This text is well-known for using the Keynesian model in the teaching of economics; yet, in recent editions, the authors expanded coverage of the growth model considerably to achieve more balanced coverage. The text uses the aggregate supply/aggregate demand model as a fundamental tool for learning macroeconomics. It achieves the right level of rigor and detail, presenting complicated concepts in a relatively straightforward manner and using timely economic data. Using puzzles, issues, and well-developed examples, the authors provide a good balance of theory to application, allowing you to relate the materials to your everyday life.
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About the Author
William J. Baumol received his BSS 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 consultant to the management of 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 of the American Philosophical Society, founded by Benjamin Franklin. Baumol is the author of more than thirty-five books, and hundreds of journal and newspaper articles that have been translated into more than a dozen languages.
Alan S. Blinder earned his Master's degree at the London School of Economics and a Ph.D. at MIT. He teaches at Princeton University and is the co-director of Princeton's Center for Economic Policy Studies. Blinder was President Clinton's first Council of Economic Advisers, served as vice chairman of the Federal Reserve Board, and played a role in formulating both the fiscal and monetary policies of the 1990s. Blinder wrote newspaper and magazine columns on economic policy for more than ten years.
Alan S. Blinder earned his Master's degree at the London School of Economics and a Ph.D. at MIT. He teaches at Princeton University and is the co-director of Princeton's Center for Economic Policy Studies. Blinder was President Clinton's first Council of Economic Advisers, served as vice chairman of the Federal Reserve Board, and played a role in formulating both the fiscal and monetary policies of the 1990s. Blinder wrote newspaper and magazine columns on economic policy for more than ten years.
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3.3 out of 5 stars
7 reviews
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SINCERE AUTHORS
Jun 27 2012
By newtony
- Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
I use this book to teach about US economics in at an American School in Nigeria. I will say I am very impressed with the authors and publishers. he book is very easy to understand for a person like me. My 17 year olds too find it easy to read. Opinions are logically presented and there is no burden of statistics which many writers use to impress or confuse readers.
The hardcover book came very clean and I am proud of the previous user.
The hardcover book came very clean and I am proud of the previous user.
0 of 1 people found the following review helpful
3.0 out of 5 stars
better books out there
July 9 2012
By aussompossum
- Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
after having several economics classes. there are def better books out there. not very many proofs or better explinations of theories. if it is required for class get it but not good for reference
3 of 6 people found the following review helpful
1.0 out of 5 stars
Is this a one or two star book. . .
Mar 17 2011
By Kathryn M
- Published on Amazon.com
Format:Hardcover
Okay, so economics is not as interactive as an art class or as systematic as a math class. Economics is generally based on theory. So, why would any clearing house publish an economic book like this? I mean, it is terribly written and has many, many spelling and grammatical errors. I had to reread a couple of passages because I thought I was reading it wrong! That should have been my first clue. The information in the book is boring, lacks imagination, and is not cohesive. There should be more examples of supply and demand curves, instead, there is one example used through out the whole chapter and sometimes used in the next. The summaries are okay and has a test yourself, but only gives the answers to odd questions. Also, at the end of the chapter the authors have an 'appendix', but the information in not consistent to the chapter information. I don't even look at the appendix.
Now, I dread picking up this book to read it. You would think that since this is one of the first economic course that students must take that the author would try to grab your attention and fill your head with interesting and quizzical information. On the contrary, what a snooze-fest! Shame on the authors, the publishers, and the teachers for approving such an awful interpretation of economics.
Now, I dread picking up this book to read it. You would think that since this is one of the first economic course that students must take that the author would try to grab your attention and fill your head with interesting and quizzical information. On the contrary, what a snooze-fest! Shame on the authors, the publishers, and the teachers for approving such an awful interpretation of economics.
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3.3 out of 5 stars
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