Bridging intermediate and advanced macroeconomics study, the authors use empirical examples to introduce students step-by-step to methods of formal macroeconomic analysis, helping them to develop a thorough understanding of fundamental models in growth theory and business cycle theory.
Bridging intermediate and advanced macroeconomics study, the authors use empirical examples to introduce students step-by-step to methods of formal macroeconomic analysis, helping them to develop a thorough understanding of fundamental models in growth theory and business cycle theory.
Peter Birch Sørensen is Professor of Economics at the University of Copenhagen. He is a former Assistant Governor and Chief Economist of the Danish central bank. He has also served as chairman of the Danish Economic Councils, the Danish Productivity Commission, and the Danish Council on Climate Change, and as a consultant for the OECD, the European Commission and the International Monetary Fund. Hans Jørgen Whitta-Jacobsen is Professor of Economics at the University of Copenhagen and former Vice Dean at the university's Faculty of Social Sciences. He has served as chairman of the Danish Economic Councils, as consultant for the Danish government on tax reform and as member of the Danish Commission for Retirement, Attrition and Pensions.
Inhaltsangabe
* 1: Macroeconomics for the long run and for the short run * BOOK ONE: THE LONG RUN: ECONOMIC GROWTH, LONG RUN UNEMPLOYMENT, AND STRUCTURAL ECONOMIC POLICY * 2: Some facts about prosperity and growth * Part One: Work Horse Models for the Long Run * 3: Capital accumulation and growth: the basic Solow model * 4: Wealth accumulation and capital mobility: The Solow Model for a small open economy * Part Two: Exogenous Technological Progress * 5: Technology and growth: the Solow model with technological progress and growth accounting * 6: Education and growth: the Solow model with human capital * 7: Limits to growth? Resource scarcity and climate change * Part Three: Endogenous Growth * 8: Productive externalities and endogenous growth * 9: RandD-based endogenous growth * Part Four: Structural Unemployment * 10: Some facts and introductory theory about unemployment * 11: Efficiency wages and unemployment * 12: Trade unions and unemployment * BOOK TWO: THE SHORT RUN: ECONOMIC FLUCTUATIONS, SHORT RUN UNEMPLOYMENT, AND STABILIZATION POLICY * 13: Business cycles: Facts * 14: Business cycles: Costs * Part Five: The Building Blocks for Short-Run Macroeconomics * 15: Investment and asset prices * 16: Consumption, income, interest rates, and wealth * 17: Monetary policy and aggregate demand * 18: Inflation, unemployment, and aggregate supply * Part Six: Short-Run Macroeconomics for the Closed Economy * 19: Explaining business cycles: aggregate supply and aggregate demand in action * 20: Monetary and fiscal stabilization policy * 21: Business cycles and stabilization policy with rational expectations * 22: Limits to stabilization policy: credibility and uncertainty * Part Seven: Short-Run Macroeconomics for the Open Economy * 23: Aggregate demand and aggregate supply in the open economy * 24: The open economy with fixed exchange rates * 25: The open economy with flexible exchange rates and the choice of exchange rate regime * 26: The economics of monetary union and the European sovereign debt crisis
* 1: Macroeconomics for the long run and for the short run * BOOK ONE: THE LONG RUN: ECONOMIC GROWTH, LONG RUN UNEMPLOYMENT, AND STRUCTURAL ECONOMIC POLICY * 2: Some facts about prosperity and growth * Part One: Work Horse Models for the Long Run * 3: Capital accumulation and growth: the basic Solow model * 4: Wealth accumulation and capital mobility: The Solow Model for a small open economy * Part Two: Exogenous Technological Progress * 5: Technology and growth: the Solow model with technological progress and growth accounting * 6: Education and growth: the Solow model with human capital * 7: Limits to growth? Resource scarcity and climate change * Part Three: Endogenous Growth * 8: Productive externalities and endogenous growth * 9: RandD-based endogenous growth * Part Four: Structural Unemployment * 10: Some facts and introductory theory about unemployment * 11: Efficiency wages and unemployment * 12: Trade unions and unemployment * BOOK TWO: THE SHORT RUN: ECONOMIC FLUCTUATIONS, SHORT RUN UNEMPLOYMENT, AND STABILIZATION POLICY * 13: Business cycles: Facts * 14: Business cycles: Costs * Part Five: The Building Blocks for Short-Run Macroeconomics * 15: Investment and asset prices * 16: Consumption, income, interest rates, and wealth * 17: Monetary policy and aggregate demand * 18: Inflation, unemployment, and aggregate supply * Part Six: Short-Run Macroeconomics for the Closed Economy * 19: Explaining business cycles: aggregate supply and aggregate demand in action * 20: Monetary and fiscal stabilization policy * 21: Business cycles and stabilization policy with rational expectations * 22: Limits to stabilization policy: credibility and uncertainty * Part Seven: Short-Run Macroeconomics for the Open Economy * 23: Aggregate demand and aggregate supply in the open economy * 24: The open economy with fixed exchange rates * 25: The open economy with flexible exchange rates and the choice of exchange rate regime * 26: The economics of monetary union and the European sovereign debt crisis
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