The study of macroeconomics can seem like a daunting task. The field is complex and sometimes poorly defined, with a variety of competing approaches. It is easy for undergraduate students and novice graduate students to get lost in the maze of macroeconomics and the mathematics it extensively uses. Foundations of Modern Macroeconomics serves as a guide for the interested and ambitious student. Unbiased in its approach, it covers all the main topics, summarizing the important approaches and providing the reader with a coherent perspective on all aspects of macroeconomic thought.
Each chapter deals with a distinct area of macroeconomics and contains a section summarizing key points and a list for further reading. Using only basic undergraduate-level mathematical knowledge, it guides the student from basic IS-LM type macroeconomic models to the cutting-edge literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks where they first appear.
Fully updated and substantially revised, this third edition of Foundations of Modern Macroeconomics includes new chapters covering highly topical subjects such as dynamic programming, competitive risk-sharing equilibria, and the New Keynesian DSGE approach.
Pages: 944, Dimensions: 19.7x19.7cm
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