Macroeconomics (6th Edition) [Hardcover]

Andrew B. Abel (Author), Ben S. Bernanke (Author), Dean Croushore (Author)

Book Description

ISBN-10: 032141554X | ISBN-13: 978-0321415547 | Publication Date: January 1, 2007 | Edition: 6th

  Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares readers to analyze real macroeconomic data used by policy makers and researchers. This text uses a unified approach based on a single economics model that provides readers with a clear understanding of macroeconomics and its classical and Keynesian assumptions.

Introduction: Introduction to Macroeconomics; The Measurement and Structure of the National Economy. Long-Run Economic Performance: Productivity, Output, and Employment; Consumption, Saving, and Investment; Saving and Investment in the Open Economy; Long-Run Economic Growth; The Asset Market, Money, and Prices. Business Cycles and Macroeconomic Policy: Business Cycles; The IS-LM/AD-AS Model: A General Framework for Macroeconomic Analysis; Classical Business Cycle Analysis: Market-Clearing Macroeconomics; Keynesianism: The Macroeconomics of Wage and Price Rigidity. Macroeconomic Policy: Its Environment and Institutions: Unemployment and Inflation; Exchange Rates, Business Cycles, and Macroeconomic Policy in the Open Economy; Monetary Policy and the Federal Reserve System; Government Spending and Its Financing.

For all readers interested in intermediate macroeconomics.

Editorial Reviews

About the Author

Andrew B. Abel is the Ronald A. Rosenfeld Professor of Finance at the Wharton School and professor of economics at the University of Pennsylvania. He received his AB summa cum laude from Princeton University and holds a PhD from the Massachusetts Institute of Technology. Abel has published extensively on fiscal policy, capital formation, monetary policy, asset pricing, and social security–as well as serving on the editorial boards of numerous journals. He has been honored as the Alfred P. Sloan Fellow, a Fellow of the Econometric Society, and a recipient of the John Kenneth Galbraith Award for teaching excellence. He is a Research Associate of the National Bureau of Economic Research and a member of the Advisory Board of the Carnegie-Rochester Conference Series.

Ben S. Bernanke Previously the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs at Princeton University, Ben Bernanke received both the Allyn Young Prize for best Harvard undergraduate economics thesis and the John H. Williams prize for outstanding senior in the economics department. He went on to earn his PhD from the Massachusetts Institute of Technology, and he has been honored as a Research Associate of the National Bureau of Economic Research. Currently, he is Chairman and a member of the Board of Governors of the Federal Reserve System.

Dean Croushore is an associate professor of economics and Rigsby Fellow at the University of Richmond. Croushore served for fourteen years at the Federal Reserve Bank of Philadelphia, twelve of which as the head of the macroeconomics section. He has taught previously at Penn State University, Temple University, the Wharton School of the University of Pennsylvania, Johns Hopkins University, and Princeton University.

Product Details

• Hardcover: 672 pages
• Publisher: Addison Wesley; 6th edition (January 1, 2007)
• Language: English
• ISBN-10: 032141554X
• ISBN-13: 978-0321415547
• Product Dimensions: 11.9 x 10.4 x 2 inches
• Shipping Weight: 3.6 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #55,796 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

9 of 9 people found the following review helpful:

5.0 out of 5 stars Excellent, February 10, 2010

By 

Michael C. Fladlien "dogbreath" (muscatine, ia United States) - See all my reviews
(REAL NAME)   

This review is from: Macroeconomics (6th Edition) (Hardcover)

I bought this text for self study. This book is clearly written so that a self-learner can learn intermediate macroeconomics. I particularly like the appendix that follows the chapter on IS-LM. The problems in both the workbook and the textbook allow me to think deeply about the concepts.

The text does not have any answers at the back of the text.

Every morning for the past semester, I have worked my way through this text. I find the text easy reading and enjoyable.

3 of 3 people found the following review helpful:

4.0 out of 5 stars Class was terrible, book was GREAT, August 15, 2010

By 

fersti - See all my reviews

This review is from: Macroeconomics (6th Edition) (Hardcover)

The topic is a hard if you are not a math wiz. I honestly had a lot of trouble with Micro economics because of the terrible book, but thought this book was outstanding in explaining the topic. I did well in this class not because the professor was any good, but because this book had great examples, explained everything in great detail and was to the point. Yes, i need the dumbed down version...this is a basics book. I cant stand ordering a basics book, only to have it be completely over my head. This def did its job. I highly recommend it.