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Big Ideas in Macroeconomics PDF
By:Kartik B. Athreya
Published on 2013-12-27 by MIT Press

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An accessible description of modern macroeconomics, and a defense of its policy relevance. Macroeconomists have been caricatured either as credulous savants in love with the beauty of their mathematical models or as free-market fundamentalists who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnical description of prominent ideas and models in macroeconomics, and arguing for their value as interpretive tools as well as their policy relevance. Athreya deliberately leaves out the technical machinery, providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice. Athreya describes the main approach to macroeconomic model construction, the foundational Walrasian general-equilibrium framework, and its modern version, the Arrow-Debreu-McKenzie (ADM) model. In the heart of the book, Athreya shows how the Walrasian approach shapes and unifies much of modern macroeconomics. He details models central to ongoing macroeconomic analyses: the neoclassical and stochastic growth models, the standard incomplete-markets model, the overlapping-generations model, and the standard search model. Athreya's accessible primer traces the links between the views and policy advice of modern macroeconomists and their shared theoretical approach.

This Book was ranked at 20 by Google Books for keyword Macroeconomics.

Book ID of Big Ideas in Macroeconomics's Books is yjB7AgAAQBAJ, Book which was written byKartik B. Athreyahave ETAG "A0nhIk6Gew8"

Book which was published by MIT Press since 2013-12-27 have ISBNs, ISBN 13 Code is 9780262314411 and ISBN 10 Code is 026231441X

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Book which have "432 Pages" is Printed at BOOK under CategoryBusiness and Economics

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