Macroeconomics

by Farmer, Roger E. A.

• ISBN13: 9780324069716
• ISBN10: 0324069715
• Edition: 2nd
• Format: Hardcover
• Copyright: 2001-07-31
• Publisher: South-Western College Pub

Summary

Combining the best of traditional and modern approaches to macroeconomics, Farmer is the first book in the Intermediate market to genuinely fill the gap between the macroeconomics taught to graduate students and the macroeconomics taught to undergraduates. It begins with the traditional IS-LM and AD-AS models that have been the staples of undergraduate macro courses for decades, and then the second half of the book introduces newer, dynamic theories of macroeconomics, including various growth models. The result is a text that describes the emerging consensus view of macro.

Author Biography

Roger E. A. Farmer is a Professor of Economics at UCLA, where he has been teaching graduate and undergraduate macroeconomics since 1988

Table of Contents

PART A: Introduction and Measurement	1	(82)
What This Book Is About	3	(22)
Measuring the Economy	25	(28)
Macroeconomic Facts	53	(30)
PART B: The Classical Approach to Aggregate Demand and Supply	83	(88)
The Theory of Aggregate Supply	85	(26)
Aggregate Demand and the Classical Theory of the Price Level	111	(28)
Saving and Investment	139	(32)
PART C: The Modern Approach to Aggregate Demand and Supply	171	(138)
Unemployment	173	(20)
The New-Keynesian Theory of Aggregate Supply	193	(16)
The Demand for Money and the LM Curve	209	(20)
The Supply of Money	229	(16)
The IS Curve	245	(16)
IS-LM and Aggregate Demand	261	(20)
The Open Economy	281	(28)
PART D: Dynamic Macroeconomics	309	(128)
The Government Budget	311	(22)
Neoclassical Growth Theory	333	(24)
Endogenous Growth Theory	357	(24)
Unemployment, Inflation, and Growth	381	(22)
Expectations and Macroeconomics	403	(26)
What We Know and What We Don't	429	(8)
Appendix	437	(6)
Glossary	443	(7)
Index	450