IS-LM Model The Medium Run (AD-AS) Chapter 6. The Labor Market Chapter 7. Putting All Markets Together. The AS-AD Model Chapter 8. The Natural Rate of Unemployment and The Phillips Curve Chapter 9. Inflation, Activity, and Nominal Money Growth The Long Run Chapter 10. The Facts of Growth Chapter 11. Saving, Capital Accumulation, and Output Chapter 12. Technological Progress and Growth Chapter 13. Technological Progress, Wages, and Unemployment EXTENSION: EXPECTATIONS Chapter 14. Expectations: The Basic Tools Chapter 15. Financial Markets and Expectations Chapter 16. Expectations, Consumption, and Investment Chapter 17. Expectations, Output, and Policy EXTENSION: THE OPEN ECONOMY Chapter 18. Openness in Goods and Financial Markets Chapter 19. The Goods Market in an Open Economy Chapter 20. Output, the Interest Rate, and the Exchange Rate Chapter 21. Exchange Rate Regimes Chapter 22. Depressions and Slumps EXTENSION: PATHOLOGIES Chapter 23. High inflation Chapter 24. Should Policy Makers Be Restrained? BACK TO POLICY Chapter 25. Monetary Policy: A Summing Up Chapter 26. Fiscal Policy: A Summing Up EPILOGUE Chapter 27. Epilogue: The Story of Macroeconomics top Features For courses in intermediate macroeconomics. Blanchard presents a unified view of macroeconomics, enabling students to see the connections between the short run, medium run, and long run. - - - - - "Do your students have a hard time conceptualizing macroeconomics as a unified whole? Do they understand how short run, medium run, and long run models fit together?" Blanchard builds a unifying view of macroeconomics in the part of the book he calls “The Core", where hehelps students to see the connections between the short run, the medium run, and the long run. Flow Chart Inside Front Cover: students are introduced to “The Core” with a flow chart in the inside front cover of the book. In Section 2-3 (p. 34), Blanchard provides a roadmap for students as they ask, “What determines the level of aggregate output?” Providing three potential answers to consider, Blanchard explains that in fact, they all are correct, but each applies over a different time frame. This segues directly into a definition of the short run, the medium run, and the long run, followed by a thorough explanation of “The Core” of macroeconomics and a general explanation of the book’s organization. Chapter 13 - Technological Progress, Wages, and Unemployment (p. 267) - In Chapter 13, students explore the effects of tecnological progress across the short run, the medium run, and the long run, applying what they have learned, and reinforcing the idea of a unified view in macroeconomics. OTHER POINTS OF DISTINCTION "Are there particular macroeconomic concepts, theories, and applications that you like to cover to a greater depth? Are there some that you would prefer to present at a more basic, introductory level? While providing more content, more chapters, and a more flexible design, Blanchard provides professors with a great deal of flexibility on when and t