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Author: E. Roy Weintraub
Publisher: Cambridge University Press
ISBN: 9780521294454
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
The first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics.
Author: E. Roy Weintraub
Publisher: Cambridge University Press
ISBN: 9780521294454
Category : Business & Economics
Languages : en
Pages : 188
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Book Description
The first full-length survey of current work which examines the compatibility of microeconomics and macroeconomics.
Author: Dirk Niepelt
Publisher: MIT Press
ISBN: 0262043475
Category : Business & Economics
Languages : en
Pages : 318
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Book Description
A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.
Author: Sanjay K. Chugh
Publisher: MIT Press
ISBN: 0262029375
Category : Business & Economics
Languages : en
Pages : 549
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Book Description
A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications. The modern study and analysis of macroeconomics begins by considering how microeconomic units—consumers and firms—make decisions, and then investigates how these choices interact to yield economy-wide outcomes. This innovative textbook takes this “modern” approach, teaching macroeconomics through its microeconomic foundations. It does so by adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern Macroeconomics is suitable for use in intermediate undergraduate, advanced undergraduate, and graduate level courses. The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer. It goes on to offer a brief history of macroeconomic thought, including supply-side economics, the Phillips curve, and the New Keynesian framework. It then covers two policy applications, monetary policy and the interaction of monetary and fiscal policy; optimal policy analysis for both the flexible price and the rigid price case; long-run steady states, treating the Solow growth framework and the neoclassical growth model; a search-and-matching framework for the analysis of unemployment; and the application of the tools of modern macroeconomics to “open economy,” or international macroeconomics. End-of-chapter problem sets enable students to apply the concepts they have learned. A separate Solutions Manual will be available for students to purchase. Teaching materials, including complete solutions and slides, will be available to qualified instructors.
Author: Steven A. Greenlaw
Publisher:
ISBN: 9781947172340
Category :
Languages : en
Pages :
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Book Description
Author: David M. Kreps
Publisher: Princeton University Press
ISBN: 0691155836
Category : Business & Economics
Languages : en
Pages : 583
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Book Description
Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools.
Author: Frank Hahn
Publisher: MIT Press
ISBN: 9780262581547
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
Author: Roger E. Backhouse
Publisher: Cambridge University Press
ISBN: 110702319X
Category : Business & Economics
Languages : en
Pages : 239
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Book Description
Since the 1950s, macroeconomics has been transformed. This book is about one of the most important aspects of that transformation: the attempt, through the end of the twenty-first century and beyond, to construct macroeconomic models rigorously derived from models of individual firms and households.
Author: Max Gillman
Publisher: Financial Times/Prentice Hall
ISBN: 9780273726524
Category : Macroeconomics
Languages : en
Pages : 0
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Book Description
Modern Macroeconomics, by Max Gillman, takes a new and modern approach to macroeconomic theory using microeconomic foundations. Building from the standard neo-classical models, Gillman has developed a new dynamic model which works to explain business cycles and unemployment, why you can have a banking lead recession as well as fiscal and monetary policy. Although strong in mathematical rigour all calculations in this text are fully derived and graphs provide a direct representation making it accessible. This text is suitable for undergraduate students studying Advanced Macroeconomics courses.
Author: Lars Ljungqvist
Publisher: MIT Press
ISBN: 9780262122740
Category : Business & Economics
Languages : en
Pages : 1120
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Book Description
A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.
Author: G.C. Harcourt
Publisher: Routledge
ISBN: 0429728166
Category : Political Science
Languages : en
Pages : 413
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Book Description
This discourse on the conference proceedings unveils Sir John Hicks's efforts to discuss capital/income family of concepts with their principal characteristics of inter-temporality. Papers on capital, profits, the concept of invariant capital stock and Kaleckian theory of investment are discussed.
