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Macroeconomics Prices And Quantities
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Book Synopsis Prices and Quantities by : Rakesh V. Vohra
Download or read book Prices and Quantities written by Rakesh V. Vohra and published by Cambridge University Press. This book was released on 2020-02-20 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rakesh V. Vohra offers a unique approach to studying and understanding intermediate microeconomics by reversing the conventional order of treatment, starting with topics that are mathematically simpler and progressing to the more complex. The book begins with monopoly, which requires single variable rather than multivariable calculus and allows students to focus clearly on the fundamental trade-off at the heart of economics: margin versus volume. Imperfect competition and the contrast with monopoly follows, introducing the notion of Nash equilibrium. Perfect competition is addressed toward the end of the book, and framed as a model of non-strategic behavior by firms and agents. The last chapter is devoted to externalities, with an emphasis on how one might design competitive markets to price externalities and linking the difficulties to the problem of efficient provision of public goods. Real-life examples engage the reader while encouraging them to think critically about the interplay between model and reality.
Book Synopsis Prices and Quantities by : Arthur M Okun
Download or read book Prices and Quantities written by Arthur M Okun and published by Brookings Institution Press. This book was released on 2011-10-01 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past decade Arthur M. Okun, like many economists, focused attention on finding ways to fight inflation without sacrificing goals of high employment and prosperity. In recent years the economy has been plagued by stagflation—the simultaneous persistence of high inflation and high unemployment. Traditional methods of aggregate demand management that have been reasonably successful in curing either one or the other of these problems have not been effective, and the nation has not been able to contain inflation even in periods of economic slack. It now seems clear that the economists’ traditional model that presumes short-run flexibility in wages and prices no longer holds for most of the industrial world, and hence the response of inflation to shifts in macroeconomic policy is weak. In this volume Okun seeks to explain that loss of responsiveness by analyzing how modern labor and product markets work and how they are structured. A central feature of Okun’s analysis is implicit contract theory, which recognizes that efficiency-maximizing decisions by business firms reflect long-term considerations as well as short-term changes in markets. His interpretation of microeconomic behavior and macroeconomic performance provides a basis for the design of policies to deal with stagflation.
Book Synopsis Macroeconomics, Prices, and Quantities by : Arthur M. Okun
Download or read book Macroeconomics, Prices, and Quantities written by Arthur M. Okun and published by Brookings Institution Press. This book was released on 1983 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics, Prices, and Quantities by : James Tobin
Download or read book Macroeconomics, Prices, and Quantities written by James Tobin and published by . This book was released on 1982 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Macroeconomics written by Paul R. Krugman and published by Macmillan. This book was released on 2009-02-28 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Krugman is one of the leading economic thinkers of our time. The examples he uses in this book include international experiences, so will appeal to a European audience and give students a more realistic view of how economics works in the real world.
Book Synopsis Macroeconomics from the Bottom-up by : Domenico Delli Gatti
Download or read book Macroeconomics from the Bottom-up written by Domenico Delli Gatti and published by Springer Science & Business Media. This book was released on 2011-04-18 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book arose from our conviction that the NNS-DSGE approach to the analysis of aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD result by recurring to a fictitious RA leads to insurmountable methodological problems and lies at the root of DSGE models’ failure to satisfactorily explain real world features, like exchange rate and banking crises, bubbles and herding in financial markets, swings in the sentiment of consumers and entrepreneurs, asymmetries and persistence in aggregate variables, and so on. At odds with this view, our critique rests on the premise that any modern macroeconomy should be modeled instead as a complex system of heterogeneous interacting individuals, acting adaptively and autonomously according to simple and empirically validated rules of thumb. We call our proposed approach Bottom-up Adaptive Macroeconomics (BAM). The reason why we claim that the contents of this book can be inscribed in the realm of macroeconomics is threefold: i) We are looking for a framework that helps us to think coherently about the interrelationships among two or more markets. In what follows, in particular, three markets will be considered: the markets for goods, labor and loanable funds. In this respect, real time matters: what happens in one market depends on what has happened, on what is happening, or on what will happen in other markets. This implies that intertemporal coordination issues cannot be ignored. ii) Eventually, it’s all about prices and quantities. However, we are mostly interested in aggregate prices and quantities, that is indexes built from the dispersed outcomes of the decentralized transactions of a large population of heterogeneous individuals. Each individual acts purposefully, but she knows anything about the levels of prices and quantities which clear markets in the aggregate. iii) In the hope of being allowed to purport scientific claims, BAM relies on the assumption that individual purposeful behaviours aggregates into regularities. Macro behaviour, however, can depart radically from what the individual units are trying to accomplish. It is in this sense that aggregate outcomes emerge from individual actions and interactions.
Book Synopsis Macroeconomics, Prices and Quantities by : James Tobin
Download or read book Macroeconomics, Prices and Quantities written by James Tobin and published by . This book was released on 1983 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics, Prices, and Quantities by : James Tobin
Download or read book Macroeconomics, Prices, and Quantities written by James Tobin and published by . This book was released on 1984 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Learning and Expectations in Macroeconomics by : George W. Evans
Download or read book Learning and Expectations in Macroeconomics written by George W. Evans and published by Princeton University Press. This book was released on 2012-01-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Foundations of Macroeconomics by : Robin Bade
Download or read book Foundations of Macroeconomics written by Robin Bade and published by Prentice Hall. This book was released on 2011 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook provides an overview of microeconomic and macroeconomic theory. It presents a survey of the key lessons of economics -- demand, supply, pricing in markets, structure of markets, monetary policy, fiscal policy, international trade, and other key issues that arise in general discussion. It reviews the primary tools of economic thinking and covers the major themes that appear in the popular media.
Download or read book Macroeconomics written by Michael Parkin and published by Addison Wesley Publishing Company. This book was released on 1994 with total page 658 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomics by : Campbell R. McConnell
Download or read book Macroeconomics written by Campbell R. McConnell and published by Irwin/McGraw-Hill. This book was released on 2005 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Essentials of Macroeconomics by : Robert S. Rycroft
Download or read book The Essentials of Macroeconomics written by Robert S. Rycroft and published by Research & Education Assoc.. This book was released on 1989 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: REA’s Essentials provide quick and easy access to critical information in a variety of different fields, ranging from the most basic to the most advanced. As its name implies, these concise, comprehensive study guides summarize the essentials of the field covered. Essentials are helpful when preparing for exams, doing homework and will remain a lasting reference source for students, teachers, and professionals. Macroeconomics I includes economic problems, demand and supply, economic systems, the private sector, the public sector, gross national product, macroeconomic problems, and macroeconomic models.
Book Synopsis Exploring Macroeconomics by : Robert L. Sexton
Download or read book Exploring Macroeconomics written by Robert L. Sexton and published by Thomson South-Western. This book was released on 2005 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 4th Edition of Robert Sexton's EXPLORING MACROECONOMICS is now available in a modular format. The 4th Edition offers the macroeconomics content in 5 modules in other words, it costs less than a traditional macroeconomics text. Buy a product that provides more value for your dollar! You no longer have to buy the same material twice your instructor will not get through during the term. You are no longer paying for unused material -- and no longer carrying a heavy text!
Book Synopsis Modern Principles: Macroeconomics by : Tyler Cowen
Download or read book Modern Principles: Macroeconomics written by Tyler Cowen and published by Macmillan Higher Education. This book was released on 2023-11-09 with total page 2061 pages. Available in PDF, EPUB and Kindle. Book excerpt: Working toward developing your economic way of thinking, Cowen and Tabarrok focus on modern content and modern delivery, teaching economics in a way that makes it more memorable for you.
Book Synopsis The Cartoon Introduction to Economics by : Grady Klein
Download or read book The Cartoon Introduction to Economics written by Grady Klein and published by Macmillan. This book was released on 2010-01-19 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics.
Book Synopsis Macroeconomics For Dummies by : Dan Richards
Download or read book Macroeconomics For Dummies written by Dan Richards and published by John Wiley & Sons. This book was released on 2016-07-07 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fast and easy way to make macroeconomics manageable Macroeconomics is kind of a big deal. Without it, we wouldn't have the ability to study the economy as a whole—which is something that affects almost every aspect of your life, whether you realize it or not. From your employment status to how much you earn and pay in taxes, macroeconomics really matters. Breaking down this complicated and fascinating topic into manageable pieces, Macroeconomics For Dummies gives you fast and easy access to a subject that has a tendency to stump the masses. With the help of this plain-English guide, you'll quickly find out how to gather data about economies to inform hypotheses on everything from the impact of cutting government spending to the underlying causes of recessions and high inflation. Analyze business cycles for overall economic health Study economic indicators such as unemployment Understand financial trends on the international market Score higher in your macroeconomics class Filled with step-by-step instruction and enlightening real-world examples, this is the only book you need to slay the beast and make macroeconomics your minion!
