000			02740 a2200253 4500
003			OSt
005			20220728103731.0
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020			_a9780000990457
040			_cIIT Kanpur
041			_aeng
082			_a339 _bC47a
100			_aChu, Angus C.
245			_aAdvanced macroeconomics _ban introduction for undergraduates _cAngus C. Chu; foreword by Guido Cozzi
260			_bWorld Scientific _c2021 _aNew Jersey
300			_axx, 149p
500			_aWith contributions from Xilin Wang;
500			_aWorld Scientific low-price edition
520			_aForeword by Guido Cozzi (University of St. Gallen, Switzerland)Advanced Macroeconomics covers selected topics in advanced macroeconomics at the undergraduate level and bridges the gap between intermediate macroeconomics for undergraduates and advanced macroeconomics for postgraduates. By building on materials in intermediate macroeconomics textbooks and covering the mathematics of some classic dynamic general-equilibrium models, this book will give undergraduate students a firm appreciation of modern developments in macroeconomics. This book examines the implications of government policies (such as fiscal policy, monetary policy, and innovation policy) and devotes several chapters to economic growth, covering the ideas for which Paul Romer was awarded the Nobel Memorial Prize in Economic Sciences in 2018. Dynamic general equilibrium is the foundation of modern macroeconomics. Chapter 1 begins with a simple static model to demonstrate the concept of general equilibrium. Chapters 2 to 4 cover the neoclassical growth model, exploring the effects of exogenous changes in technology: an important source of business cycle fluctuations. Chapters 5 to 7 use the neoclassical growth model to explore the effects of fiscal policy instruments such as government spending, labor income tax, and capital income tax. Chapter 8 develops a simple New Keynesian model to analyze the effects of monetary policy. Chapter 9 begins the analysis of economic growth by reviewing the Solow growth model. Chapters 10 to 12 present the Ramsey model and introduce different market structures to the model to lay down the foundation of the Romer model. Chapter 13 incorporates an R&D sector into the Ramsey model with a monopolistically competitive market structure to develop the Romer model of endogenous technological change. Chapters 14 to 15 examine the implications of the Romer model. Chapter 16 concludes this book by presenting the Schumpeterian growth model and examining its different implications from the Romer model.
650			_aMacroeconomics
700			_aCozzi, Guido [fore.]
700			_aWang, Xilin [con.]
942			_cBK
999			_c565840 _d565840