Abel, Bernanke, and Croushore present macroeconomic theory in a way that prepares readers to analyze real macroeconomic data used by policy makers and researchers. With a balanced treatment of both classical and Keynesian economics, the comprehensive coverage makes it easy for instructors to align chapters to fit their own syllabi.
Не лучшая книга, не рекомендую... Ожидал большего. С другой стороны, интересно, что авторы целиком полагаются на IS-LM модель, игнорируя модель совокупных спроса-предложения. На самом деле, мне это даже нравится: студент больше внимания уделит игре сил на конкретных рынках (в этой книге, кстати, активно разработан и labor market, что очень хорошо), держа в голове, как бы, эволюцию равновесия. Жалко только, что так сжато описана открытая экономика, в обмен на академические подробности реальных бизнес-циклов и т.п.
This textbook (I read the 10th edition) is a great resource for those interested in developing a greater understanding of basic macroeconomic models. Framing the discussions around the two primary schools of economic thought—Keynesian and classical—the authors discuss each model in the context of each, and provide a comprehensive analysis of the merits and pitfalls of the theories. I particularly recommend this textbook for its introduction of the IS-LM model—and more generally, for any beginner economics student.
I give this book 4 star only because of its exercises. It has the best set of problems: both solved & asked to solve. This book is unusual in its writing style compared to other books. To many, it may appear confusing & that's normal. Yet it has some details unavailable in other books, topics like J-curve etc.
Already I've learned that America's abysmal savings rate isn't as awful as it appears on first glance. Maybe next I'll learn that eating Irish children is a good way to provide income to starving Irish families.