Book Preface The macroeconomic events of the last several years are truly breathtaking — a once-in-alifetime (we hope) occurrence. While the basics of how economists understand the macroeconomy remain solid, the global financial crisis and the Great Recession take us into waters that, if not uncharted, at least haven’t been visited in recent decades. The remarkable collapse in housing prices, the large rise in the financial risk premium, the massive expansion of the Federal Reserve’s balance sheet, and the global nature of the financial crisis are among the novel changes in the macroeconomy. This new edition continues the tradition established in previous versions of the book of providing up-to-date, modern analysis of both current events and classic issues in macroeconomics.
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Macroeconomics 2010 Study Guide
- INSTRUCTOR'S MANUAL Charles I. Jones Macroeconomics FOURTH EDITION. Finally, each chapter of this manual also contains a few case studies, often.
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For example, the latest research on the Great Recession (Chapters 10 and 14), China’s impact on U.S. Jobs and wage inequality (Chapter 7), new measures of standards of living (Chapter 2), and the Euro-area financial crisis (Chapter 20) are all incorporated. In addition, I’m especially excited to introduce a new chapter on DSGE (dynamic, stochastic, general equilibrium) models—the new Chapter 15. This chapter explains state-of-the-art business cycle modeling at a level appropriate for all intermediate macro students, complementing the more traditional AS/AD-style analysis of earlier chapters. This third edition also incorporates many new case studies and exercises, extensive updates to tables and figures to reflect the most current data, and improvements on nearly every page in the text. It is a fascinating time to study macroeconomics, and I look forward to sharing astounding facts about the macroeconomy with you and to discussing the Nobel-caliber ideas that help us understand them.
Modern macroeconomics explained by the expert on growth. Combining innovative treatment of macroeconomic concepts with the clearest presentation of long-run growth theory, Jones offers students an accessible and truly modern introduction to the field. With new primers, important updates on the aftermath of the great recession, and over 90 updated charts and tables, Macroeconomics, Fourth Edition, is the ideal text for exposing undergraduates to current perspectives at a level they can understand. To truly analyze macroeconomy, students must analyze current data and real-world situations, then apply their knowledge using models and equations.
Macroeconomics provides the necessary tools,including new sections on the aftermath of the great recession, over 90 charts and tables that have been meticulously created with new data, a primer on using the Federal Reserve's FRED database, and more. Every chapter includes two complete Worked Exercises that walk students step-by-step through a problem involving an important chapter concept.