Read Macroeconomics by Olivier J. Blanchard Free Online
Book Title: Macroeconomics|
The author of the book: Olivier J. Blanchard
Edition: Prentice Hall
Date of issue: April 1st 2000
ISBN 13: 9780130133069
Format files: PDF
The size of the: 26.70 MB
City - Country: No data
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Reader ratings: 3.7
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The rating of 3/5 is a bit due to personal taste, as someone with an engineering background.
This textbook has been a wonderful introduction to the commonly used IS/LM and AS/AD models so far (I'm only halfway through as of writing this review), and its text explains lucidly the minutiae workings of the model. In turn, the model provides a textual framework with which to understand the economy.
With a background in engineering however, I shudder when I see such a technical topic dealt with almost entirely without serious mathematical formulations. The lack of mathematicization of especially Chapter 10, which deals with the AS/AD (Aggregate supply/Aggregate demand) model makes the explanation feel tenuous at best, and at worst it raised suspicions in me that it could just be a chapter of hand-waving.
Good introductory textbook, but don't expect a rigorous, mathematicized treatment of the topic at hand.
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Read information about the authorOlivier Jean Blanchard is currently the chief economist at the International Monetary Fund, a post he has held since September 1, 2008. He is also the Class of 1941 Professor of Economics at MIT, though he is currently on leave. Blanchard is one of the most cited economists in the world, according to IDEAS/RePEc.
Blanchard earned his Ph.D. in Economics in 1977 at MIT. He taught at Harvard University between 1977 and 1983, after which he returned to MIT as a professor. Between 1998 and 2003 Blanchard served as the Chairman of the Economics Department at MIT. He is also an advisor for the Federal Reserve Banks of Boston (since 1995) and New York (since 2004).
Blanchard has published numerous research papers in the field of macroeconomics, as well as undergraduate and graduate macroeconomics textbooks (including his extremely popular Macroeconomics).
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