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Robert Barro's Macroeconomics has become the classic textbook presentation of the equilibrium approach to macroeconomics. In its first four editions, this book has shown undergraduates how market-clearing models with strong microeconomic foundations can be used to understand real-world phenomen...
|a 1. The approach to macroeconomics. -- 2. Work effort, production, and consumption, the economics of Robinson Crusoe. -- 3. The behavior of households with markets for commodities and credit. -- 4. The demand for money. -- 5. The basic market-clearing model. -- 6. The labor market. -- 7. An introduction to inflation and interest rates. -- 8. Money, inflation, and interest rates in the market-clearing model. -- 9. Investment and real business cycles. -- 10. Unemployment. -- 11. Economic growth. -- 12. Government consumption and public services. -- 13. Taxes and transfers. -- 14. The public debt. -- 15. World markets in goods and credit. -- 16. Exchange rates. -- 17. Financial intermediation. -- 18. The interplay between nominal and real variables, what is the evidence?. -- 19. Money and business fluctuations in the market-clearing model. -- 20. The Keynesian theory of business fluctuations.
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|a Robert Barro's Macroeconomics has become the classic textbook presentation of the equilibrium approach to macroeconomics. In its first four editions, this book has shown undergraduates how market-clearing models with strong microeconomic foundations can be used to understand real-world phenomena and to evaluate alternative macroeconomic policies. Moreover, a single, unified framework works as well for short-term business fluctuation as for long-term economic growth. This latest edition includes the most recent theoretical and empirical developments in economic growth, recent evidence on the macroeconomics of labor markets and public finance, and up-to-date results on the interplay between nominal and real variables.
