Product Description

David Romer's "Advanced Macroeconomics, 2e" is the standard text and the starting point for graduate macro courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics.

Product Details

• Amazon Sales Rank: #174198 in Books
• Published on: 2001-01-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 672 pages

Customer Reviews

A very good description of modern macroeconomics.
Romer`s book is something worth reading. Its economic intuition is very good but the best part is its use of math to explain economic models. The math involved is not particularly hard, the reader has to be quite familiar with Lagrangeans and First-order conditions and with the basics of dynamic optimization, tools that most postgraduates use regularly. Romer builds the models step by step, equation by equation, and then we get the economic intuituion. There is also some empirical applications of the explained models, which puts more meat on the bones. The book is excellent for growth, RBC, Overlapping generations model, monetary and fiscal issues and also for new-keynesian topics such as imperfect competion, menu costs, contracts and effeciency wages. All in all, the book gives an excellent idea of what modern macroeconomics is all about and its level is just right for first-year postgraduates.

Excellent text
This is a key text for graduate macroeconomics courses. Romer's book progresses coherently and in a well organised manner through the main areas of macroeconomics. Each model is presented in its essence, so that a good first understanding is ensured, laying the groundwork for further reading and more mathematical representations.

Readers may wish to complement their study of Romer's book with the deeper technical material presented in Sargent's "Macroeconomic Theory".

Very good
This is an excellent text, suitable for undergraduates in the final 2 years of their degree. This book is more advanced in its theory than other macro texts, such as Mankiw. Romer focuses mainly on the Solow model, RBC theory, alternate business cycle theory, consumption, investment, unemployment and inflation. The book is especially useful for those looking for the mathematics behind the models.