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Modern Macroeconomics (Hardcover)
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Modern Macroeconomics (Hardcover)
Series: The MIT Press
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A textbook that approaches modern macroeconomics through its
microeconomic foundations, with an emphasis on financial market
connections and policy applications. The modern study and analysis
of macroeconomics begins by considering how microeconomic
units-consumers and firms-make decisions, and then investigates how
these choices interact to yield economy-wide outcomes. This
innovative textbook takes this "modern" approach, teaching
macroeconomics through its microeconomic foundations. It does so by
adopting the representative agent paradigm. By modeling the
representative consumer and the representative firm, students will
learn to describe macroeconomic outcomes and consider the effects
of macroeconomic policies. Unique in its coverage of monopolistic
competition, financial markets, and the interaction of fiscal and
monetary policy, Modern Macroeconomics is suitable for use in
intermediate undergraduate, advanced undergraduate, and graduate
level courses. The book first introduces the building blocks of
macroeconomics, the heart of which is the representative consumer.
It goes on to offer a brief history of macroeconomic thought,
including supply-side economics, the Phillips curve, and the New
Keynesian framework. It then covers two policy applications,
monetary policy and the interaction of monetary and fiscal policy;
optimal policy analysis for both the flexible price and the rigid
price case; long-run steady states, treating the Solow growth
framework and the neoclassical growth model; a search-and-matching
framework for the analysis of unemployment; and the application of
the tools of modern macroeconomics to "open economy," or
international macroeconomics. End-of-chapter problem sets enable
students to apply the concepts they have learned. A separate
Solutions Manual will be available for students to purchase.
Teaching materials, including complete solutions and slides, will
be available to qualified instructors.
General
Imprint: |
MIT Press
|
Country of origin: |
United States |
Series: |
The MIT Press |
Release date: |
October 2015 |
First published: |
2015 |
Authors: |
Sanjay K. Chugh
(Associate Professor of Economics)
|
Dimensions: |
229 x 178 x 30mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
552 |
ISBN-13: |
978-0-262-02937-7 |
Categories: |
Books
|
LSN: |
0-262-02937-5 |
Barcode: |
9780262029377 |
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