For intermediate economics courses. Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run. Features For intermediate economics courses. Blanchard presents a unified and global view of macroeconomics, enabling students to see the connections between the short-run, medium-run, and long-run. Distinguished Authorship Olivier Blanchard is one of Prentice Hall's most notable economics authors. After graduating with his Ph.D. in economics from MIT, he taught at Harvard and MIT as a Professor of Economics. Blanchard has researched many macroeconomic issues, from the effects of fiscal policy, to therole of expectations, toprice rigidities, and more recently, on labor market institutions. He has work for many governments, international organizations, and he has written over 150 articles and 15 books. In addition, Professor Blanchard is a research associate of the National Bureau of Economic Research, a fellow and a council member of the Econometric Society, a member of the American Academy of Arts and Sciences, and a past vice president of the American Economic Association. The Core The book is organized in a flexible manner around two central parts: A core and a set of three major extensions. The Core - Provides students with a unified view of macroeconomics. The Extensions - Offers increased depth on the subject matter. A flowchart on the front endpaper makes it easy to see how the chapters are organized, and fit within the book's overall structure. Current Events Current macroeconomic events are integrated into each chapter of the book within the text and detailed boxes. Each box shows students how they can use what they've learned to get an understanding of economics in the real-world.