Macroeconomics Updated Edition (Revised) + Updated Study Guide [Paperback]

Bradford DeLong (Author)

Book Description

ISBN-10: 0072866853 | ISBN-13: 978-0072866858 | Publication Date: October 11, 2002 | Edition: 1

Brad DeLong’s Macroeconomics offers a new approach to the subject. Drawing upon his vast experience teaching, researching, and advising the U.S. government on Economy policy has enabled him to write an intermediate macroeconomics text that will set the standard for books in this area for years to come. For example, DeLong focuses on the interest rate rather than the AS/AD diagram and he includes expanded coverage of the crucial topic of long-run growth. His lively text is modern, provides extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective. Because of all the happenings in the macroeconomy since September of 2001, we are publishing a special Updated Edition Value Package of DeLong. This Updated Edition covers such important topics as the September 11, 2001 terrorist attacks and their remarkably strong but apparently short-lived effects on production and employment, the recession, the Argentinean financial crisis and more. The Updated Edition Value Package also includes the high-quality Study Guide, written by Martha Olney at University of California-Berkeley.

Editorial Reviews

About the Author

J. Bradford DeLong (B.A., Ph.D., Harvard University) is a Professor of Economics at the University of California at Berkeley. Before joining Berkeley in 1995, he was Deputy Assistant Secretary for Economic Policy in the U.S. Department of the Treasury (1993 to 1995), and an Associate Professor at Harvard University. Professor DeLong is also a research associate of the National Bureau of Economic Research, and a co-editor of the Journal of Economic Perspectives. He is a prolific writer, with a wide range of interests in macroeconomics, economic history, and finance. He has published more than 100 articles, including articles in the American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, and Journal of Economic History. His own website, http://www.j-bradford-delong.net/ contains a great amount of material and is widely considered to be one of the best academic websites on economics available.

Arman Mansoorian is a professor of economics at York University. He completed his undergraduate education at the London School of Economics before moving to Canada, where he completed his Ph.D. at Queen’s University in 1989. His fields of specialization are macroeconomics and fiscal federalism; his works have been published in Economic Journal, International Economic Review, Journal of International Economics, and Journal of Public Economics, among other journals. Professor Mansoorian has served as Director of the Economics Graduate Program and Chair of the Department of Economics at York. Before joining York University, he was an Assistant Professor at the University of Western Ontario and Dalhousie University.

Leo Michelis is a professor of economics at Ryerson University. Before joining Ryerson in 1996, he taught at York University and the University of Western Ontario. Professor Michelis received his B.A. and M.A. degrees from York University, and his Ph.D. degree from Queen´s University in 1993. His areas of special interest in teaching and research are macroeconomics, international finance, and econometrics. He has published articles in the Journal of Econometrics, Journal of Applied Econometrics, Econometric Theory, Journal of International Money and Finance, Journal of Quantitative Economics, and the Journal of Economic Integration. In addition to Macroeconomics, he is the co-editor of two books on economic integration and is a contributing author for several books. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Paperback
• Publisher: McGraw-Hill/Irwin; 1 edition (October 11, 2002)
• Language: English
• ISBN-10: 0072866853
• ISBN-13: 978-0072866858
• Product Dimensions: 10.7 x 8.4 x 1.8 inches
• Shipping Weight: 9.8 pounds
• Average Customer Review: 3.1 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #4,139,426 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

40 of 42 people found the following review helpful:

5.0 out of 5 stars I would put most low reviews of this work down to politics, October 18, 2003

By A Customer

This review is from: Macroeconomics (Hardcover)

This is an excellent intermediate Macro textbook, and the writing style is more acessible than one usually encounters at this level of economics.
The theory is up-to-date and couched in less political dogma than similar products from other sources.

This is not an introduction to Macro!
This is a first-term MBA or intermediate BA/BS course!

Given the lower quality of the competing texts I have read, I put down most low reviews to sight-unseen grousing by partisans who wish to inflict monetary loss on Professor DeLong for his political views.
In todays political climate this is unsurprising, but it is quite disturbing that it has reached this far into solid science.

26 of 27 people found the following review helpful:

4.0 out of 5 stars Without doubt one of the best on the market, November 7, 2003

By A Customer

This review is from: Macroeconomics (Hardcover)

I don't normally bother to review books, but the comments on this book are so bizarre I feel the need to respond. This is a textbook for the intermediate macroeconomics level. Someone coming to this book with no economics background at all might find the book hard going in places, but that is to be expected; it is not intended as a piece of popular writing on economics.

I am very familiar with intermediate macroeconomic textbooks -- indeed, I wrote ancillary material for one of the leading textbooks currently on the market -- and I think DeLong's textbook is one of the best books around. For many topics it is *the* best book.

13 of 13 people found the following review helpful:

5.0 out of 5 stars Good book-- but why you might not like it., April 7, 2007

By 

Ralph Hiesey - See all my reviews
(REAL NAME)   

This review is from: Macroeconomics (Paperback)

When I first read the reviews of this book I (also) was puzzled by the great divergence of opinion expressed among some reviewers. After purchasing it (on the recommendation of a professor of economics at UCSC)I found it to be quite a good and relatively clear introduction to macroeconomics. This is from someone who finds many of the economic explanations on Wikipedia quite baffling.

However I have a theory about the cause of the difference of opinion expressed by the reviewers: Although the book claims to only require algebra for understanding the math, I believe that a good familiarity with calculus is very helpful in interpreting much of the mathematical explanation of macroeconomics. This is NOT because the book uses the obvious language of calculus ("derivatives" and "integrals"), but rather because it extensively uses the language of functions--and calculus is generally the first math course that more extensively exercises one's thinking about functions. Macroeconomics is not just about "solving equations", it is about understanding functions and how they interact with each other. Although you could grope through this book without familiarity with calculus I think that my background of calculus helped a lot in making it easier to digest many of the mathematical explanations.

Nevertheless many of his other non mathematical explanations in the earlier part of the book should reward even those without such a background. I thought that is explanations on many topics was quite clear and complete.