Macroeconomics

Book Description
Combining the best of traditional and modern approaches to macroeconomics, Farmer is the first book in the Intermediate market to genuinely fill the gap between the macroeconomics taught to graduate students and the macroeconomics taught to undergraduates. It begins with the traditional IS-LM and AD-AS models that have been the staples of undergraduate macro courses for decades, and then the second half of the book introduces newer, dynamic theories of macroeconomics, including various growth models. The result is a text that describes the emerging consensus view of macro.


About the Author
Roger E.A. Farmer is Professor of Economics at UCLA, where he has been teaching graduate and undergraduate macroeconomics since 1988. Before coming to UCLA, he held appointments at the University of Toronto and the University of Pennsylvania as well as visiting positions at Cambridge University and the Innocenzo Gaspirini Institute in Milan, Italy. He is a Fellow of the Center for Economic Policy Research and a Fellow Commoner of Churchill College, Cambridge. Professor Farmer is internationally known for his work in macroeconomics. His graduate text, The Macroeconomics of Self-Fulfilling Prophecies, is now in its second edition and is widely used in graduate programs throughout the world. He has written extensively on macroeconomics and monetary theory, is an associate editor of Macroeconomic Dynamics, and serves as Director of the Program for Dynamic Economics, a nonprofit research group based at UCLA.


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This text/CD-ROM provides a grounding in macroeconomics that undergraduates can understand while incorporating the major developments introduced in the last two decades. Material is presented from the viewpoint of general equilibrium theory, data is emphasized in every chapter, and ideas are introduced in historical context. This second edition contains new chapters on unemployment and aggregate supply, and includes revised material on IS-LM and the new Keynesian theory of aggregate demand. The CD-ROM contains interactive exercises linked to the text. Farmer teaches economics at the University of California-Los Angeles. Annotation c. Book News, Inc., Portland, OR (booknews.com)


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