Synopses & Reviews
Highlights of this new edition:
· Chapters substantially revised to reflect current thinking in macroeconomics
· Includes 31 boxed case studies that are easily cross-referenced
· New material added and empirical data updated to better reflect labor market developments during the last three decades
· Streamlined mathematical appendix
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 around 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.
Synopsis
This book deals with all the major topics of modern macroeconomics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each 'frame' deals with a separate area of macroeconomics, and each contains a summary section of key points, further reading, and exercises.
Synopsis
Highlights of this new edition:
· Chapters substantially revised to reflect current thinking in macroeconomics
· Includes 31 boxed case studies that are easily cross-referenced
· New material added and empirical data updated to better reflect labor market developments during the last three decades
· Streamlined mathematical appendix
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 around 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.
About the Author
Ben J. Heijdra is Professor of Economics at the University of Groningen. Professor Heijdra is also a Visiting Research Professor at the Institute for Advanced Studies (Institut für Höhere Studien) in Vienna, and a Fellow of the CESifo Research Network (Munich). His research focuses on policy-relevant theoretical macroeconomics.
Table of Contents
1. 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