Foundations of Modern Macroeconomics by Ben J. HeijdraFoundations of Modern Macroeconomics by Ben J. Heijdra

Foundations of Modern Macroeconomics

byBen J. Heijdra

Paperback | August 26, 2017

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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 usesextensively. 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 DynamicStochastic 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.
Ben J. Heijdra received his education in the Netherlands and in Canada. Before joinin 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. Topi...
Title:Foundations of Modern MacroeconomicsFormat:PaperbackDimensions:1040 pages, 9.69 × 7.44 × 0 inPublished:August 26, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198784139

ISBN - 13:9780198784135

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Table of Contents

Intermediate macroeconomics1. Review of the AD-AS model2. The open economy3. Dynamics in aggregate demand and supply4. Perfect foresight and economic policy5. Rational expectations and economic policy6. The government budget deficit7. A closer look at the labour market8. Search in the labour market9. Dynamic inconsistency in public and private decision makingTowards advanced macroeconomics10. Money11. New Keynesian economics12. Exogenous economic growth - Solow-Swan13. Exogenous economic growth - Ramsey-Cass-Koopmans14. Endogenous economic growth15. Overlapping generations in continuous time16. Overlapping generations in discrete timeStochastic general equilibrium macroeconomics17. Decision making in a stochastic environment18. Dynamic schochastic general equilibrium - New classical models19. Dynamic schochastic general equilibrium - New Keynesian modelsMathematical appendix