Macroeconomic Theory: A Dynamic General Equilibrium Approach, Second Edition

3.64 avg rating
( 11 ratings by Goodreads )
 
9780691152868: Macroeconomic Theory: A Dynamic General Equilibrium Approach, Second Edition


Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics.


Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is the standard book on the subject for students and economists.



  • The most up-to-date graduate macroeconomics textbook available today

  • General equilibrium macroeconomics and the latest advances covered fully and completely

  • Two new chapters investigate banking and monetary policy, and unemployment

  • Addresses questions raised by the recent financial crisis

  • Web-based exercises with answers

  • Extensive mathematical appendix for at-a-glance easy reference


This book has been adopted as a textbook at the following universities:



  • American University

  • Bentley College

  • Brandeis University

  • Brigham Young University

  • California Lutheran University

  • California State University - Sacramento

  • Cardiff University

  • Carleton University

  • Colorado College

  • Fordham University

  • London Metropolitan University

  • New York University

  • Northeastern University

  • Ohio University - Main Campus

  • San Diego State University

  • St. Cloud State University

  • State University Of New York - Amherst Campus

  • State University Of New York - Buffalo North Campus

  • Temple University - Main

  • Texas Tech University

  • University of Alberta

  • University Of Notre Dame

  • University Of Ottawa

  • University Of Pittsburgh

  • University Of South Florida - Tampa

  • University Of Tennessee

  • University Of Texas At Dallas

  • University Of Washington

  • University of Western Ontario

  • Wesleyan University

  • Western Nevada Community College

"synopsis" may belong to another edition of this title.

From the Inside Flap:


Praise for the previous edition: "This is an innovative graduate textbook that develops much of modern macroeconomics in the framework of stochastic general equilibrium models. The book is especially good for its integration of macro and finance."--Christopher Pissarides, London School of Economics and Political Science


Praise for the previous edition: "There are very few good textbooks on the dynamic general equilibrium approach to macroeconomics; Macroeconomic Theory fills a big void and provides a comprehensive and integrated approach to the subject that covers both real and monetary models. Professor Wickens develops a series of topics, beginning with real models of the economy and proceeding through growth, fiscal policy, financial models, and the modern approach to monetary economies. Each topic begins with theoretical background and proceeds to practical applications. The level is appropriate for master's or advanced undergraduate students and is a welcome addition to the field that is likely to be widely adopted."--Roger E. A. Farmer, University of California, Los Angeles


Praise for the previous edition: "A most welcome graduate (or advanced undergraduate) textbook in macroeconomics. The book is well written and the text is effectively organized and progresses in a natural and easy-to-follow way. The text offers a mathematical approach that is easily accessible to the students. The technical level is sufficiently detailed to allow students to understand the role of the underlying assumptions and how the models work, and yet it avoids unnecessary technicalities and sidetracks. As an extra bonus, it offers a treatment of financial aspects which are often neglected in macro textbooks."--Torben M. Andersen, University of Aarhus, Denmark


Praise for the previous edition: "Wickens's text provides a tremendous introduction to modern macroeconomics. The coverage of material is thorough. The writing is clear and lively. The mathematics is sufficiently detailed without being overly technical, and the mathematical appendix helps keep the text largely self-contained. Intuition behind key results is provided beautifully throughout. Having worked through the text, students will be well-equipped for a journey toward the macroeconomics frontier."--David N. DeJong, University of Pittsburgh


Praise for the previous edition: "This is a first-rate book that definitely helps fill a surprising lacuna in graduate macro teaching."--Andrew Scott, London Business School


Praise for the previous edition: "This book provides an integrated, self-contained, and accessible exposition of modern macroeconomic theory. Particular strengths include coverage of macroeconomic approaches to asset pricing and the analysis of monetary and fiscal policies. It is an excellent textbook for students in masters and PhD courses and an excellent reference for professional economists."--Philip Lane, Trinity College Dublin


About the Author:

Michael Wickens is professor of economics at the University of York and at Cardiff Business School. He is the coeditor of Handbook of Applied Econometrics and was managing editor of the Economic Journal from 1996 to 2004. He is specialist adviser to the House of Lords on macroeconomics and a member of the Shadow Monetary Policy Committee.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Wickens, Michael
Published by Princeton University Press
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Quantity Available: 9
Seller:
TextbookRush
(Grandview Heights, OH, U.S.A.)
Rating
[?]

Book Description Princeton University Press. Book Condition: Brand New. Ships SAME or NEXT business day. We Ship to APO/FPO addr. Choose EXPEDITED shipping and receive in 2-5 business days within the United States. See our member profile for customer support contact info. We have an easy return policy. Bookseller Inventory # 43715695

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 42.49
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

2.

Wickens, Michael
Published by Princeton University Press
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 1
Seller:
Academic Book Solutions
(Medford, NY, U.S.A.)
Rating
[?]

Book Description Princeton University Press. Hardcover. Book Condition: New. New, unread, and unused. Bookseller Inventory # HORS-1230-1030

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 42.69
Convert Currency

Add to Basket

Shipping: US$ 3.99
Within U.S.A.
Destination, Rates & Speeds

3.

Wickens, Michael
Published by Princeton University Press
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 1
Seller:
Easy Textbook
(Kuala Lumpur, Malaysia)
Rating
[?]

Book Description Princeton University Press. Hardcover. Book Condition: New. 0691152861 Brand new book. Ship from multiple locations. 3-5 business days Express Delivery to USA/UK/Europe/Asia/Worldwide. Tracking number will be provided. Satisfaction guaranteed. Bookseller Inventory # SKU004346

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 60.00
Convert Currency

Add to Basket

Shipping: US$ 11.50
From Malaysia to U.S.A.
Destination, Rates & Speeds

4.

Wickens, Michael
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 5
Seller:
LINDABOOK
(Taipei, TP, Taiwan)
Rating
[?]

Book Description 2012. Hardcover. Book Condition: New. Ship out 1-2 business day,Brand new,US edition, Free tracking number usually 2-4 biz days delivery to worldwide Same shipping fee with US, Canada,Europe country, Australia, item will ship out from either LA or Asia,k. Bookseller Inventory # ABE-8079599218

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 65.70
Convert Currency

Add to Basket

Shipping: US$ 9.90
From Taiwan to U.S.A.
Destination, Rates & Speeds

5.

Michael Wickens
Published by Princeton University Press (2012)
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 1
Seller:
Ergodebooks
(RICHMOND, TX, U.S.A.)
Rating
[?]

Book Description Princeton University Press, 2012. Hardcover. Book Condition: New. 2. Bookseller Inventory # DADAX0691152861

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 67.04
Convert Currency

Add to Basket

Shipping: US$ 8.99
Within U.S.A.
Destination, Rates & Speeds

6.

Wickens, Michael R.
Published by Princeton University Press (2012)
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Quantity Available: 8
Seller:
Books2Anywhere
(Fairford, GLOS, United Kingdom)
Rating
[?]

Book Description Princeton University Press, 2012. HRD. Book Condition: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Bookseller Inventory # BB-9780691152868

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 64.07
Convert Currency

Add to Basket

Shipping: US$ 12.22
From United Kingdom to U.S.A.
Destination, Rates & Speeds

7.

Michael R. Wickens
Published by Princeton University Press, United States (2012)
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 1
Seller:
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description Princeton University Press, United States, 2012. Hardback. Book Condition: New. Second. Language: English . Brand New Book. Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is the standard book on the subject for students and economists. The most up-to-date graduate macroeconomics textbook available today General equilibrium macroeconomics and the latest advances covered fully and completely Two new chapters investigate banking and monetary policy, and unemployment Addresses questions raised by the recent financial crisis Web-based exercises with answers Extensive mathematical appendix for at-a-glance easy reference This book has been adopted as a textbook at the following universities: American University Bentley College Brandeis University Brigham Young University California Lutheran University California State University - Sacramento Cardiff University Carleton University Colorado College Fordham University London Metropolitan University New York University Northeastern University Ohio University - Main Campus San Diego State University St. Cloud State University State University Of New York - Amherst Campus State University Of New York - Buffalo North Campus Temple University - Main Texas Tech University University of Alberta University Of Notre Dame University Of Ottawa University Of Pittsburgh University Of South Florida - Tampa University Of Tennessee University Of Texas At Dallas University Of Washington University of Western Ontario Wesleyan University Western Nevada Community College. Bookseller Inventory # AAU9780691152868

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 77.44
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Wickens, Michael R.
Published by Princeton University Press (2012)
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 4
Rating
[?]

Book Description Princeton University Press, 2012. Book Condition: New. 2012. Second. Hardcover. Suitable for students and researchers seeking coverage of the developments in macroeconomics, this title lays out the core ideas of modern macroeconomics and its links with finance. It presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Num Pages: 616 pages, 12 line illus. 85 tables. BIC Classification: KCB. Category: (P) Professional & Vocational. Dimension: 260 x 182 x 39. Weight in Grams: 1428. . . . . . . Bookseller Inventory # V9780691152868

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 78.11
Convert Currency

Add to Basket

Shipping: FREE
From Ireland to U.S.A.
Destination, Rates & Speeds

9.

Wickens, Michael R.
Published by Princeton University Press
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 4
Seller:
Kennys Bookstore
(Olney, MD, U.S.A.)
Rating
[?]

Book Description Princeton University Press. Book Condition: New. 2012. Second. Hardcover. Suitable for students and researchers seeking coverage of the developments in macroeconomics, this title lays out the core ideas of modern macroeconomics and its links with finance. It presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Num Pages: 616 pages, 12 line illus. 85 tables. BIC Classification: KCB. Category: (P) Professional & Vocational. Dimension: 260 x 182 x 39. Weight in Grams: 1428. . . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780691152868

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 79.61
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

10.

Michael R. Wickens
Published by Princeton University Press, United States (2012)
ISBN 10: 0691152861 ISBN 13: 9780691152868
New Hardcover Quantity Available: 1
Seller:
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description Princeton University Press, United States, 2012. Hardback. Book Condition: New. Second. Language: English . Brand New Book. Macroeconomic Theory is the most up-to-date graduate-level macroeconomics textbook available today. This revised second edition emphasizes the general equilibrium character of macroeconomics to explain effects across the whole economy while taking into account recent research in the field. It is the perfect resource for students and researchers seeking coverage of the most current developments in macroeconomics. Michael Wickens lays out the core ideas of modern macroeconomics and its links with finance. He presents the simplest general equilibrium macroeconomic model for a closed economy, and then gradually develops a comprehensive model of the open economy. Every important topic is covered, including growth, business cycles, fiscal policy, taxation and debt finance, current account sustainability, and exchange-rate determination. There is also an up-to-date account of monetary policy through inflation targeting. Wickens addresses the interrelationships between macroeconomics and modern finance and shows how they affect stock, bond, and foreign-exchange markets. In this edition, he also examines issues raised by the most recent financial crisis, and two new chapters explore banks, financial intermediation, and unconventional monetary policy, as well as modern theories of unemployment. There is new material in most other chapters, including macrofinance models and inflation targeting when there are supply shocks. While the mathematics in the book is rigorous, the fundamental concepts presented make the text self-contained and easy to use. Accessible, comprehensive, and wide-ranging, Macroeconomic Theory is the standard book on the subject for students and economists. * The most up-to-date graduate macroeconomics textbook available today * General equilibrium macroeconomics and the latest advances covered fully and completely * Two new chapters investigate banking and monetary policy, and unemployment * Addresses questions raised by the recent financial crisis * Web-based exercises with answers * Extensive mathematical appendix for at-a-glance easy reference This book has been adopted as a textbook at the following universities: * American University * Bentley College * Brandeis University * Brigham Young University * California Lutheran University * California State University - Sacramento * Cardiff University * Carleton University * Colorado College * Fordham University * London Metropolitan University * New York University * Northeastern University * Ohio University - Main Campus * San Diego State University * St. Cloud State University * State University Of New York - Amherst Campus * State University Of New York - Buffalo North Campus * Temple University - Main * Texas Tech University * University of Alberta * University Of Notre Dame * University Of Ottawa * University Of Pittsburgh * University Of South Florida - Tampa * University Of Tennessee * University Of Texas At Dallas * University Of Washington * University of Western Ontario * Wesleyan University * Western Nevada Community College. Bookseller Inventory # AAU9780691152868

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 80.08
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book