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Author: Soumen Sikdar Publisher: Oxford University Press ISBN: 0190990848 Category : Business & Economics Languages : en Pages : 288
Book Description
Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.
Author: Hal W. Snarr Publisher: Business Expert Press ISBN: 163157082X Category : Business & Economics Languages : en Pages : 159
Book Description
Economics has been dubbed the “dismal science” since Thomas Carlyle coined the phrase in 1849. The 2008 presidential candidate who said, “Economics is something that I’ve really never understood,” probably sides with this view. So, why is economics so dismal to so many? Is it because it has become too mathematical? Is it because traditional textbooks fail to connect topics and models in a concise, cohesive, and meaningful way? Is it because the computer simulations that are used to teach economic principles “stifle students’ imagination, contribute to a dependent learning style, and fail to stimulate interest in the subject matter” (Wetzstein 1988)? Or, is it because economists from different schools of economic thought rarely agree on anything? This book uses MAPLE and the simulation models that I developed in Learning Basic Macroeconomics (2014) to make teaching or learning economics more favorable. MAPLE is ideally suited for this because it allows users to assemble and systematically combine the various models that form the aggregate market model, frees users from doing tedious calculations and algebraic manipulations, and is as easy to use as Microsoft WORD. Building and analyzing the macroeconomic model using MAPLE is a fun way to learn the dismal science of economics.
Author: George W. Evans Publisher: Princeton University Press ISBN: 1400824265 Category : Business & Economics Languages : en Pages : 440
Book Description
A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.
Author: Soumen Sikdar Publisher: Oxford University Press ISBN: 0190990848 Category : Business & Economics Languages : en Pages : 288
Book Description
Principles of Macroeconomics is a lucid and concise introduction to the theoretical and practical aspects of macroeconomics. This revised and updated third edition covers key macroeconomic issues such as national income, investment, inflation, balance of payments, monetary and fiscal policies, economic growth and banking system. This book also explains the role of the government in guiding the economy along the path of stable prices, low unemployment, sustainable growth, and planned development through many India-centric examples. Special attention has been given to macroeconomic management in a country linked to the global economy. This reader-friendly book presents a wide coverage of relevant themes, updated statistics, chapter-end exercises, and summary points modelled on the Indian context. It will serve as an indispensable introductory resource for students and teachers of macroeconomics.
Author: Hal W. Snarr Publisher: ISBN: 9781606495308 Category : Macroeconomics Languages : en Pages : 0
Book Description
Economics has been dubbed the "dismal science" since Thomas Carlyle coined the phrase in 1849. The 2008 presidential candidate who said, "Economics is something that I've really never understood," probably sides with this view. So, why is economics so dismal to so many? Is it because it has become too mathematical? Is it because traditional textbooks fail to connect topics and models in a concise, cohesive, and meaningful way? Is it because the computer simulations that are used to teach economic principles "stifle students' imagination, contribute to a dependent learning style, and fail to stimulate interest in the subject matter" (Wetzstein 1988)? Or, is it because economists from different schools of economic thought rarely agree on anything? This book uses MAPLE and the simulation models that I developed in Learning Basic Macroeconomics (2014) to make teaching or learning economics not so dismal. MAPLE is ideally suited for this because it allows users to assemble and systematically combine the various models that form the aggregate market model, frees users from doing tedious calculations and algebraic manipulations, and is as easy to use as Microsoft Word. Building and analyzing the macroeconomic model using MAPLE is a fun way to learn the dismal science.
Author: George W. Evans Publisher: Princeton University Press ISBN: 0691049211 Category : Business & Economics Languages : en Pages : 439
Book Description
A crucial challenge for economists is to figure out how people interpret the world and form expectations that are likely to influence their economic activity. This work examines a variety of expectation formation models by focusing on the learning factor.
Author: Thomas Kemp Publisher: Cognella Academic Publishing ISBN: 9781631895807 Category : Languages : en Pages :
Book Description
Basic Macroeconomics covers basic economic principles by teaching economics in the manner of the hard sciences, requiring students to use real data in the application of theory. Students also become familiar with the language of economics as it is used in today's media, which enhances their ability to understand current, real-world economic issues. The book is cleanly organized and explains the economy's role in society and how it is measured. Students also learn basic macroeconomic abstractions and how to develop and use basic economic models. The text applies these basic modeling techniques and the data to the conventional sectors of the economy including household, business, financial, government, and foreign sectors. The book concludes by examining economic policy and development in today's uncertain world. Basic Macroeconomics is the rare introductory text that emphasizes student interaction with real economic data and applied theory. The book is written for the freshman economics student in mind but will also prove helpful to the layperson wishing to better understand the field.
Author: Wendy Carlin Publisher: Oxford University Press ISBN: Category : Business & Economics Languages : en Pages : 866
Book Description
This volume provides a unified framework for the analysis of short- and medium-run macroeconomics. It develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives.
Author: Soumen Sikdar
Author: Hal W. Snarr
Author: George W. Evans
Author: Soumen Sikdar
Author: Hal W. Snarr
Author: Dolan, Edwin G
Author: Steven A. Greenlaw
Author: Hal W. Snarr
Author: George W. Evans
Author: Thomas Kemp
Author: Wendy Carlin