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Full Description
This work contains models to help illustrate the disagreements over answers to research questions and show students how to evaluate strengths and weaknesses of the contemporary leading views on macroeconomics. End-of-chapter problems are a substantial section of the book and further expand discussion of the broad spectrum of ideas presented with each topic. Balanced treatment of competing theories aim to aid classroom discussion and student judgments of material.
Contents
The Solow growth model; infinite-horizon and overlapping-generations models; new growth theory; real-business-cycle theory; traditional Keynesian theories of fluctuations; microeconomic foundations of incomplete nominal adjustment; consumption; investment; unemployment and the labour market; inflation and monetary policy; budget deficits and fiscal policy.
