Introducing Advanced Macroeconomics: Growth and Business Cycles 2/e (絕)
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- ISBN：9780077117863
- 作者：Sorensen
- 版次：2
- 年份：2010
- 出版商：McGraw-Hill
書籍介紹
本書特色
目錄
Description
Introducing Advanced Macroeconomics: Growth and Business Cycles, 2nd editionprovides students with a thorough understanding of fundamental models in macroeconomics and introduces them to methods of formal macroeconomic analysis. Split into two sections, the first half of the book focuses on macroeconomics for the long run, introducing and developing basic models of growth and structural unemployment. The second half of the book deals with the economy in the short run, focusing on the explanation of business fluctuations. This new edition retains the popular pitch and level established in the 1st edition and continues to bridge the gap between intermediate macroeconomics texts and more advanced textbooks.
Introducing Advanced Macroeconomics: Growth and Business Cycles, 2nd editionprovides students with a thorough understanding of fundamental models in macroeconomics and introduces them to methods of formal macroeconomic analysis. Split into two sections, the first half of the book focuses on macroeconomics for the long run, introducing and developing basic models of growth and structural unemployment. The second half of the book deals with the economy in the short run, focusing on the explanation of business fluctuations. This new edition retains the popular pitch and level established in the 1st edition and continues to bridge the gap between intermediate macroeconomics texts and more advanced textbooks.
Features
- Fully updated and revised: The empirical material has been updated and new case studies have been added to illustrate the importance of institutions for long run prosperity and to show how business cycle theory can help us understand the dramatic events during the economic crisis which began in 2007.
- Empirical motivation and policy orientation: This book reviews the stylised empirical facts to be explained by the models and systematically confronts theoretical predictions with empirical data. The policy implications of the theories presented are highlighted.
- Respect for rigour: In the presentation of models, mathematics is used to a degree required for a thorough understanding, but unnecessary technicalities are avoided and a balance between formalism and verbal explanation is maintained throughout.
- Improved pedagogical features: Including an increased amount of boxes which highlight the most important definitions and results.
Table of Contents
1. Macroeconomics for the long run and for the short run
2. Some Facts about Prosperity and Growth
Part 1 Basic Theory and Empirics about Prosperity and Growth
3. Capital Accumulation and Growth: The Basic Solow Model
4. Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy
Part 2 Exogenous Growth
5. Technological Progress and Growth: The General Solow Model
6. Education and Growth: The Solow Model with Human Capital
7. Limits to Growth? The Solow Model with Scarce Natural Resources
Part 3 Endogenous Growth
8. Productive Externalities and Endogenous Growth
9. R&D-Based Endogenous Growth
Part 4 Structural Unemployment
10. Some R&D-Based Models of Endogenous Growth: Micro Foundations
11. Some Facts and Introductory Theory about Unemployment
12. Trade Unions and Unemployment
13. Some Facts About Business Cycles
Part 5 The Building Blocks For the Short-run Model
14. Investment and Asset Prices
15. Consumption, Income and Wealth
16. Monetary Policy and Aggregate Demand
17. Inflation, Unemployment and Aggregate Supply
Part 6 The Short-run Model for the Closed Economy
18. Explaining Business Cycles; Aggregate Supply and Aggregate Demand in Action
19. Stabilization Policy: Why?
20. Stabilization Policy: How?
21. Stabilization Policy with rational expectations
22. Limits to stabilization policy: Gredibility and Uncertainty
Part 7 The Short-run Model for the Open Economy
23. Aggregate Demand and aggregate Supply in the Open Economy
24. The Open Economy with Fixed exchange Rates
25. The Open Economy with Flexible Exchange Rates
1. Macroeconomics for the long run and for the short run
2. Some Facts about Prosperity and Growth
Part 1 Basic Theory and Empirics about Prosperity and Growth
3. Capital Accumulation and Growth: The Basic Solow Model
4. Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy
Part 2 Exogenous Growth
5. Technological Progress and Growth: The General Solow Model
6. Education and Growth: The Solow Model with Human Capital
7. Limits to Growth? The Solow Model with Scarce Natural Resources
Part 3 Endogenous Growth
8. Productive Externalities and Endogenous Growth
9. R&D-Based Endogenous Growth
Part 4 Structural Unemployment
10. Some R&D-Based Models of Endogenous Growth: Micro Foundations
11. Some Facts and Introductory Theory about Unemployment
12. Trade Unions and Unemployment
13. Some Facts About Business Cycles
Part 5 The Building Blocks For the Short-run Model
14. Investment and Asset Prices
15. Consumption, Income and Wealth
16. Monetary Policy and Aggregate Demand
17. Inflation, Unemployment and Aggregate Supply
Part 6 The Short-run Model for the Closed Economy
18. Explaining Business Cycles; Aggregate Supply and Aggregate Demand in Action
19. Stabilization Policy: Why?
20. Stabilization Policy: How?
21. Stabilization Policy with rational expectations
22. Limits to stabilization policy: Gredibility and Uncertainty
Part 7 The Short-run Model for the Open Economy
23. Aggregate Demand and aggregate Supply in the Open Economy
24. The Open Economy with Fixed exchange Rates
25. The Open Economy with Flexible Exchange Rates
