Macroeconomics: Principles and Policy - Softcover

Baumol, William J.; Blinder, Alan S.

3.06

64 ratings by Goodreads

9780030355097: Macroeconomics: Principles and Policy

Softcover

ISBN 10: 0030355095 ISBN 13: 9780030355097

Publisher: South-Western College Pub, 2002

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Macroeconomics: Principles and Policy remains a proven leader in the world of economics. Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics over two decades ago, William J. Baumol and Alan S. Blinder continue to equip students with the knowledge and tools they need to apply modern economics to their world--now and in the future. This is all the more true today, as the U.S. economy enters its first recession in more than a decade.

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About the Author:

William J. Baumol received his B.S.S. at the College of the City of New York and his Ph.D. at the University of London. He is professor of economics at New York University and senior research economist and professor emeritus at Princeton University. He is a frequent management consultant to major firms in a wide variety of industries in the United States and other countries as well as to a number of governmental agencies. He has been president of the American Economic Association, and three other professional societies. He is an elected member of the National Academy of Sciences, created by the U.S. Congress, and a member of the American Philosophical Society, founded by Benjamin Franklin. Dr. Baumol is the author of more than 35 books as well as hundreds of journal and newspaper articles that have been translated into more than a dozen languages.

Review:

I've been using B&B for 11 years. I like the high profile of the authors...in that they should be able to speak with authority about these issues. My first attraction was when the book was used in a class where I was a TA. Then as now, I enjoyed the "real world" examples, clear presentation, and writing style. They keep things short and clear. B&B's explanations of Supply and Demand are really the best I've seen in such books and their clarity set up many later parts of the book quite well.

The "Ideas for Beyond the Final Exam" are an excellent way to show what the science of economics deals with. It is a good way to keep the students focused throughout the entire course. They are key concepts and show how important economics is to the student's overall education and to their understanding of everyday situations.

Its greatest strengths are the clarity of prose, the straightforward explanations and relevance to the real economy. The tone and the level of rigor are just right for introductory students of economics.

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