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Modern Macroeconomics Hardcover – Illustrated, 16 October 2015

by Sanjay K. Chugh (Author)

17 ratings

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A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications.The modern study and analysis of macroeconomics begins by considering how microeconomic units-consumers and firms-make decisions, and then investigates how these choices interact to yield economy-wide outcomes. This innovative textbook takes this "modern" approach, teaching macroeconomics through its microeconomic foundations. It does so by adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern Macroeconomics is suitable for use in intermediate undergraduate, advanced undergraduate, and graduate level courses.
The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer. It goes on to offer a brief history of macroeconomic thought, including supply-side economics, the Phillips curve, and the New Keynesian framework. It then covers two policy applications, monetary policy and the interaction of monetary and fiscal policy; optimal policy analysis for both the flexible price and the rigid price case; long-run steady states, treating the Solow growth framework and the neoclassical growth model; a search-and-matching framework for the analysis of unemployment; and the application of the tools of modern macroeconomics to "open economy," or international macroeconomics. End-of-chapter problem sets enable students to apply the concepts they have learned. A separate Solutions Manual will be available for students to purchase. Teaching materials, including complete solutions and slides, will be available to qualified instructors.

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Product details

Publisher : MIT Press Academic; 1st edition (16 October 2015)
Language : English
Hardcover : 552 pages
ISBN-10 : 0262029375
ISBN-13 : 978-0262029377
Dimensions : 23.11 x 18.03 x 3.05 cm

Best Sellers Rank: 511,939 in Books (See Top 100 in Books)
- 738 in Macroeconomics (Books)
- 600,767 in Textbooks & Study Guides

Customer Reviews:
17 ratings

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Sanjay Chugh's book is much more than a superb textbook for rigorousundergraduate teaching. By stripping down state-of-the-art models to theirfundamental ingredients and intuitions, it provides an invaluable resource also forgraduate students and researchers who want to refresh their knowledge of importantmodels and results -- or just learn what is really important about them.Fabio Ghironi, Paul F. Glaser Professor of Economics, University ofWashingtonAn engaging and wide-ranging introduction to modern macroeconomics,highlighted by an accessible treatment of optimal monetary and fiscalpolicy.Robert G. King, Professor of Economics, Boston University

About the Author

Sanjay Chugh is Associate Professor of Economics at Ohio State University.

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Amazon Customer

Very good product!

Reviewed in the United Kingdom on 14 November 2016

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As it Described! Very good product!

Sharkbait

Great

Reviewed in the United Kingdom on 9 November 2019

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Wonderful. It is interesting and academic.

International macro guy

Strongly recommended

Reviewed in the United States on 23 August 2016

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The book is superb. It is intended for advanced undergraduates, although graduate students and professionals can also benefit a great deal from reading it. The focus on fiscal policy and on optimal policies is most welcome. I agree with the preceding commenter about Chugh's book being a bit wordy, but that is the price paid so as to reach the undergraduate audience.

2 people found this helpful

Victoria

Got to love getting charged a late fee when your semester isn't even over yet.

Reviewed in the United States on 13 August 2019

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They will charge you a late fee even if your semester is not over yet. So just because "semester rental" does not mean that it will actually last your whole semester.

Very clear

Reviewed in the United States on 9 July 2016

Verified Purchase

Very clear and easy to follow. Explains the economic rationale, and connects different concepts very well. It's a little wordy sometimes though

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Modern Macroeconomics Hardcover – Illustrated, 16 October 2015

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