ABSTRACT
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 macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.
TABLE OF CONTENTS
chapter |3 pages
Introduction
part |45 pages
The Long Run
chapter |12 pages
The Malthusian World
chapter |10 pages
The Solow Growth Model
chapter |13 pages
Endogenous Growth Theory
chapter |8 pages
The Overlapping Generations Model
part |48 pages
The Short and Medium Run
chapter |5 pages
Equilibrium Business Cycles
chapter |7 pages
Financial Crises
chapter |15 pages
Consumption and Saving
chapter |8 pages
Investment and Asset Markets
chapter |11 pages
Unemployment and the Labor Market
part |51 pages
Macroeconomic Policy