Thoroughly revised to reflect the macroeconomic issues of the twenty-first century, Macroeconomics, Ninth Edition combines classic, time-tested pedagogy with a fresh treatment of timely topics and the use of the most current data.The Ninth Edition represents the most complete revision in many years. While retaining its organization of income determination, the IS-LM model, and the SP-DG inflation model "up front," this edition applies the recent ups and downs of the U.S. "New Economy" to make the study of business cycles, monetary and fiscal policy, inflation, saving, and investment more exciting and more relevant than ever. New to this edition is a chapter (11) that grapples with the big questions of economic growth and develops an analysis that goes beyond the standard theories and builds on the best research in the field.The text is universally praised for consistently holding up the theory to the magnifying glass of reality, and this edition is no exception. Substantive case studies and international perspective boxes-including the 9/11 disaster as a classic "shock" to supply and demand-bolster the macroeconomic theory.
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Robert J. Gordon is Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He holds a bachelor’s degree from Harvard University, after which he attended Oxford University in England on a Marshall Scholarship. He received his PhD from the Massachusetts Institute of Technology. He taught at Harvard and the University of Chicago before moving to Northwestern in 1973, where he has taught for more than thirty years and where he was the chair of the Department of Economics from 1992 to 1996.
Professor Gordon is one of the world’s leading experts on inflation, unemployment, and productivity growth. His recent research includes work on the rise and fall of the New Economy, the U.S. productivity growth revival, and the recent stalling of European productivity growth. He is the author of several books, more than 100 scholarly articles, and more than 60 published comments on the research of others.
He is a research associate at the National Bureau of Economic Research (NBER), a research fellow of the Centre for Economic Policy Research in London, a Guggenheim Fellow, a fellow of the American Academy of Arts and Sciences, and a fellow of the Econometric Society.
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