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Macroeconomics (COLLEGE IE OVERRUNS) Paperback – 15 Oct. 2017

4.4 4.4 out of 5 stars 38 ratings

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A Complete View of Macroeconomics
Dornbusch, Fischer, and Startz’s
Macroeconomics relies on straightforward explanations by emphasizing concepts over technique, and fitting difficult material into a larger framework so students can see its relevance in the world. The authors explore state-of-the art research, while allowing for flexibility in how much to emphasize these topics. A balanced approach explains both the potential and limitations of economic policy. Hallmark features and key changes in the 13th edition include:
• Background and analysis on The Great Recession of 2007-2009 and its aftermath.• Updates on unemployment and the Federal Reserve, including more detailed dives into each topic with current data, definitions, and context.•
History Speaks and What More Do We Know? boxes callout relevant data and information that further enhance the concepts covered within each chapter.• Macroeconomics employs a model-based approach to macroeconomic analysis and demonstrates how various models relate to the goal of giving students the capacity to analyze current economic issues in the context of an economic frame of reference.• A focus on international perspectives helps students understand the important links connecting foreign economies to their own. 
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About the Author

RUDI DORNBUSCH (1942–2002) was Ford Professor of Economics and International Management at MIT. He did his undergraduate work in Switzerland and held a PhD from the University of Chicago. He taught at Chicago, at Rochester, and from 1975 to 2002 at MIT. His research was primarily in international economics, with a major macroeconomic component. His special research interests included the behavior of exchange rates, high inflation and hyperinflation, and the problems and opportunities that high capital mobility pose for developing economies. He lectured extensively in Europe and in Latin America, where he took an active interest in problems of stabilization policy, and held visiting appointments in Brazil and Argentina. His writing includes Open Economy Macroeconomics and, with Stanley Fischer and Richard Schmalensee, Economics.

STANLEY FISCHER is governor of the Bank of Israel. Previously he was vice chairman of Citigroup and president of Citigroup International, and from 1994 to 2002 he was first deputy managing director of the International Monetary Fund. He was an undergraduate at the London School of Economics and has a PhD from MIT. He taught at the University of Chicago while Rudi Dornbusch was a student there, starting a long friendship and collaboration. He was a member of the faculty of the MIT Economics Department from 1973 to 1998. From 1988 to 1990 he was chief economist at the World Bank. His main research interests are economic growth and development; international economics and macroeconomics, particularly inflation and its stabilization; and the economics of transition. http://www.iie.com/fischer

Castor Professor of Economics at the University of Washington. He was an undergraduate at Yale University and received his Ph.D. from MIT, where he studied under Stanley Fischer and Rudi Dornbusch. He taught at the Wharton School of the University of Pennsylvania before moving on to the University of Washington, and he has taught, while on leave, at the University of California – San Diego, the Stanford Business School, and Princeton. His principal research areas are macroeconomics, econometrics, and the economics of race. In the area of macroeconomics, much of his work has concentrated on the microeconomic underpinnings of macroeconomic theory. His work on race is part of a long-standing collaboration with Shelly Lundberg. www.econ.washington.edu/user/startz

Product details

  • Publisher ‏ : ‎ McGraw Hill; 13th edition (15 Oct. 2017)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 672 pages
  • ISBN-10 ‏ : ‎ 1259253406
  • ISBN-13 ‏ : ‎ 978-1259253409
  • Dimensions ‏ : ‎ 18.54 x 2.29 x 22.86 cm
  • Customer reviews:
    4.4 4.4 out of 5 stars 38 ratings

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Rudiger Dornbusch
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4.4 out of 5 stars
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Top reviews from United Kingdom

  • Reviewed in the United Kingdom on 7 February 2018
    13e 20OCT2017 also 1e 30JUL1994
    The previous reviews are for the 7th and 8th editions. There are dozens of english editions from 1978 at prices down to 1p. Search on Amazon window "Books Dornbusch Macroeconomics" for 6 pages of options.
    6e International 1994. pp.665. reviewed here:

    An American version of the micro to macro hoax to predict the real world economy. Dornbusch was in the Chicago School (he died in 2012) and Fisher was from the World Bank and now a board member of the US Federal Reserve Bank public corporation. This book is not easy to read and describes analytical calculus by using simple straight line diagrams which will mislead the reader. You will see a lot of ideology like "overemployment".

    Hicks (1935) theory emphasises here the Investment or Savings - Money Demand or Supply diagrams (IS-LM) mascarading as the Keynsianism theory erroneously which was published in 1936. It is all very monetarist in philosophy.

    Hicks in the 1970s retracted his theory but despite this, he has been unable to stop the teaching of his erroneous "Neo-Keynsian Theory" .

    The book is a blizzard of letter symbols. I had to make up a table of variables to follow it. The book may be useful in testing the ability of students to memorise ideas to test by exams but not to teach much about the real world realistically.

    For a detailed critique of this and other out of date economics see Steve Keen, Debunking Economics
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Top reviews from other countries

  • Amazon Customer
    4.0 out of 5 stars Rental book in great shape
    Reviewed in the United States on 23 August 2019
    Required for class. Rental book was in great shape!
  • mipsy
    1.0 out of 5 stars Terrible textbook
    Reviewed in the United States on 16 October 2019
    Nothing wrong with the seller but the book itself sucks! Wish my school didn’t require it for my class because it’s absolute garbage. It explains concepts poorly, I don’t even read the darn thing anymore. My whole class has had to constantly attend tutoring sessions. You’re better off not buying the book. just take really good notes in class and attend group study sessions. Waste of money.