Не лучшая книга, не рекомендую... Ожидал большего. С другой стороны, интересно, что авторы целиком полагаются на IS-LM модель, игнорируя модель совокупных спроса-предложения. На самом деле, мне это даже нравится: студент больше внимания уделит игре сил на конкретных рынках (в этой книге, кстати, активно разработан и labor market, что очень хорошо), держа в голове, как бы, эволюцию равновесия. Жалко только, что так сжато описана открытая экономика, в обмен на академические подробности реальных бизнес-циклов и т.п.
This textbook (I read the 10th edition) is a great resource for those interested in developing a greater understanding of basic macroeconomic models. Framing the discussions around the two primary schools of economic thought—Keynesian and classical—the authors discuss each model in the context of each, and provide a comprehensive analysis of the merits and pitfalls of the theories. I particularly recommend this textbook for its introduction of the IS-LM model—and more generally, for any beginner economics student.
I give this book 4 star only because of its exercises. It has the best set of problems: both solved & asked to solve. This book is unusual in its writing style compared to other books. To many, it may appear confusing & that's normal. Yet it has some details unavailable in other books, topics like J-curve etc.
Already I've learned that America's abysmal savings rate isn't as awful as it appears on first glance. Maybe next I'll learn that eating Irish children is a good way to provide income to starving Irish families.