Macroeconomics, Fifth Canadian Edition by Olivier BlanchardMacroeconomics, Fifth Canadian Edition by Olivier Blanchard

Macroeconomics, Fifth Canadian Edition

byOlivier Blanchard, David H. Johnson

Hardcover | January 1, 2014

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Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run.


Both rigorous and comprehensive, the Fifth Canadian edition of Blanchard and Johnson’s Intermediate Economics has the unique ability to clearly convey the “life” of macroeconomics while presenting macroeconomics as a coherent whole. This new edition continues to provide an integrated view of macroeconomics allowing students to make sense of macroeconomic events.

Title:Macroeconomics, Fifth Canadian EditionFormat:HardcoverDimensions:616 pages, 10.25 × 8.25 × 1.1 inPublished:January 1, 2014Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0132164361

ISBN - 13:9780132164368

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Table of Contents


Chapter 1.  A Tour of the World

Appendix:  Where to Find the Numbers

Chapter 2.  A Tour of the Book

Appendix:  The Construction of Real GDP and Chain-Type Indexes


The Core: The Short Run

Chapter 3.  The Goods Market

Chapter 4.  Financial Markets

Chapter 5.  Goods and Financial Markets:  The IS-LM Model

Chapter 6.  Openness in Goods and Financial Markets

Chapter 7.  The Goods Market in an Open Economy

Appendix:  Derivation of the Marshall-Lerner Condition

Chapter 8.  Output, the Interest Rate, and the Exchange Rate

Appendix:  Fixed Exchange Rates, Interest Rates, and Capital Mobility


The Core: The Medium Run

Chapter 9.  The Labour Market

Appendix: Wage- and Price-Setting Relations Versus Labour Supply and Labour Demand

Chapter 10.  All Markets Together. The AS-AD Model: The Basics

Chapter 11.  All Markets Together. The AS-AD Model: Complications

Chapter 12   The Phillips Curve, the Natural Rate of Unemployment, and Inflation

Appendix:  From the Aggregate Supply Relation to the Phillips Curve

Chapter 13.  Inflation, Economic Growth, and Money Growth

Chapter 14.  Exchange Rates in the Medium Run:  Adjustments, Crises, and Regimes


The Core: The Long Run

Chapter 15.  The Facts of Growth

Chapter 16.  Saving, Capital Accumulation, and Output

Appendix:  The Cobb-Douglas Production Function and the Steady State

Chapter 17.  Technological Progress and Growth

Appendix: Constructing a Measure of Technological Progress

Chapter 18.  Economic Growth in the Open Economy

Appendix:  The Optimal Amount of Foreign Borrowing



Chapter 19.  Expectations: The Basic Tools

Appendix: Deriving the Expected Present Discounted Value Using Real or Nominal Interest Rates

Chapter 20.  Financial Markets and Expectations

Appendix A:  Arbitrage and Stock Prices

Appendix B:  The Real Exchange Rate, and Domestic and Foreign Real Interest Rates

Chapter 21.  Expectations, Consumption, and Investment

Appendix A: Using Graphs to Illustrate Consumption Decisions When Expectations Are Important

Appendix  B: Derivation of the Expected Present Value of Profits when Future Profits and Interest Rates are Expected to be the Same as Today.

Chapter 22.  Expectations, Output, and Policy


Back to Policy

Chapter 23.  Should Policy Makers Be Restrained?

Chapter 24.  Monetary Policy: A Summing Up

Chapter 25: Fiscal Policy:  A Summing Up

Chapter 26. Epilogue:  The Story of Macroeconomics


Appendix 1.  An Introduction to National Income and Expenditure Accounts

Appendix 2.  A Math Refresher

Appendix 3.  An Introduction to Econometrics

Appendix 4.  Symbols Used in this Book [p/u from 4Ce]