Bernhard Felderer, Stefan Homburg

Macroeconomics and New Macroeconomics

• Broschiertes Buch

Produktbeschreibung

This book gives a comprehensive account of traditional and more recent developments in macroeconomic theory. It is primarily written for students at the intermediate level. The book differs from the customary expositions in that the authors do not discuss topic by topic, but doctrine by doctrine. Thus, the main approaches, such as Classical theory, Keynesian theory, theory of portfolio selection, monetarism, rational expectations theory, and Neokeynesian "disequilibrium" theory, are presented in historical order. Each of these approaches is substantiated and criticized in a self-contained chapter, and the authors have taken great efforts to bring out the relations and differences between them. A Mathematical Appendix contains reviews of those mathematical facts which are especially important to macroeconomic models and makes the text easy to read.

Produktdetails

• Verlag: Springer / Springer Berlin Heidelberg / Springer, Berlin
• Artikelnr. des Verlages: 978-3-540-18004-3
• 1987.
• Seitenzahl: 348
• Erscheinungstermin: 20. Juli 1987
• Englisch
• Abmessung: 244mm x 170mm x 19mm
• Gewicht: 601g
• ISBN-13: 9783540180043
• ISBN-10: 3540180044
• Artikelnr.: 36111680

Inhaltsangabe

Definitions of Variables.- One. Fundamentals.- I. Some Methodological Considerations.- II. A Historical Survey.- III. National Income Accounting.- Two. Macroeconomics.- 17 Introduction to Part Two.- IV. The Classical Theory.- V. The Keynesian Theory.- VI. Political Implications: A Comparison.- Three. New Macroeconomics.- 59 Introduction to Part Three.- VII. The Real-Balance Effect.- VIII. The Theory of Portfolio Selection.- IX. Monetarism.- X. New Classical Economics.- XI. Neokeynesian Theory.- Mathematical Appendix.- 1. Calculus of Functious of a Single Variable.- 1.1 Functions of a Single Variable.- 1.2 Derivatives.- 1.3 Taylor's Theorem.- 1.4 Differentials.- 1.5 Concavity and Convexity.- 1.6 Maxima and Minima.- * 1.7 Profit Maximization.- 2. Linear Algebra.- 2.1 Vectors.- 2.2 Matrices and Determinants.- 2.3 Simultaneous Linear Equations.- 2.4 Characteristic Value Problems.- 2.5 Quadratic Forms.- 3. Calculus of Functious of Several Variables.- 3.1 Functions of Several Variables.- 3.2 Partial Derivatives. Gradients.- 3.3 Chain Rule.- 3.4 Taylor's Theorem.- 3.5 Partial and Total Differentials.- 3.6 Concavity and Convexity.- 3.7 Maxima and Minima.- 3.8 Maxima and Minima under Constraints.- * 3.9 Profit Maximization.- 4. Implicit Functious.- 4.1 Explicit and Implicit Functions.- 4.2 Implicit Differentiation with Two Variables.- 4.3 Implicit Function Theorem.- * 4.4 The Slope of Equilibrium Loci.- * 4.5 Properties of Demand Functions.- * 4.6 Fiscal Policy in the Keynesian Model.- 5. Ordinary Differential Equatious.- 5.1 Function Equations and Functional Equations.- 5.2 Solution of a Linear Differential Equation.- * 5.3 Stability of a Market.- 5.4 Solution of Simultaneous Differential Equations.- * 5.5 Stability of the IS/LM Model.- * 5.6 Stability of the Neokeynesian Model.- Further Reading.- Author Index.