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Introducing Advanced Macroeconomics: Growth and Business Cycles

Introducing Advanced Macroeconomics: Growth and Business Cycles

          
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About the Book

Introducing Advanced Macroeconomics covers a rich variety of topics in growth and real business cycles and uses. Beginning with an examination of macroeconomics for the long run before considering the economy in the short run, the third edition continues to help intermediate-level students develop their understanding and technical skills so that they can become comfortable with more advanced macroeconomics material and tools. Recognizing mathematics to be a common area of vulnerability, the authors carefully explain all derivations. They also concentrate on the cornerstone models to ensure students can form a deep comprehension of how to apply and examine them. Discussion is motivated by empirical data throughout, demonstrating how real life and theory are connected, and encouraging readers to dissect model predictions and the policy issues they relate to. Guided exercises at the end of every chapter help students to build their confidence as they tackle more challenging material. Digital formats and resources The third edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources. - The e-book offers a mobile experience and convenient access along with functionality, navigation features, and links that offer extra learning support www.oxfordtextbooks.co.uk/ebooks - This book is accompanied by online resources featuring datasets to support end-of-chapter exercises, instructions on how to perform Hodrick-Prescot filtering in Excel, and solutions to the in-chapter exercises for lecturers.

Table of Contents:
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 2: Some facts about prosperity and growth Part One: Work Horse Models for the Long Run 3: Capital accumulation and growth: the basic Solow model 4: Wealth accumulation and capital mobility: The Solow Model for a small open economy Part Two: Exogenous Technological Progress 5: Technology and growth: the Solow model with technological progress and growth accounting 6: Education and growth: the Solow model with human capital 7: Limits to growth? Resource scarcity and climate change Part Three: Endogenous Growth 8: Productive externalities and endogenous growth 9: R&D-based endogenous growth Part Four: Structural Unemployment 10: Some facts and introductory theory about unemployment 11: Efficiency wages and unemployment 12: Trade unions and unemployment BOOK TWO: THE SHORT RUN: ECONOMIC FLUCTUATIONS, SHORT RUN UNEMPLOYMENT, AND STABILIZATION POLICY 13: Business cycles: Facts 14: Business cycles: Costs Part Five: The Building Blocks for Short-Run Macroeconomics 15: Investment and asset prices 16: Consumption, income, interest rates, and wealth 17: Monetary policy and aggregate demand 18: Inflation, unemployment, and aggregate supply Part Six: Short-Run Macroeconomics for the Closed Economy 19: Explaining business cycles: aggregate supply and aggregate demand in action 20: Monetary and fiscal stabilization policy 21: Business cycles and stabilization policy with rational expectations 22: Limits to stabilization policy: credibility and uncertainty Part Seven: Short-Run Macroeconomics for the Open Economy 23: Aggregate demand and aggregate supply in the open economy 24: The open economy with fixed exchange rates 25: The open economy with flexible exchange rates and the choice of exchange rate regime 26: The economics of monetary union and the European sovereign debt crisis


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Product Details
  • ISBN-13: 9780198850496
  • Publisher: Oxford University Press
  • Publisher Imprint: Oxford University Press
  • Edition: Revised edition
  • Language: English
  • Returnable: Y
  • Sub Title: Growth and Business Cycles
  • Width: 197 mm
  • ISBN-10: 0198850492
  • Publisher Date: 18 Jul 2022
  • Binding: Paperback
  • Height: 265 mm
  • No of Pages: 960
  • Spine Width: 32 mm
  • Weight: 1750 gr


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