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Introducing Advanced Macroeconomics "Growth and Business Cycles"

Introducing Advanced Macroeconomics "Growth and Business Cycles"

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  • ISBN:9780077117863
  • Editorial: UK-Mcgraw-Hill
  • Fecha de la edición:
  • Número de la edición: 2
  • Encuadernación:
  • Nº Pág.:864
  • Idiomas:Ingles,Inglés

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Introducing Advanced Macroeconomics: Growth and Business Cycles, 2nd edition provides 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

Part I Basic Theory and Empirics about Prosperity and Growth

Chapter 2 Some Facts about Prosperity and Growth
Chapter 3 Capital Accumulation and Growth: The Basic Solow Model
Chapter 4 Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy

Part II Exogenous Growth

Chapter 5 Technological Progress and Growth: The General Solow Model
Chapter 6 Education and Growth: The Solow Model with Human Capital
Chapter 7 Limits to Growth? The Solow Model with Scarce Natural Resources

Part III Endogenous Growth

Chapter 8 Productive Externalities and Endogenous Growth
Chapter 9 R&D-Based Models of Endogenous Growth: Macroeconomic Modelling
Chapter 10 R&D-Based Models of Endogenous Growth: Micro Foundations

Part IV Structural Unemployment

Chapter 11 Some Facts and Introductory Theory about Unemployment
Chapter 12 Efficiency Wages and Unemployment
Chapter 13 Trade Unions and Unemployment
Chapter 14 The Economy in the Short Run: Some Facts about Business Cycles

Part V The Building Blocks for the Short Run Model

Chapter 15 Investment and Asset Prices
Chapter 16 Consumption, Income and Wealth
Chapter 17 Monetary Policy and Aggregate Demand
Chapter 18 Inflation, Unemployment and Aggregate Supply

Part VI The Short Run Model for the Closed Economy

Chapter 19 Explaining Business Cycles: Aggregate Supply and Aggregate Demand in Action
Chapter 20 Stabilization Policy: Why and How?
Chapter 21 Stabilization Policy with Rational Expectations
Chapter 22 The Limits to Stabilization Policy: Credibility, Uncertainty and Time Lags

Part VII The Short Run Model for the Open Economy

Chapter 23 Aggregate Demand and Aggregate Supply in the Open Economy
Chapter 24 The Open Economy with Fixed Exchange Rates
Chapter 25 The Open Economy with Flexible Exchange Rates
Chapter 26 The Choice of Exchange Rate Regime and the Theory of Optimum Currency Areas

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