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Advanced Modern Macroeconomics: Analysis and Application de Max Gillman

Advanced Modern Macroeconomics: Analysis and Application

Autor Max Gillman
en Limba Engleză Paperback – 14 ian 2015

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.

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Specificații

ISBN-13: 9780273726524
ISBN-10: 0273726528
Pagini: 624
Dimensiuni: 183 x 239 x 33 mm
Greutate: 1.18 kg
Ediția:3
Editura: Pearson
Locul publicării:Harlow, United Kingdom

Cuprins

Preface
Acknowledgements
Part 1
MICROFOUNDATIONS OF MACROECONOMICS
1                    Overview of the book
Part 2
LABOUR AND GOODS MARKETS
2                    Labour, leisure and productivity
3                    Employment cycles and taxes
4                    Trade in labour and goods markets
Part 3
CAPITAL AND GOODS MARKETS
5                    Savings and investment
6                    Capital policy and business cycles
7                    Trade in physical capital markets
Part 4
MODERN AS–AD
8                    Dynamic analysis and AS–AD
9                    Employment
10                Dynamic AS–AD solution methodology
Part 5
GROWTH, HUMAN CAPITAL AND BUSINESS CYCLES
11                Exogenous growth
12                Human capital and endogenous growth
13                Explaining cycles and trends
14                International trade
Part 6
RISK, BANKING AND ASSETS
15                Incomplete markets and banking
16                Investment and banking productivity
17                Asset prices and finance
Part 7
FISCAL AND MONETARY POLICY
18                Public finance
19                Taxes and growth
20                Monetary theory and policy
Index

Notă biografică

Max Gilman is a highly respected Professor of Macroeconomics at Cardiff University and Director of PG studies. He was educated at Chicago University, where Barro and Lucas, the founders of a micro foundation approach to macroeconomics were his PHD supervisors. He has written many research articles on micro foundation approaches to macroeconomics and is well known in research circles such as MMFRG (Money, Macro and Finance Research Group). He is also Research Associate at the Institute of Economics, Hungarian Academy of Sciences.

Textul de pe ultima copertă

Modern Macroeconomics: Advanced Analysis and Application
‘Modern Macroeconomics’ provides a back-to-basics approach to macroeconomics. Requiring only a microeconomics background, the book is a comprehensive introduction to macroeconomics that builds the essential elements in a methodologically consistent fashion.
The book
·         lays out elements of modern macroeconomics in a comprehensive, general equilibrium, and fully accessible way.
·         uses a ‘micro-foundation’ approach so that every graph illustrates the exact example equilibrium that is derived from optimization.
·         allows for a potential sea shift in macroeconomics by showing how the basic standard models can explain most crucial elements.
Features
·         Applications in each chapter explore policy and how economics explains the real world.
  • All mathematical equations used to develop the theory are derived within the text or in appendices.
This book will be essential reading for students of Macroeconomics courses at both undergraduate and postgraduate level.
About the author
Max Gillman was educated at the University of Chicago, and is currently Professor in the Economics section at Cardiff Business School, Cardiff University.  He is also Research Associate at the Institute of Economics, Hungarian Academy of Sciences.  
 
 
 
 

Caracteristici

  • Applications in each chapter explore policy and how economics explains the real world.
  • All mathematical equations used to develop the theory are derived within the text or in appendices.

Descriere

‘Modern Macroeconomics’ provides a back-to-basics approach to macroeconomics. Requiring only a microeconomics background, the book is a comprehensive introduction to macroeconomics that builds the essential elements in a methodologically consistent fashion.