Modern Macroeconomics *US HARDCOVER* by Sanjay K. Chugh {0262029375} {9780262029377}

Modern Macroeconomics: A Microeconomic Approach

This innovative textbook, suitable for intermediate and advanced undergraduate courses, delves into macroeconomics by leveraging the microeconomic decisions of individual consumers and firms. By employing the representative agent paradigm, it analyzes how individual choices collectively impact the entire economy.

Key Features:

• Microeconomic Foundation: Utilizes microeconomic behavior to understand macro concepts.
• Representative Agent Approach: Analyzes the economy through the lens of representative consumers and firms.
• Financial Market Focus: Emphasizes the significance of financial markets in contemporary macroeconomics.
• Policy Applications: Explores the practical application of macroeconomic principles in real-world policy decisions.

Beyond theory, this book offers:

• Historical Context: A brief overview of influential macroeconomic theories like supply-side economics and the Phillips curve.
• Policy Analysis: Exploration of monetary and fiscal policy interactions, optimal policy frameworks, and long-run economic growth models.
• Real-World Applications: Analysis of unemployment through search-and-matching frameworks and application of macroeconomic tools to international economics.