Macroeconomics

Name: Macroeconomics
Price: 32.69 USD
Availability: InStock
ISBN: 9780324069716

ISBN-10: 0324069715

ISBN-13: 9780324069716

Edition: 2nd 2002 (Revised)

Authors: Roger Farmer

List price: $228.95

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Combining the best of traditional and modern approaches to macroeconomics, Farmer is the first book in the Intermediate market to genuinely fill the gap between the macroeconomics taught to graduate students and the macroeconomics taught to undergraduates. It begins with the traditional IS-LM and AD-AS models that have been the staples of undergraduate macro courses for decades, and then the second half of the book introduces newer, dynamic theories of macroeconomics, including various growth models. The result is a text that describes the emerging consensus view of macro.

Book details

List price: $228.95
Edition: 2nd
Copyright year: 2002
Publisher: Cengage South-Western
Publication date: 7/31/2001
Binding: Hardcover
Pages: 480
Size: 8.00" wide x 9.00" long x 1.00" tall
Weight: 2.750
Language: English



Introduction and Measurement


What This Book Is About


Introduction


The Business Cycle


Inflation


Economic Theory and Economic Facts


Conclusion


Measuring the Economy


Introduction


Dividing up the World Economy


Measuring Gross Domestic Product


The Components of Gross Domestic Product


Measuring Wealth


The Link Between Gross Domestic Product and Wealth


Conclusion


Macroeconomic Facts


Introduction


Transforming Economic Data


Measuring Unemployment


Measuring Inflation


Inflation and the Business Cycle


Conclusion


The Classical Approach to Aggregate Demand and Supply


The Theory of Aggregate Supply


Introduction


The Demand for Labor


The Supply of Labor


The Classical Theory of Aggregate Supply


Using the Classical Theory


Aggregate Demand and the Classical Theory of the Price Level


Introduction


The Theory of the Demand for Money


Aggregate Demand and the Demand and Supply of Money


The Classical Theory of the Price Level


The Complete Classical Theory of Aggregate Demand and Supply


Using the Classical Theory to Understand Data


Conclusion


Saving and Investment


Introduction


Saving, Investment, and the Capital Market


The Theory of Investment


Households and the Saving Supply Curve


Equating Demand and Supply


Saving and Investment in an Open Economy


Conclusion


The Modern Approach to Aggregate Demand and Supply


Unemployment


Introduction


The History of Unemployment


Explaining Unemployment


The New-Keynesian Theory of Unemployment


The Aggregate Labor Market and the Natural Rate of Unemployment


Unemployment and Economic Policy


Conclusion


The New-Keynesian Theory of Aggregate Supply


Introduction


The Theory of Nominal Rigidity


Getting From the Short Run to the Long Run


New-Keynesian Theory and Economic Policy


Conclusion


The Demand for Money and the LM Curve


Introduction


The Opportunity Cost of Holding Money


The Utility Theory of Money


Using the Theory of Money Demand


The LM Curve


Conclusion


The Supply of Money


Introduction


What is Money?


A Short History of Money


The Role of the Central Bank


The Monetary Base and the Money Multiplier


Conclusion


The IS Curve


Introduction


The Theory of the Capital Market


Deriving the is Curve


Conclusion


IS-LM and Aggregate Demand


Introduction


The IS-LM Model


Aggregate Demand and Supply


Conclusion


The Open Economy


Introduction


Fixed and Flexible Exchange Rates


Managing an Open Economy


The Collapse of Bretton Woods


Fixed Versus Flexible Rates


Conclusion


Dynamic Macroeconomics


The Government Budget


Introduction


Debt and Deficits


Modeling the Growth of Government Debt


The Sustainability of the Budget Deficit


Different Perspectives on Debt and Deficits


Conclusion


Neoclassical Growth Theory


Introduction


The Sources of Economic Growth


The Neoclassical Growth Model


The Effects of Productivity Growth


Conclusion


Endogenous Growth Theory


Introduction


The Neoclassical Model and the International Economy


The Model of Learning by Doing


Learning by Doing and Endogenous Growth


Conclusion


Unemployment, Inflation, and Growth


Introduction


The Classical Approach to Inflation and Growth


The New-Keynesian Approach to Inflation and Growth


Inflation and Growth When Expectations are Fixed


Conclusion


Expectations and Macroeconomics


Introduction


Postwar Economic History of the United States


The New-Keynesian Model


The Federal Reserve System and Monetary Policy


Conclusion


What We Know and What We Don't


Introduction


What we Know


The Research Frontier


The Future


Appendix


Glossary


Index