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Macroeconomics: An Integrated Approach
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Macroeconomics: An Integrated Approach Hardcover - 1998

by Alan J. Auerbach; Laurence J. Kotlikoff


From the publisher

Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework -- the two-period life-cycle model -- to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods: youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.

Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.

Details

  • Title Macroeconomics: An Integrated Approach
  • Author Alan J. Auerbach; Laurence J. Kotlikoff
  • Binding Hardcover
  • Edition [ Edition: secon
  • Pages 494
  • Volumes 1
  • Language ENG
  • Publisher MIT Press
  • Date 1998-08
  • Illustrated Yes
  • ISBN 9780262011709 / 0262011700
  • Weight 2.29 lbs (1.04 kg)
  • Dimensions 9.32 x 8.18 x 1.02 in (23.67 x 20.78 x 2.59 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Library of Congress subjects Macroeconomics
  • Library of Congress Catalog Number 98006765
  • Dewey Decimal Code 339
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Macroeconomics - 2nd Edition: An Integrated Approach
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Macroeconomics - 2nd Edition: An Integrated Approach

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Macroeconomics : An Integrated Approach
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