Understanding macroeconomic theory 1st Edition by Bradley T Ewing, John M Barron, Gerald J Lynch ISBN 0203088220 9780415701952

Understanding macroeconomic theory 1st Edition by Bradley T Ewing, John M Barron, Gerald J Lynch – Ebook PDF Instant Download/Delivery: 0203088220, 9780415701952
Full download Understanding macroeconomic theory 1st Edition after payment

Product details:

ISBN 10: 0203088220 
ISBN 13: 9780415701952
Author: Bradley T Ewing, John M Barron, Gerald J Lynch

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.

Understanding macroeconomic theory 1st Table of contents:

1 Introduction 1
2 Walrasian economy 7
3 Firms as market participants 18
4 Households as market participants 39
5 Summarizing the behavior and constraints of firms and
households 64
6 The simple neoclassical macroeconomic model (without
government or depository institutions) 78
7 Empirical macroeconomics: traditional approaches and time
series models 96
8 The neoclassical model 116
9 The “Keynesian model” with fixed money wage: modifying
the neoclassical model 130
10 The Lucas model 146
11 Policy 167
12 Open economy 186

People also search for Understanding macroeconomic theory 1st:

macroeconomic theory examples
    
macroeconomic theory definition
    
why is understanding macroeconomics important
    
macroeconomics understanding the market system
    
test your understanding of macroeconomic indicators

Tags: Bradley T Ewing, John M Barron, Gerald J Lynch, macroeconomic