Introducing Advanced Macroeconomics
Growth and Business Cycles
3rd Edition
Published on 18. July 2022
Book
Paperback/Softback
960 pages
978-0-19-885049-6 (ISBN)
Description
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.
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.
Reviews / Votes
Engaging and precise: the best book in the market to teach serious macroeconomics to undergraduates. * Ricardo Nunes, Professor of Economics, University of Surrey * Thorough and rigorous, providing a solid grounding in modern macroeconomics. * Jonathan Perraton, Senior Lecturer in Economics, University of Sheffield * A unique combination of rigor and relevance, including informative and challenging exercises. * Klas Fregert, Associate Professor, Lund University *More details
Edition
3rd Revised edition
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Edition type
Revised edition
Dimensions
Height: 264 mm
Width: 196 mm
Thickness: 36 mm
Weight
1764 gr
ISBN-13
978-0-19-885049-6 (9780198850496)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Previous edition
Peter Sorensen | Hans Whitta-Jacobsen
Introducing Advanced Macroeconomics: Growth and Business Cycles
Growth and Business Cycles
Book
04/2010
2nd Edition
McGraw Hill Higher Education
€80.59
Article exhausted; check for reprint
Persons
Peter Birch Sorensen is Professor of Economics at the University of Copenhagen. He is a former Assistant Governor and Chief Economist of the Danish central bank. He has also served as chairman of the Danish Economic Councils, the Danish Productivity Commission, and the Danish Council on Climate Change, and as a consultant for the OECD, the European Commission and the International Monetary Fund.
Hans Jorgen Whitta-Jacobsen is Professor of Economics at the University of Copenhagen and former Vice Dean at the university's Faculty of Social Sciences. He has served as chairman of the Danish Economic Councils, as consultant for the Danish government on tax reform and as member of the Danish Commission for Retirement, Attrition and Pensions.
Hans Jorgen Whitta-Jacobsen is Professor of Economics at the University of Copenhagen and former Vice Dean at the university's Faculty of Social Sciences. He has served as chairman of the Danish Economic Councils, as consultant for the Danish government on tax reform and as member of the Danish Commission for Retirement, Attrition and Pensions.
Content
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