Macroeconomics

One of the best study books for Microeconomics. Very helpfull. Graphs and tools are great. It will be more convenient to us if we can use more books like this while we are in school.

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 ;)

(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.

I have been using this book for 1 month as my coursebook for Economic Theory course , and read very carefully to the place where my instructor has come.I have found the book very easy-understood and very motivating.When studying on the book it is generally a fun for me as opposed to gray-looking solemn economics books!

I'm a layman who thoroughly enjoyed this book. I recommend it to anyone with an interest in the field. The author organizes what most would consider complex topics into discrete and understandable models. The chapters are replete with relevant sidebars of actual events. The text refers to the history along the way, crediting the ideas to their Nobel prize-winning developers. He eventually devotes entire chapters to interesting topics like exchange rate crises, hyperinflation, and structurally high unemployment. But that isn't to suggest a limited scope! It's a general introduction and simply a great book.