An analysis of how the economy adjusts over time as wages and prices respond, introducing labor markets and the Phillips curve.

The textbook is sequentially organized to build intuition before layer-by-layer complexity is introduced. Focus Chapters Key Concepts Covered Chapters 3–6

focuses on the immediate impact of changes in demand, interest rates, and government spending. It introduces the IS-LM model (for goods and financial markets), a fundamental tool for understanding how fiscal and monetary policies affect output and interest rates in the near term.

The 9th edition strengthens the "extensions" that make the book modern, including:

[ Short Run ] [ Medium Run ] [ Long Run ] Demand-Driven Dynamics Price/Wage Adjustments Growth Determinants (IS-LM / Goods & Financial) (PC / Natural Rate) (Solow / Capital & Tech) The Short Run: Goods and Financial Markets

Dedicated sections on how global trade, exchange rate regimes, and international capital flows influence domestic policy. IV. Educational Tools

To complement the textbook, the 9th edition is deeply integrated with . This online platform allows students to reinforce their understanding of economic models through: Interactive graphs and dynamic study tools.

- Exchange rates and international trade.

| Feature | | Global Edition | | :--- | :--- | :--- | | Author | Olivier Blanchard | Olivier Blanchard | | Publisher | Pearson / Pearson Rental | Pearson Education | | Publication Date | July 17, 2024 | August 28, 2025 | | ISBN-13 | 9780138119010 | 9781292463216 | | ISBN-10 | 0138119015 | 1292463216 | | Format | Hardcover (528 pages) | Paperback (624 pages) | | Key Feature | U.S. print rental option | International edition for students outside the U.S. |

The evolving relationship between inflation, expected inflation, and unemployment.

An introduction to the aggregate output, financial markets, and the goods market.

You can purchase or rent the digital version directly via Pearson Macroeconomics .