The Foundations of Modern Macroeconomics

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Hardcover: 784 pages Publisher: Oxford University Press, USA (May 16, 2002) Language: EnglishReview
`This book will be an extremely valuable addition to the reading list for core graduate macroeconomics courses. It provides a fair and balanced account of the different schools of macroeconomic thought and the current state of the discipline. A large number of topics are treated; the sections which cover technical material are particularly praiseworthy. The authors convey a sense of enthusiasm about the subject and show that macroeconomics can, indeed, be exciting.' Professor John Fender, University of Birmingham

`This is a good addition to the textbook market. The coverage of topics is comprehensive and it takes students from an intermediate to graduate level with commendable ease.' Shaun Hargreaves Heap, University of East Anglia

Book Description
Advanced macroeconomics can seem a daunting prospect. Complex and poorly defined, infected with a variety of conflicting approaches, it is difficult for the student to get an overall picture of what there is and how it fits in. Foundations of Modern Macroeconomics is aimed at getting round this fundamental problem: it deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list, enabling the student to check what has been learnt and investigate further in other books.  

Table of Contents1.
   Who is who in macroeconomics?
  
2.
   Dynamics in aggregate demand and supply
  
3.
   Rational expectations and economic policy
  
4.
   Anticipation effects and economic policy
  
5.
   The macroeconomics of quantity rationing
  
6.
   The government budget deficit
  
7.
   A closer look at the labour market
  
8.
   Trade unions and the labour market
  
9.
   Search in the labour market
  
10.
   Macroeconomic policy, credibility, and politics
  
11.
   The open economy
  
12.
   Money
  
13.
   New Keynesian economics
  
14.
   Theories of economic growth
  
15.
   Real business cycles
  
16.
   Intergenerational economics, I
  
17.
   Intergenerational economics, II
  
Epilogue
  
Mathematical Appendix