Introduction to Advanced Macroeconomics: Growth & Business Cycle (Vol. I) – Peter B. Sorensen, Hans J. Whitta–Jacobsen – 1st Edition

Preface

Acknowledgements

About the authorsMacroeconomics for the long run and for the short run

Book One: The Long Run

Some Facts about Prosperity and Growth

Part 1: Basic Theory and Empirics about Prosperity and Growth

Capital Accumulation and Growth: The Basic Solow Model

Wealth Accumulation and Capital Mobility: The Solow Model for a Small Open Economy

Part 2: Exogenous Growth

Technological Progress and Growth: The General Solow Model

Education and Growth: The Solow Model with Human Capital

Limits to Growth? The Solow Model with Scarce Natural Resources

Part 3: Endogenous Growth

Productive Externalities and Endogenous Growth

R&D-Based Endogenous Growth

Part 4: Structural Unemployment

Some Facts and Introductory Theory about Unemployment

Efficiency Wages and Unemployment

Trade Unions and Unemployment

Appendix: Table A: Some growth relevant country data

Book Two: The Short Run

Some Facts about Business Cycles

Part 5: The Building Blocks for the Short-run Model

Investment and Asset Prices

Consumption, Income and Wealth

Monetary Policy and Aggregate Demand

Inflation, Unemployment and Aggregate Supply

Part 6: The Short-run Model for the Closed Economy

Explaining Business Cycles: Aggregate Supply and Aggregate Demand in Action

Stabilization Policy: Why

Stabilization Policy: How?

Stabilization Policy with Rational Expectations

The Limits to Stabilization Policy: Credibility and Uncertainty

Part 7: The Short-run Model for the Open Economy

Aggregate Demand and Aggregate Supply in the Open Economy

Chapter 24 The Open Economy with Fixed Exchange Rates

Chapter 25 The Open Economy with Flexible Exchange Rates

Appendix: Basic regression analysis