KEY This book traces the history of macroeconomics, the evolution of macroeconomic thought, and the resulting theory and policy. KEY The book places the various macroeconomic theories in the order in which they developed chronologically, and illustrates the similarities and differences of the models. Starting with classical economics and the Keynesian revolution, this book explores the macroeconomic theory after Keynes, open economy macroeconomics, economic policy, and sectoral functions. Financial officers and professionals making pecuniary decisions and analyses.
Am I using my macroeconomic theory text book to reach my annual reading goal? Yes. But's it's still a book and I still read it cover to cover so fight me.
It was our first introduction to Macroeconomics in M.Sc. Coursework. Very intuitive yet self explanatory. Builds up from very basics. the case studies of FED are in fact very helpful in applying the theory's (Hands on Practice)
Well read! It's written more in an academic manner than that of textbook. The only deficiency is it lacks good exercise. It's completely devoid of numerical problems.
This book renders the evolution of the major schools of Macroeconomic thought. I like the chronological approach that the book follows. When commencing my studies in Economics I was solely interested in current economic models as I judged only them to be relevant. I changed my mind however when I matured and realized that Economic models are not doctrine, as championed by a few, but very vocal, Economists. Older models have very important things to say as well. This book makes you see Economics as an evolving thing whose mutations depend on what the technological, cultural and socio-political environments look like when the theories are formed. Professor Froyen's renditions of the models are intellectually refreshing and clear, I particularly appreciate the way he discusses the differences between them throughout the book. I think any social scientist (economist, historian, or other) will find the book intellectually enriching. It only requires basic skills in algebra as the main analytical tool used is graphing. For the non-economist it also has a glossary of economic terms at the end of the book.