Modern Macroeconomics
A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications.The modern study and analysis of macroeconomics begins by considering how microeconomic units--consumers and firms--mak… Celý popis ↓
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Popis Modern Macroeconomics
Modern Macroeconomics
A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications.The modern study and analysis of macroeconomics begins by considering how microeconomic units--consumers and firms--make decisions, and then investigates how these choices interact to yield economy-wide outcomes. It does so by adopting the representative agent paradigm. This innovative textbook takes this "modern" approach, teaching macroeconomics through its microeconomic foundations.
Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies.
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