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Advanced Macroeconomics: Beyond IS/LM Derek Leslie

Advanced Macroeconomics: Beyond IS/LM By Derek Leslie

Advanced Macroeconomics: Beyond IS/LM by Derek Leslie


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Summary

Reviews the idea that an economic variable is driven by past events, current happenings and what is believed might happen in the future - that is a dynamic understanding of economics. Other themes are discussed, such as New Keynesian ideals, and there is a review of the economics of uncertainty.

Advanced Macroeconomics: Beyond IS/LM Summary

Advanced Macroeconomics: Beyond IS/LM by Derek Leslie

This text, which is intended for use at third year undergraduate and introductory graduate level, takes the student beyond the IS/LM model. Advanced Macroeconomics starts from the assumption that an economic variable is driven by past events, current happenings and what is believed might happen in the future - that is a dynamic understanding of economics - a theme that is emphasized throughout. Within this context, rational expectations, for which a thorough and accessible grounding in solution methods is given, are central to the text as well as other methods of forecasting. Some of Sargent's ideals are also reviewed. Other themes are discussed, such as New Keynesian ideas, and there is a review of the economics of uncertainity with several examples. The interface between economics and political decision making is exploredd; can economists pretend to so-called scientific detachment from normative issues? To assist the reader each chapter contains questions throughout and suggested essay topics at the end.

Table of Contents

Introduction.Budget Deficits: National and Private Debt.Is There an Optimal Size for the Government Sector? A New Classical Theory of Inflation.The Mathematics of Rational Expectations.Business Cycles.Uncertainty.Some Implications of Rational Expectations for Macroeconomics.Some New Keynesian Themes.Rules versus Discretion: The Constitutional Perspective.Answers to Problems.

Additional information

GOR013717066
9780077077242
0077077245
Advanced Macroeconomics: Beyond IS/LM by Derek Leslie
Used - Like New
Paperback
McGraw-Hill Education - Europe
1993-02-22
264
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
The book has been read, but looks new. The book cover has no visible wear, and the dust jacket is included if applicable. No missing or damaged pages, no tears, possible very minimal creasing, no underlining or highlighting of text, and no writing in the margins

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