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Customer reviews

4.6 out of 5 stars

on 1 April 2015
A pretty good introduction to macro-economics, it covers all the basics in a thorough way. It suffers from being too verbose, simple points are laboured to death, and from a reluctance to use even the most basic calculus. A bigger problem though is the disturbing level of misprints and editing problems - the current edition reads as if it had never been edited: equation numbers are wrong; in the middle of a discussion of EU issues one suddenly is reading about the US and there are too many equations which are simply wrong - particularly in the section on intertemporal budget constraints.
9 people found this helpful
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on 28 August 2017
This book was bought to help me get through my second year of uni! The lecture slides were useless, so this book saved my life!m covered the whole syllabus, easy to follow and is very relevant when applied to real life situations! An absolute must if studying economics!
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on 30 May 2018
This product is as described by the vendor, great product
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on 10 November 2016
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on 19 November 2013
Fast, and the book is pretty good. It is a good recommendation for people to learn macroeconomics cause it has a detailed contents.
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on 15 November 2013
This is the best book you are ever likely to read on Macroeconomics. Its great strength is that it is based on a single model which from modest beginnings in the earlier chapters reaches a logical and a complex form by chapter 20. The result is that the book has a coherent structure so that each chapter is a natural extension of the previous chapters. The first 10 chapters are the core chapters: closed economy, open economy, wages and prices. There is then an excellent chapter on growth models, followed by 4 chapters on expectation formation and how it affects different areas of economic behaviour. I particularly enjoyed brushing up on the term structure of interest rates. Chapters 18 to 20 deal with the open economy in the context of exchange rate regimes and there then follows a fine exposition of the current crisis. Each chapter is beautifully crafted and structured with readers' queries anticipated and explained. The boxes in the chapters are gems. Whether it is on how German unification led to collapse of the ERM or on exchange parity under the Gold Standard, each example illuminates the theory. A terrific book and a great achievement in producing it.
3 people found this helpful
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