I am currently taking an intro to macroeconomics class, and I am looking for undergraduate level study material to understand the IS-LM model and its interactions with the AS-AD model. Can you give me any good recommendation? I have no problems dealing with any math intensive material. The textbook that I am reading at the moment is Macroeconomics by Olivier Blanchard.
$\begingroup$
$\endgroup$
5
-
5$\begingroup$ Macroeconomics by Olivier Blanchard would have been my recommendation. $\endgroup$– BB KingCommented Apr 8, 2023 at 3:02
-
1$\begingroup$ I second BB king. What exactly do you think is missing in Blanchard? $\endgroup$– AKdemyCommented Apr 8, 2023 at 8:37
-
1$\begingroup$ You can also watch this video (if you prefer) to understand the connection: youtu.be/5euKG8YclWg $\endgroup$– AmitCommented Apr 8, 2023 at 13:12
-
1$\begingroup$ @BBKing please post answers as answers $\endgroup$– 1muflon1 ♦Commented Apr 8, 2023 at 13:30
-
$\begingroup$ t is very difficult to answer without further details by the OP. Maybe, the OP (as they speaks of mathematics) thinks that Blanchard is unsatisfactory with regard to formalization, but it's just a guess. – $\endgroup$– BakerStreetCommented Apr 9, 2023 at 13:11
Add a comment
|
4 Answers
$\begingroup$
$\endgroup$
Short opinion pieces/notes by Paul Krugman which might be interesting for the new students of macroeconomics:
$\begingroup$
$\endgroup$
0
Macroeconomics by Olivier Blanchard would have been my recommendation.
$\begingroup$
$\endgroup$
If you want to read something more advanced on the topics you mentioned, I’d recommend <<Macroeconomics: Imperfections, Institutions, and Policies>> by Wendy Carlin and David Soskice
$\begingroup$
$\endgroup$
Blanchard is a good text. I am not sure what exactly you are looking for. Most undergrad macro texts are written in a similar way. But if you want to check an alternative presentation of the material, I recommend Mankiw's Macroeconomics. If memory serves me well, Blanchard uses a medium-run AS while Mankiw prefers to use short-run and long-run curves. It is possible that both authors present LM curves differently.
