Advanced Macroeconomics: An Introduction for Undergraduates Hardcover - 2020
by Angus Chi Chu
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Dynamic general equilibrium is the foundation of modern macroeconomics. Chapter 1 begins with a simple static model to demonstrate the concept of general equilibrium. Chapters 2 to 4 cover the neoclassical growth model, exploring the effects of exogenous changes in technology: an important source of business cycle fluctuations. Chapters 5 to 7 use the neoclassical growth model to explore the effects of fiscal policy instruments such as government spending, labour income tax and capital income tax. Chapter 8 develops a simple New Keynesian model to analyse the effects of monetary policy. Chapter 9 begins the analysis of economic growth by reviewing the Solow growth model. Chapters 10 to 12 present the Ramsey model and introduce different market structures to the model to lay down the foundation of the Romer model. Chapter 13 incorporates an R&D sector into the Ramsey model with a monopolistically competitive market structure to develop the Romer model of endogenous technological change. Chapters 14 to 15 examine the implications of the Romer model. Chapter 16 concludes this book by presenting the Schumpeterian growth model and examining its different implications from the Romer model.
Details
- Title Advanced Macroeconomics: An Introduction for Undergraduates
- Author Angus Chi Chu
- Binding Hardcover
- Pages 172
- Volumes 1
- Language ENG
- Publisher World Scientific Publishing Europe Ltd
- Date 2020-10-26
- Features Bibliography, Index
- ISBN 9781786349125 / 1786349124
- Weight 0.88 lbs (0.40 kg)
- Dimensions 9 x 6 x 0.44 in (22.86 x 15.24 x 1.12 cm)
- Library of Congress subjects Macroeconomics
- Library of Congress Catalog Number 2020037076
- Dewey Decimal Code 339
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Advanced Macroeconomics: An Introduction For Undergraduates
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