Macroeconomics ; Australasian Edition

Macroeconomics ; Australasian Edition

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Real, current macroeconomic events connected to the theory The new fourth edition of Blanchard's respected Macroeconomics text has been substantially revised to account for the impact of the GFC on the Australasian Economy and the many issues it raises. Thus, in addition to a first discussion of the crisis in Chapter 1 and numerous boxes and discussions throughout the book, we have brought forward the chapter on the GFC to Chapter 9. Macroeconomics is the only intermediate resource with a truly Australasian focus, demonstrating economic ideas and issues with hundreds of local and international examples. This comprehensive resource presents an integrated view of macroeconomics, drawing on the implications of equilibrium conditions in three sets of markets: the goods market, the financial markets and the labour market.Leta#39;s now turn to the situation in June 2012, six months after the last observation in the figure. ... These include a large increase in asset prices before the crasha€” housing prices in this crisis, stock market prices in the Great Depressiona€”andanbsp;...

Title:Macroeconomics ; Australasian Edition
Author: Olivier Blanchard, Jeffrey Sheen
Publisher:Pearson Higher Education AU - 2013-05-30

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