Essentials of Advanced Macroeconomic Theory

by Ola Olsson

Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and always in equilibrium appears to have taken a heavy blow. However, the jury is still out on which areas should be considered as failures and what which constitute the future of research.

The overall aim of this text is to provide a compact overview of the contributions that are currently regarded as the most important for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that all advanced students in macroeconomics should be acquainted with.

The result is a compact text that should act as the perfect complement to further study of an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.

Kindle Edition

First published January 1, 2012

Reviews

[Harlan]

Didn't finish this, but got what I wanted out of it, which was a better understanding of the types of mathematical models economists use to understand business cycles, growth, employment, etc. The book moves very quickly, but is clearly written for those with a background that includes calculus. Mostly comprehensible without a strong econ background.

[Mohamad Jaber · Rating 5 out of 5]

excellent book for anyone who took intermediate macroeconomics and wants to broaden his knowledge in the field. It starts of by explaining growth theories then moves in to short run fluctuations (random walk...real business cycle...the permanent income hypothesis...) but i wouldn't advise this book for someone with no prerequisite knowledge about the subject.