Aimed at the advanced undergraduate student, Introducing Advanced Macroeconomics: Growth and Business Cycles bridges the gap between intermediate macroeconomics texts and more advanced macroeconomics texts, something not currently available in the market. The text seeks to give students a thorough understanding of some fundamental workhorse models in macroeconomics and to introduce them to methods of formal macroeconomics analysis, without requiring too many technical skills. The first half of the book focuses on macroeconomics for the long run, introducing and developing the basic Solow model. While the second half of the book deals with the economy in the short run, focussing on the explanation of business fluctuations.
Review:
This is an excellent addition to the macro text market. The treatment of the topics is clear and always involves engagement with the emperical evidence. The latter is drawn from Europe and the US and the rest of the world. The coverage of topics is good. Review by Shaun P. Hargreaves Heap, University of East Anglica, Textbook Guide May 2005
Table of contents:
Chapter 1 Macroeconomics for the Long Run and for the Short Run Book One: The Long Run: Economic Growth, Long Run Unemployment, and Structural Economic Policy Part I Basic Theory and Empirics about Prosperity and Growth Chapter 2 Some Facts about Prosperity and Growth Chapter 3 Capital Accumulation and Growth: The Basic Solow Model Chapter 4 Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy Part II Exogenous Growth Chapter 5 Technological Progress and Growth: The General Solow Model Chapter 6 Education and Growth: The Solow Model with Human Capital Chapter 7 Limits to Growth? The Solow Model with Scarce Natural Resources Part III Endogenous Growth Chapter 8 Productive Externalities and Endogenous Growth Chapter 9 R&D-Based Models of Endogenous Growth: Macroeconomic Modelling Chapter 10 R&D-Based Models of Endogenous Growth: Micro Foundations Part IV Structural Unemployment Chapter 11 Some Facts and Introductory Theory about Unemployment Chapter 12 Efficiency Wages and Unemployment Chapter 12 Trade Unions and Unemployment Book Two The Short Run: Economic Fluctuations, Short Run Unemployment, and Stabilisation Policy Chapter 14 The Economy in the Short Run: Some Facts about Business Cycles Part V The Building Blocks for the Short Run Model Chapter 15 Investment and Asset Prices Chapter 16 Consumption, Income and Wealth Chapter 17 Monetary Policy and Aggregate Demand Chapter 18 Inflation, Unemployment and Aggregate Supply Part VI The Short Run Model for the Closed Economy Chapter 19 Explaining Business Cycles: Aggregate Supply and Aggregate Demand in Action Chapter 20 Stabilization Policy: Why and How? Chapter 21 Stabilization Policy with Rational Expectations Chapter 22 The Limits to Stabilization Policy: Credibility, Uncertainty and Time Lags Part VII The Short Run Model for the Open Economy Chapter 23 Aggregate Demand and Aggregate Supply in the Open Economy Chapter 24 The Open Economy with Fixed Exchange Rates Chapter 25 The Open Economy with Flexible Exchange Rates Chapter 26 The Choice of Exchange Rate Regime and the Theory of Optimum Currency Areas
Review:
This is an excellent addition to the macro text market. The treatment of the topics is clear and always involves engagement with the emperical evidence. The latter is drawn from Europe and the US and the rest of the world. The coverage of topics is good. Review by Shaun P. Hargreaves Heap, University of East Anglica, Textbook Guide May 2005
Table of contents:
Chapter 1 Macroeconomics for the Long Run and for the Short Run Book One: The Long Run: Economic Growth, Long Run Unemployment, and Structural Economic Policy Part I Basic Theory and Empirics about Prosperity and Growth Chapter 2 Some Facts about Prosperity and Growth Chapter 3 Capital Accumulation and Growth: The Basic Solow Model Chapter 4 Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy Part II Exogenous Growth Chapter 5 Technological Progress and Growth: The General Solow Model Chapter 6 Education and Growth: The Solow Model with Human Capital Chapter 7 Limits to Growth? The Solow Model with Scarce Natural Resources Part III Endogenous Growth Chapter 8 Productive Externalities and Endogenous Growth Chapter 9 R&D-Based Models of Endogenous Growth: Macroeconomic Modelling Chapter 10 R&D-Based Models of Endogenous Growth: Micro Foundations Part IV Structural Unemployment Chapter 11 Some Facts and Introductory Theory about Unemployment Chapter 12 Efficiency Wages and Unemployment Chapter 12 Trade Unions and Unemployment Book Two The Short Run: Economic Fluctuations, Short Run Unemployment, and Stabilisation Policy Chapter 14 The Economy in the Short Run: Some Facts about Business Cycles Part V The Building Blocks for the Short Run Model Chapter 15 Investment and Asset Prices Chapter 16 Consumption, Income and Wealth Chapter 17 Monetary Policy and Aggregate Demand Chapter 18 Inflation, Unemployment and Aggregate Supply Part VI The Short Run Model for the Closed Economy Chapter 19 Explaining Business Cycles: Aggregate Supply and Aggregate Demand in Action Chapter 20 Stabilization Policy: Why and How? Chapter 21 Stabilization Policy with Rational Expectations Chapter 22 The Limits to Stabilization Policy: Credibility, Uncertainty and Time Lags Part VII The Short Run Model for the Open Economy Chapter 23 Aggregate Demand and Aggregate Supply in the Open Economy Chapter 24 The Open Economy with Fixed Exchange Rates Chapter 25 The Open Economy with Flexible Exchange Rates Chapter 26 The Choice of Exchange Rate Regime and the Theory of Optimum Currency Areas