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.
New to This Edition
Economagic:
www.economagic.com : The book now includes access to Economagic, an economic time series
data site. Economagic is useful for economic research, in particular economic forecasting,
and it contains more than 100,000 time series for which data and custom charts can be
retrieved. The text authors have created a set Empirical Questions to tie the book to the
website; these Questions appear at the end of every chapter (after Chapter 1), with
solutions appearing in the Instructor's Manual. A subscription to this data site is
included with new copies of the text.
Full Updates: The Ninth
Edition includes many new, relevant examples that relate macroeconomics to the current
economic climate in the US and abroad. These updates help to kept the text as current and
fresh as ever.
Improved supplement
package: The supplement package for Dornbusch/Fischer/Startz has been significantly
expanded and improved and will include components such as new PowerPoints and a
computerized test bank. This augmented package will prove invaluable to instructors and
reduces class preparation time.
Thorough revision of
Policy chapter (8): In response to reviewer comments, the authors have revised Chapter 8
extensively. They have lowered level of mathematics and condensed material throughout the
chapter. Students will be able to understand the "current events" choices of
policy makers and gain a deeper appreciation of the practical limitations of macroeconomic
policy.
United States Virtual
Economy Option (www.usvirtualeconomy.com) : Instructors may now opt to include Online
access to USVE (United States Virtual Economy) with the text for a small fee. The USVE
website allows the students interact with economic models, make changes and see the
results, resulting in a deeper understanding of concepts.
Features
A chapter on "Big
Events" in macroeconomics (Chapter 18) pulls together material on the Great
Depression, budget deficits, hyperinflation, and social security. Students will get a
background on these important economic events and will learn principles which are harder
to identify in smoothly running economies.
Internet sources enable
students to access data and other material. Not only will students be able to get to
additional sources for research, but will also help them learn how to use the WWW in
economics.
A glossary allows students
to review key terms more easily.
A middle of the road
approach emphasizing both the potential and limitations of economic policy. While the
lively macroeconomic controversies are explained, the authors remain neutral in their
approach.
The authors continue to
include more state-of-the-art research than is usually found in undergraduate texts. Yet
the authors make this material accessible by stressing concepts over technique.
The traditionally strong
international coverage is maintained and enhanced in this edition. The book continues to
be used and respected in countries around the world.
Table of Contents
Part I: Introduction and
National Income Accounting
- Chapter 1: Introduction
- Chapter 2: National Income
Accounting
Part II: Growth, Aggregate
Supply and Demand, and Policy
- Chapter 3: Growth and
Accumulation
- Chapter 4: Growth and
Policy
- Chapter 5: Aggregate
Supply and Demand
- Chapter 6: Aggregate
Supply: Wages, Prices, and Unemployment
- Chapter 7: The Anatomy of
Inflation and Unemployment
- Chapter 8: Policy
Part III: First Models
- Chapter 9: Income and
Spending
- Chapter 10: Money,
Interest, and Income
- Chapter 11: Monetary and
Fiscal Policy
- Chapter 12: International
Linkages
Part IV: Behavioral
Foundations
- Chapter 13: Consumption
and Saving
- Chapter 14: Investment
Spending
- Chapter 15: The Demand for
Money
- Chapter 16: The Fed,
Money, and Credit
- Chapter 17: Financial
Markets and Asset Prices
Part V: Big Events,
International Adjustments, and Advanced Topics
- Chapter 18: Big Events:
The Economics of Depression, Hyperinflation, and Deficits
- Chapter 19: International
Adjustment and Interdependence
- Chapter 20: Advanced
Topics
650 pages