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Macroeconomic Theory

ISBN-10: 0195387716

ISBN-13: 9780195387711

Edition: 2010

Authors: Jean-Pascal B�nassy

List price: $75.00
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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 relevantanswers. 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 thefamous "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, amathematical appendix gives a number of simple technical results that are sufficient to follow the formal developments of the book.
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Book details

List price: $75.00
Copyright year: 2010
Publisher: Oxford University Press, Incorporated
Publication date: 4/8/2011
Binding: Hardcover
Pages: 416
Size: 7.50" wide x 10.25" long x 1.25" tall
Weight: 2.684
Language: English

Jean-Pascal B�nassy is Director of Research at the National Center for Scientific Research (CNRS) in Paris and a member of CEPREMAP.