|About the book|
Dornbusch, Fischer, and Startz has been a long-standing, leading intermediate macroeconomic theory text since its introduction in 1978. This revision retains most of the text’s traditional features, including a middle-of-the-road approach and very current research, while updating and simplifying the exposition. This revision focuses on making the text even easier to teach from. The only pre-requisite continues to be principles of economics.
|About the authors|
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.
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.
RICHARD STARTZ is Castor Professor of Economics at the University of Washington. He was an undergraduate at Yale University and received his PhD from MIT, where he studied under Stanley Fischer and Rudi Dornbusch.
|Table of contents|
Part 1 – Introduction and National Income Accounting
1 – Introduction
2 – National Income Accounting
Part 2 – Growth, Aggregate Supply and Demand, and Policy
3 – Growth and Accumulation
4 – Growth and Policy
5 – Aggregate Supply and Demand
6 – Aggregate Supply: Wages, Prices, and Unemployment
7 – The Anatomy of Inflation and Unemployment
8 – Policy Preview
Part 3 – First Models
9 – Income and Spending
10 – Money, Interest, and Income
11 – Monetary and Fiscal Policy
12 – International Linkages
Part 4 – Behavioral Foundations
13 – Consumption and Saving
14 – Investment Spending
15 – The Demand for Money
16 – The Fed, Money, and Credit
17 – Policy
18 – Financial Markets and Asset Prices
Part 5 – Big Events, International Adjustments, and Advanced Topics
19 – Big Events: The Economics of Depression, Hyperinflation, and Deficits
20 – International Adjustment and Interdependence
21 – Advanced Topics