Advance Macroeconomics, David Romer, 1996

Author: McGraw-Hill
Publisher: Bukupedia
Category: Business & Economics
Page: 550
View: 5439
Study Macroeconomics

ACRN Proceedings in Finance and Risk Series ‘13

Proceedings of the 13th FRAP Conference in Cambridge
Author: Dr. Othmar M. Lehner,Dr. Richard Harrison
Publisher: ACRN Publishing House
ISBN: 3950351817
Category: Business & Economics
Page: 587
View: 3584
Proceedings of the 14th FRAP Finance, Risk and Accounting Perspectives conference taking place in Cambridge UK.

Essentials of Advanced Macroeconomic Theory

Author: Ola Olsson
Publisher: Routledge
ISBN: 1136494618
Category: Business & Economics
Page: 152
View: 4699
Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research. The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with. The result is a compact text that should act as the perfect complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.


Author: Paul Anthony Samuelson,William D. Nordhaus
Publisher: Irwin/McGraw-Hill
ISBN: 9780070164949
Category: Macroeconomics
Page: 403
View: 9827
Samuelson's text was first published in 1948, and it remains the standard bearer for principles courses. This revision continues to be a clear, accurate introduction to macroeconomics.

Advances in Economic Design

Author: Murat R. Sertel,Semih Koray
Publisher: Springer Science & Business Media
ISBN: 3662056119
Category: Business & Economics
Page: 458
View: 939
Some of the finest and most recent research in economic and political design is presented. Among the authors are several prominent academics as well as many new and promising researchers. They investigate social choice and electoral systems, auctions, matching, bargaining, coalitional stability and efficiency, regulation, the design of rights, mechanisms, games, hierarchies and information. The book is bound to become a standard reference as a collection displaying where we are and where we are going in a broad spectrum of areas in economic design.

Lectures on Behavioral Macroeconomics

Author: Paul De Grauwe
Publisher: Princeton University Press
ISBN: 1400845378
Category: Business & Economics
Page: 152
View: 3881
In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shocks. The combination of these shocks and the slow adjustments of wages and prices by rational agents leads to cyclical movements. In this book, Paul De Grauwe argues for a different macroeconomics model--one that works with an internal explanation of the business cycle and factors in agents' limited cognitive abilities. By creating a behavioral model that is not dependent on the prevailing concept of rationality, De Grauwe is better able to explain the fluctuations of economic activity that are an endemic feature of market economies. This new approach illustrates a richer macroeconomic dynamic that provides for a better understanding of fluctuations in output and inflation. De Grauwe shows that the behavioral model is driven by self-fulfilling waves of optimism and pessimism, or animal spirits. Booms and busts in economic activity are therefore natural outcomes of a behavioral model. The author uses this to analyze central issues in monetary policies, such as output stabilization, before extending his investigation into asset markets and more sophisticated forecasting rules. He also examines how well the theoretical predictions of the behavioral model perform when confronted with empirical data. Develops a behavioral macroeconomic model that assumes agents have limited cognitive abilities Shows how booms and busts are characteristic of market economies Explores the larger role of the central bank in the behavioral model Examines the destabilizing aspects of asset markets

Principles of Macroeconomics

Author: Robert H. Frank,Ben Bernanke,Louis Dorrance Johnston
Publisher: McGraw-Hill Higher Education
ISBN: 9780073362656
Category: Business & Economics
Page: 508
View: 3622
In recent years, innovative texts in mathematics, science, foreign languages, and other fields have achieved dramatic pedagogical gains by abandoning the traditional encyclopedic approach in favor of attempting to teach a short list of core principles in depth. Two well-respected writers and researchers, Bob Frank and Ben Bernanke, have shown that the less-is-more approach affords similar gains in introductory economics. Although a few other texts have paid lip service to this new approach, Frank/Bernanke is by far the best throughout, and the best executed principles text in this mold. Avoiding excessive reliance on formal mathematical derivations, it presents concepts intuitively through examples drawn from familiar contexts. The authors introduce a coherent short list of core principles and reinforce them by illustrating and applying each in numerous contexts. Students are periodically asked to apply these principles and to answer related questions and exercises. Frank/Bernanke also encourages students to become eoeEconomic Naturalists,e by employing basic economic principles to understand and explain what they observe in the world around them. An economic naturalist understands, for example, that infant safety seats are required in cars but not in airplanes because the marginal cost of space to accommodate these seats is typically zero in cars but often hundreds of dollars in airplanes. Such examples engage student interest while teaching them to see each feature of their economic landscape as the reflection of an implicit or explicit cost-benefit calculation.

SSRI Reprint Series

Author: University of Wisconsin--Madison. Social Systems Research Institute
Publisher: N.A
Page: N.A
View: 4599

International Economics, Globalization, and Policy

A Reader
Author: Philip King,Sharmila King
Publisher: McGraw-Hill/Irwin
ISBN: 9780073375816
Category: Business & Economics
Page: 376
View: 7010
The King reader is a collection of articles on international economics by leading economists drawn from various scholarly sources (e.g., Foreign Affairs, Current Issues in Economics and Finance, Finance and Development, Federal Reserve Publications, the Journal of Economic Perspectives). Previously known as International Economics and International Economic Policy, the new title is briefer and yet more descriptive, since the term globalization has been added to reflect the content of the book, which is also used in courses devoted to globalization, particularly the economic aspects of globalization. The Fifth Edition focuses on real debates within the discipline of economics and political economy, not on phony “pro-cons” debates which often obscure the real issues. The reader continues to be unique as the most relevant in today's market.