£63.81

Oxford University Press Macroeconomic Theory

Name: Macroeconomic Theory
Brand: Oxford University Press
Price: 63.81 GBP
Availability: InStock

Economic Systems

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Description

This graduate textbook is a "primer" in macroeconomics. It starts with essential undergraduate macroeconomics and develops in a simple and rigorous manner the central topics of modern macroeconomic theory including rational expectations, growth, business cycles, money, unemployment, government policy, and the macroeconomics of nonclearing markets. The emphasis throughout the book is on both foundations and presenting the simplest model for each topic that will deliver the relevant answers. The first two chapters recall the main workhorses of undergraduate macroeconomics: the Solow-Swan growth model, the Keynesian IS-LM model, and the Phillips curve. The next chapters present four fundamental "building blocks" of modern macroeconomics: rational expectations, intertemporal dynamic models, nonclearing markets and imperfect competition, and uncertainty. Later the book deals with growth, notably the Ramsey model, overlapping generations, and endogenous growth. Chapter 10 moves to the famous "real business cycles" (RBC), which integrate in a unified framework growth and fluctuations. The final chapters look at the issue of stabilization, how best to guard the economy from shocks, and the connections between politics and the macroeconomy. To make the book self contained, a mathematical appendix gives a number of simple technical results that are sufficient to follow the formal developments of the book.

Product Specifications

Brand: Oxford University Press
Format: hardcover
ASIN: 0195387716
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Systems
Domain: Amazon UK
Release Date: 12 May 2011
Listed Since: 15 May 2009

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Oxford University Press Macroeconomic Theory

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