Foundations of Modern Macroeconomics / Edition 2

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Highlights of this new edition:

· Chapters substantially revised to reflect current thinking in macroeconomics

· Includes 31 boxed case studies that are easily cross-referenced

· New material added and empirical data updated to better reflect labor market developments during the last three decades

· Streamlined mathematical appendix

Advanced macroeconomics can seem a daunting prospect. Complex and poorly defined, infected with a variety of conflicting approaches, it is difficult for the student to get an overall picture of what there is and how it fits in. Foundations of Modern Macroeconomics is aimed at getting around this fundamental problem: it deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought. Each chapter deals with a separate area of macroeconomics, and each contains a summary section of key points and a further reading list, enabling the student to check what has been learnt and investigate further in other books.

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Product Details

  • ISBN-13: 9780199210695
  • Publisher: Oxford University Press
  • Publication date: 8/31/2009
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 816
  • Product dimensions: 7.40 (w) x 9.60 (h) x 1.70 (d)

Meet the Author

Ben J. Heijdra is Professor of Economics at the University of Groningen. Professor Heijdra is also a Visiting Research Professor at the Institute for Advanced Studies (Institut für Höhere Studien) in Vienna, and a Fellow of the CESifo Research Network (Munich). His research focuses on policy-relevant theoretical macroeconomics.

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Table of Contents

Detailed Contents
List of Figures
List of Tables
1 Who is Who in Macroeconomics? 1
2 Dynamics in Aggregate Supply and Demand 29
3 Rational Expectations and Economic Policy 60
4 Anticipation Effects and Economic Policy 80
5 The Macroeconomics of Quality Rationing 106
6 The Government Budget Deficit 134
7 A Closer Look at the Labour Market 159
8 Trade Unions and the Labour Market 187
9 Search in the Labour Market 213
10 Macroeconomic Policy, Credibility, and Politics 236
11 The Open Economy 261
12 Money 311
13 New Keynesian Economics 359
14 Theories of Economic Growth 404
15 Real Business Cycles 477
16 Intergenerational Economics, I 540
17 Intergenerational Economics, II 589
Epilogue 652
Mathematical Appendix 658
Bibliography 704
Index 735
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