Macroeconomics is a comprehensive textbook on Economics, that provides an in-depth coverage of core topics of microeconomic theory, classic economic literature, and research. Summary Of The Book Designed with a view to enabling a flexible approach to teaching economic theory, Macroeconomics strives to make the subject easier to teach in classrooms, and takes into account various factors, including time constraints, areas of emphasis, and interest on the part of students required to study it. This book on macroeconomics has long since been considered a leading textbook on macroeconomic theory since it was first published in 1978. This edition of the book not only covers core topics from the course curriculum point of view, but also studies in detail, many topics in the areas of research conducted in microeconomics. The book has been divided into 5 sections and 20 chapters. The first part of the book introduces the subject and also talks about National Income Accounting. The rest of the sections pertain to, Growth, Policy, and Aggregate Supply and Demand. The chapters of the book include topics such as income, unemployment, prices, spending, and so on. Each chapter has an introduction, a summary, as well as a list of terminology used. Welfare economics has also been covered in-depth. The book supports its theoretical content with numerous examples and applications which are quite unique and innovative. It manages to maintain a judicious balance between microeconomic theory, current research, and classic economic literature, making it an all encompassing and complete textbook. Furthermore, the text is amply sprinkled with illustrations and diagrams, and the vast glossary provided at the end of the book makes it easy to understand the language and terms used. About The Authors Author and Professor, Rudiger Dornbusch, taught International Management and Economics at MIT. He co-wrote Foundations of Economics. Dornbusch studied at University of Chicago and University of Geneva, and taught at University of Rochester and Graduate School of Business. He passed away in 2002 at the age of 60. Stanley Fischer, one of the co-authors of this book, is a prominent economist who held the position of the Governor of the Bank of Israel. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development, Indexing, Inflation, and Economic Policy, and The Future of Central Banking. Fischer studied at the London School of Economics, and later completed his Ph.D from MIT. His past appointments include, being the First Deputy Managing Director of the International Monetary Fund during the mid-nineties. He has taught at MIT Sloan School of Management and University of Oxford. He was given an honorary doctorate by Hebrew University. Richard Startz teaches Economics at the University of Washington. He has co-written Study Guide to Accompany Macroeconomics. He studied at Yale University and obtained a Ph.D from MIT, under the supervision of Rudiger Dornbusch and Stanley Fischer. He has taught at many universities and ivy-league schools in America, including University of California-San Diego, Wharton School, Princeton University, and Stanford Business School. Richard Startz has conducted research in the areas of econometrics, macroeconomics, and the economics of race.

Table of Contents:
PART 1: INTRODUCTION AND NATIONAL INCOME ACCOUNTING Chapter 1. Introduction Chapter 2. National Income Accounting PART 2: GROWTH,AGGREGATE SUPPLY AND DEMAND,AND POLICY Chapter 3. Growth and Accumulation Chapter 4. Growth and Policy Chapter 5. Aggregate Supply and Demand Chapter 6. Aggregate Supply: Wages, Prices, and Unemployment Chapter 7. The Anatomy of Inflation and Unemployment Chapter 8. Policy PART 3: FIRST MODELS Chapter 9. Income and Spending Chapter 10.Money, Interest, and Income Chapter 11.Monetary and Fiscal Policy Chapter 12.Internatioal Linkages PART 4: BEHAVIORAL FOUNDATIONS Chapter 13.Consumption and Saving Chapter 14.Investment Spending Chapter 15.The demand for Money Chapter 16.The Fed, Money and Credit Chapter 17.Financial Markets and Assets Prices PART 5: BIG EVENTS, INTERNATIONAL ADJUSTMENT, AND ADVANCED TOPICS Chapter 18.Big Events: The Economics of Depression, Hyperinflation,and Deficits Chapter 19.International Adjustment and Interdependence Chapter 20.Advanced Topics Glossary Index