Understanding Macroeconomic Theory

John M. Barron, Bradley T. Ewing, Gerald J. Lynch - Collection Routledge Advanced Texts in Economics and Finance

234 pages, parution le 17/01/2005

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Résumé

At each point in time, individuals in an economy are making choices with respect to the acquisition, sale, and/or use of a variety of different goods. Such activity can be summarized by aggregate variables such as an economy's total production of various goods and services, the aggregate level of unemployment, the general level of interest rates, and the overall level of prices. Macroeconomics is the study of movements in such economy-wide variables as output, employment, and prices.

The focus of this book is on developing simple theoretical models that provide insight into the reasons for fluctuations in such aggregate variables. These models explore how shocks or "impulses" to the economy impact individuals' behavior in specific markets and the resulting implications in terms of changes in aggregate variables.

Understanding Macroeconomic Theory will provide the reader with an in-depth understanding of standard theoretical models: Walrasian, Keynesian and neoclassical. It is written in a concise, accessible style and will be an indispensable tool for all students who wish to gain firm grounding in the complexities of macroeconomic theories.

L'auteur - John M. Barron

John M. Barron is the Loeb Professor of Economics in the Krannert School of Management at Purdue University.

L'auteur - Bradley T. Ewing

Bradley T. Ewing is the Jerry S. Rawls Endowed Professor in Operations Management in the Rawls College of Business at Texas Tech University.

L'auteur - Gerald J. Lynch

Gerald J. Lynch is Professor of Economics in the Krannert School of Management at Purdue University.

Sommaire

Introduction
Walrasian economy
Firms as market participants
Households as market participants
Summarizing the behavior and constraints of firms and households
The simple neoclassical macroeconomic model (without government or depository institutions)
Empirical macroeconomics: traditional approaches and time series models
The neoclassical model
The "Keynesian model" with fixed money wage: modifying the neoclassical model
The Lucas model
Policy
Open economy
Notes
References
Index

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Routledge
Auteur(s)	John M. Barron, Bradley T. Ewing, Gerald J. Lynch
Collection	Routledge Advanced Texts in Economics and Finance
Parution	17/01/2005
Nb. de pages	234
Format	15,5 x 23,5
Couverture	Broché
Poids	369g
Intérieur	Noir et Blanc
EAN13	9780415701969
ISBN13	978-0-415-70196-9