Bernanke Macroeconomics
Sunday, July 20th, 2008
Written by Ben Bernanke and two other authors, Macroeconomics is one of three textbooks at least partially written by Bernanke over his many years as a macroeconomist. The text is currently on its sixth edition, and is used by students worldwide.
But what is Macroeconomics? Bernanke deals with it close to exclusively, so there must be a lot to it (very true, that). Put simply, Macroeconomics looks at an economy on a wide scale: it studies behavior and monetary movement on the part of entire regions or nations. To do this macroeconomists take accumulated indicators (like the GDP or any kind of price indices) and study them to discover how a given economy works.
What’s the difference with Microeconomics? It’s mainly size. Microeconomics concerns itself with individual dealers and companies.
Want to learn more? Try the textbook. Bernanke knows what he’s talking about.