Foundations of Modern Macroeconomics

Author:   Ben J. Heijdra (Professor of Macroeconomics, Professor of Macroeconomics, University of Groningen, The Netherlands)
Publisher:   Oxford University Press
Edition:   3rd Revised edition
ISBN:  

9780198784135


Pages:   944
Publication Date:   27 July 2017
Format:   Paperback
Availability:   To order   Availability explained
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Foundations of Modern Macroeconomics


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Overview

The study of macroeconomics can seem a daunting project. The field is complex and sometimes poorly defined and there are a variety of competing approaches. It is easy for the senior bachelor and starting master student to get lost in the forest of macroeconomics and the mathematics it uses extensively. Foundations of Modern Macroeconomics is a guide book for the interested and ambitious student. Non-partisan in its approach, it deals with all the major topics, summarising the important approaches and providing the reader with 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. Using nothing more than undergraduate mathematical skills, it takes the student from basic IS-LM style macro models to the state of the art literature on Dynamic Stochastic General Equilibrium, explaining the mathematical tricks used where they are first introduced. Fully updated and substantially revised, this third edition of Foundations of Modern Macroeconomics now includes brand new chapters covering highly topical subjects such as dynamic programming, competitive risk sharing equilibria and the New Keynesian DSGE approach.

Full Product Details

Author:   Ben J. Heijdra (Professor of Macroeconomics, Professor of Macroeconomics, University of Groningen, The Netherlands)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Edition:   3rd Revised edition
Dimensions:   Width: 19.70cm , Height: 5.10cm , Length: 24.70cm
Weight:   1.820kg
ISBN:  

9780198784135


ISBN 10:   0198784139
Pages:   944
Publication Date:   27 July 2017
Audience:   Adult education ,  Further / Higher Education
Format:   Paperback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Intermediate macroeconomics 1: Review of the AD-AS model 2: The open economy 3: Dynamics in aggregate demand and supply 4: Perfect foresight and economic policy 5: Rational expectations and economic policy 6: The government budget deficit 7: A closer look at the labour market 8: Search in the labour market 9: Dynamic inconsistency in public and private decision making Towards advanced macroeconomics 10: Money 11: New Keynesian economics 12: Exogenous economic growth - Solow-Swan 13: Exogenous economic growth - Ramsey-Cass-Koopmans 14: Endogenous economic growth 15: Overlapping generations in continuous time 16: Overlapping generations in discrete time Stochastic general equilibrium macroeconomics 17: Decision making in a stochastic environment 18: Dynamic schochastic general equilibrium - New classical models 19: Dynamic schochastic general equilibrium - New Keynesian models Mathematical appendix

Reviews

This textbook fills a much needed gap between standard intermediate macro textbooks and the more advanced ones used in Ph.D training. It takes the student by the hand to lift them out of IS-LM and introduce them gently to the tools used in todays macroeconomic research. * Professor David de la Croix, Professor of Economics, Universite catholique de Louvain * This wonderful book provides a balanced and accessible account of modern macroeconomic theory. Both neoclassical and New Keynesian theories are presented in a consistent framework. Graduate students as well as advanced undergraduate students will find it an invaluable source of information. * Dirk Krueger, Professor, Department of Economics, University of Pennsylvania * A remarkably clear and coherent presentation of nearly all the analytical and conceptual tools one needs to be a good macroeconomist, from the short run to the long run, from simple to more complex models, from the closed to the open economy. An impressive tour de force. * Olivier Blanchard, Robert Solow Professor of Economics, Emeritus, MIT; Fred Bergsten Senior Fellow, Peterson Institute for International Economics * This is a good addition to the textbook market. The coverage of topics is comprehensive and it takes students from an intermediate to graduate level with commendable ease * Shaun Hargreaves Heap, University of East Anglia * Review from previous edition This book will be an extremely valuable addition to the reading list for core graduate macroeconomics courses. It provides a fair and balanced account of the different schools of macroeconomic thought and the current state of the discipline. A large number of topics are treated; the sections which cover technical material are particularly praiseworthy. The authors convey a sense of enthusiasm about the subject and show that macroeconomics can, indeed, be exciting * Professor John Fender, University of Birmingham *


Review from previous edition This book will be an extremely valuable addition to the reading list for core graduate macroeconomics courses. It provides a fair and balanced account of the different schools of macroeconomic thought and the current state of the discipline. A large number of topics are treated; the sections which cover technical material are particularly praiseworthy. The authors convey a sense of enthusiasm about the subject and show that macroeconomics can, indeed, be exciting Professor John Fender, University of Birmingham This is a good addition to the textbook market. The coverage of topics is comprehensive and it takes students from an intermediate to graduate level with commendable ease Shaun Hargreaves Heap, University of East Anglia


Author Information

Ben J. Heijdra received his education in the Netherlands and in Canada. Before joining the Faculty of Economics and Business of the University of Groningen in the Spring of 1998 he held academic positions at various universities in Australia and the Netherlands. His research focuses on policy-relevant (theoretical) macroeconomics. Topics include ageing and macroeconomic performance, annuitization and the macro-economy, and environmental macroeconomics. Heijdra is a Senior Researcher of Netspar, a network dedicated to the study of ageing and pension issues, and a Fellow of CESifo (Munich). He has been on the editorial board of De Economist since January 2005.

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