Advanced Macroeconomics: Beyond IS/LM

ISBN-10
0077077245
ISBN-13
9780077077242
Series
Advanced Macroeconomics
Category
Business & Economics
Pages
251
Language
English
Published
1993-01-01
Publisher
McGraw-Hill Book Company Limited
Author
Derek Leslie

Description

This text, which is intended for use at third year undergraduate and introductory graduate level, takes the student beyond the IS/LM model. Advanced Macroeconomics starts from the assumption that an economic variable is driven by past events, current happenings and what is believed might happen in the future - that is a dynamic understanding of economics - a theme that is emphasized throughout. Within this context, rational expectations, for which a thorough and accessible grounding in solution methods is given, are central to the text as well as other methods of forecasting. Some of Sargent's ideals are also reviewed.

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