Olivier Blanchard Macroeconomics 5th Edition PdfEconomics is the social science that seeks to describe the factors which determine the production, distribution and consumption of goods and services. Economics includes the study of labor, land, and investments, of money, income, and production, and of taxes and government expenditures. Economists seek to measure well-being, to learn how well-being may increase over time, and to evaluate the well-being of the rich and the poor. Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance, health care, and government. Economic analyses may also be applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, and science. Economics also is divided in two realms. Macroeconomics is the first of them and is concerned with how the overall economy works. It studies such things as employment, gross domestic product, and inflation—the stuff of news stories and government policy debates. Microeconomics, the second realm, is concerned with how supply and demand interact in individual markets for goods and services.
Olivier Jean Blanchard, currently the chief economist at the International Monetary Fund, wrote the «MACROECONOMICS», the book about technological problems and growth, financial markets and expectations, the goods market in an open economy, monetary policy, and fiscal policy.
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