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Macroeconomic Theory (Hardcover, New) Loot Price: R1,633
Discovery Miles 16 330
Macroeconomic Theory (Hardcover, New): Jean-Pascal Benassy

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Macroeconomic Theory (Hardcover, New)

Jean-Pascal Benassy

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Loot Price R1,633 Discovery Miles 16 330 | Repayment Terms: R152 pm x 12*

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This graduate textbook is a "primer" in macroeconomics. It starts with essential undergraduate macroeconomics and develops in a simple and rigorous manner the central topics of modern macroeconomic theory including rational expectations, growth, business cycles, money, unemployment, government policy, and the macroeconomics of nonclearing markets. The emphasis throughout the book is on both foundations and presenting the simplest model for each topic that will deliver the relevant answers. The first two chapters recall the main workhorses of undergraduate macroeconomics: the Solow-Swan growth model, the Keynesian IS-LM model, and the Phillips curve. The next chapters present four fundamental "building blocks" of modern macroeconomics: rational expectations, intertemporal dynamic models, nonclearing markets and imperfect competition, and uncertainty. Later the book deals with growth, notably the Ramsey model, overlapping generations, and endogenous growth. Chapter 10 moves to the famous "real business cycles" (RBC), which integrate in a unified framework growth and fluctuations. The final chapters look at the issue of stabilization, how best to guard the economy from shocks, and the connections between politics and the macroeconomy. To make the book self contained, a mathematical appendix gives a number of simple technical results that are sufficient to follow the formal developments of the book.


Imprint: Oxford UniversityPress
Country of origin: United States
Release date: May 2011
First published: April 2011
Authors: Jean-Pascal Benassy (Director of Research)
Dimensions: 259 x 183 x 36mm (L x W x T)
Format: Hardcover
Pages: 608
Edition: New
ISBN-13: 978-0-19-538771-1
Categories: Books > Business & Economics > Economics
Books > Business & Economics > Economics > Macroeconomics
Books > Business & Economics > Economics > Economic systems
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Economics > Economic systems > General
Books > Varsity Textbooks
Books > Academic & Education
Books > Academic & Education > Varsity Textbooks > Economics
Books > Academic & Education > UCT
Books > Academic & Education > UCT > Business & Economics
Books > Academic & Education > UCT > Economics
LSN: 0-19-538771-6
Barcode: 9780195387711

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