Advanced Modern Macroeconomics : (Record no. 36662)

000 -LEADER
fixed length control field 11688nam a22004933i 4500
001 - CONTROL NUMBER
control field EBC5136810
003 - CONTROL NUMBER IDENTIFIER
control field MiAaPQ
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20191009123152.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS--GENERAL INFORMATION
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007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
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008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 191009s2010 xx o ||||0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780273726531
-- (electronic bk.)
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
Cancelled/invalid ISBN 9780273726524
035 ## - SYSTEM CONTROL NUMBER
System control number (MiAaPQ)EBC5136810
035 ## - SYSTEM CONTROL NUMBER
System control number (Au-PeEL)EBL5136810
035 ## - SYSTEM CONTROL NUMBER
System control number (CaONFJC)MIL305595
035 ## - SYSTEM CONTROL NUMBER
System control number (OCoLC)1024281790
040 ## - CATALOGING SOURCE
Original cataloging agency MiAaPQ
Language of cataloging eng
Description conventions rda
-- pn
Transcribing agency MiAaPQ
Modifying agency MiAaPQ
050 #4 - LIBRARY OF CONGRESS CALL NUMBER
Classification number HB172.5
082 0# - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 339
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Gillman, Max.
245 10 - TITLE STATEMENT
Title Advanced Modern Macroeconomics :
Remainder of title Analysis and Application.
250 ## - EDITION STATEMENT
Edition statement 1st ed.
264 #1 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc Harlow :
Name of publisher, distributor, etc Pearson Education UK,
Date of publication, distribution, etc 2010.
264 #4 - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Date of publication, distribution, etc �2011.
300 ## - PHYSICAL DESCRIPTION
Extent 1 online resource (625 pages)
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term computer
Media type code c
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term online resource
Carrier type code cr
Source rdacarrier
505 0# - FORMATTED CONTENTS NOTE
Formatted contents note Cover -- Advanced Modern Macroeconomics -- Brief Contents -- Contents -- Custom Publishing -- Preface -- Acknowledgements -- Part 1 Microfoundations of Macroeconomics -- Overview of the book -- Introduction -- Learning objective -- Who made it happen? -- The microfoundations approach -- Building macro from micro: new elements -- Microeconomic foundations of macroeconomics -- Static versus dynamic general equilibrium -- Dynamic AS-AD -- General equilibrium output and input dimensions -- Consumption smoothing -- Taxes, regulations and inefficiencies -- Comparative statics and business cycles -- A focus on productivity changes -- Basic puzzle of too much smoothing -- Human capital -- Banking in general equilibrium -- Private and public finance -- Explaining business cycles and growth -- Content by margins -- Consumption, permanent income and wealth -- A methodological outline -- Closed economy methodology -- Open economy methodology -- Suggested ways to use the text -- Possible course usage of text -- A summary -- Questions -- References -- Part 2 Labour and goods Markets -- Labour, leisure and productivity -- Introduction -- Building on the last chapter -- Learning objective -- Who made it happen? -- Representative agent goods-leisure choice -- Utility and production elements -- Time and goods constraints -- Equilibrium with capital fixed -- Example 2.1: Baseline model -- Smoothing consumption -- Goods productivity increase -- Example 2.2 -- Substitution and income effects -- Example 2.3: An eight-hour day -- Example 2.4: Linear indifference curves -- Consumer and firm problems -- Consumer: demand for goods, supply of labour -- Firm: supply of goods, demand for labour -- Aggregate demand and supply -- Example 2.5 -- The goods markets:AS and AD -- Aggregate labour market -- Market equilibrium: the real wage rate -- General equilibrium representation.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Labour productivity increase -- Example 2.6 -- General equilibrium -- Application: productivity and growth -- Growth policy -- US legislation -- Modern economic views on stabilisation vs growth -- Questions -- References -- Appendix A2: Optimisation -- General representative agent problem -- Simpler one-step method of maximisation -- Separate decentralised problems -- Cobb-Douglas profit -- Employment cycles and taxes -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen? -- Business cycles and employment -- Internal versus external labour margins -- Time endowment increase -- Example 3.1 -- Economic expansion and contraction -- Example 3.2: Expansion -- Example 3.3: Contraction -- Unemployed labour -- Example 3.4: A fixed wage during a contraction -- Excess labour supply and goods demand -- A goods tax -- Example 3.5: Goods tax and transfer -- Labour market -- After tax wage rate and tax wedge -- General equilibrium tax wedge -- Zero government transfer -- c+g=y -- Example 3.6 -- Goods market -- Labour market -- Labour tax -- Example 3.7 -- Comparison of taxes -- Regulation and implicit taxes -- Rents and corruption -- Economics of regulation -- Applications -- Moral hazard -- Unemployment benefits as insurance -- Taxes and employment policy -- Regulation of airlines, oil and pollution -- Questions -- References -- Trade in labour and goods markets -- Introduction and summary -- Building on the last chapters -- Learning objective -- Who made it happen? -- Two-agent model -- Example 4.1: Autarky -- Decentralised problems -- Example 4.2: Autarky -- Example 4.3: Trade -- Market for goods -- Market for labour -- General equilibrium representation -- Trade flows -- Marginal productivity theory of income distribution -- Multiple heterogeneous agents -- Example 4.4: More B then A -- Trade flows.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Changes in the distribution of income -- Example 4.5: Education increase -- Example 4.6: Immigration restrictions -- Taxes and two classes of agents -- Example 4.7: Tax both and transfer to A -- As an unemployment/welfare system -- Applications -- UK's Magna Carta 1297, Australia's ASEAN FTA 2009 and globalisation -- Immigration waves and rural-urban migration -- Questions -- References -- Part 3 Capital and goods Markets -- Savings and investment -- Introduction -- Summary -- Building on the last chapters -- Learning objective -- Who made it happen? -- Representative agent intertemporal economy -- Log utility and Cobb-Douglas production -- Example 5.1 -- Growth and welfare -- Graphically -- Productivity change -- Example 5.2 -- Substitution and income effects -- Consumer and firm problems -- Example 5.3 -- Capital market -- Goods market -- General equilibrium -- Growth rate implications -- Capital productivity -- Example 5.4 -- Graphically -- Current period income endowment -- Example 5.5 -- Decentralised problem -- Applications -- Savings rate, permanent income and debt crisis -- Questions -- References -- Appendix A5: Alternative two-period formulations -- Capital policy and business cycles -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen? -- Business cycles and investment -- Economic expansions and contractions -- Example 6.1: Expansion -- Example 6.2: Contraction -- Unemployed capital -- Example 6.3: Fixed price -- Excess capital supply and goods demand -- A tax on capital income -- Budget constraints -- Example 6.4 -- Capital policy alternatives -- Applications -- Capital market regulation, usury and economic science -- Questions -- References -- Trade in physical capital markets -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen?.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Two-period 'small open' endowment economy -- Wealth constraint -- Example 7.1: Lender -- Example 7.2: Interest rate increase -- Consumption smoothing and time preference -- Example 7.3: Borrower -- Example 7.4: Borrower with interest increase -- Two-agent general equilibrium -- Example 7.5: Decentralised autarky -- Capital market -- Goods market -- General equilibrium -- Trade -- Example 7.6 -- Capital market -- Goods market -- Applications -- Small open economies -- Fostering capital market trade -- Keynes, his revision, and the Marshall Plan -- Soros, the Soviet Union and China -- War versus globalisation -- Questions -- References -- Part 4 Modern AS-AD -- Dynamic analysis and AS-AD -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen? -- The recursive problem -- General equilibrium representative agent problem -- Consumer and firm problems -- Consumer -- Goods producer -- Aggregate demand: -- Zero growth -- Consumption demand as a fraction of permanent income -- Permanent income and wealth -- Adding capital maintenance and getting AD -- Aggregate supply: AS -- Marginal cost of output -- Marginal cost in terms of relative price of output -- Baseline calibration -- Example 8.1 -- C+I=Y -- Calibration of the AS curve -- Graphical AS-AD equilibrium -- Equilibrium wage rate -- Consumption and output -- General equilibrium -- Productivity increase -- Example 8.2 -- Graphically -- Equilibrium wage -- Consumption and output -- General equilibrium -- Time endowment increase -- Example 8.3 -- Graphically -- Equilibrium wage -- Consumption and output -- General equilibrium -- Applications -- Aggregate supply and demand shifts -- A view of supply side economics -- Say's law -- Supply side and growth -- Questions -- References -- Employment -- Summary/introduction -- Building on the last chapters -- Learning objective.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Who made it happen? -- Aggregate labour supply and demand -- Example 9.1: Labour market equilibrium -- Equilibrium wage -- Productivity increase -- Example 9.2 -- Equilibrium wage -- Time endowment increase -- Example 9.3 -- Equilibrium wage -- Business cycle explanation -- Example 9.4 -- Example 9.5: Contraction -- Fixed wage unemployment and depressions -- Marginal productivity -- Example 9.6 -- Taxes and employment -- Example 9.7 -- Equilibrium wage -- Consumption and output -- Labour market -- General equilibrium -- Applications -- Hours per week, taxes and regulations -- Questions -- References -- Dynamic AS-AD solution methodology -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen? -- Full model solution -- Capital stock state variable -- AS-AD solution approach -- Alternative solution approach -- All other variables -- Baseline calibration of the solution -- Target values -- Baseline Examples 8.1 and 9.1 -- Consistency of the solution -- Calibration of the full solution -- Comparative statics of AS-AD analysis -- Productivity change: Examples 8.2 and 9.2 -- Time endowment change: Examples 8.3 and 9.3 -- Business cycle explanation -- Example 9.4 -- Example 9.5 -- Other comparative statics and K -- Depreciation rate change -- Leisure preference change -- Time preference change -- Labour share change -- Unemployment with a fixed wage -- Example 9.6 -- Taxes and employment -- General solution -- Example 9.7 -- Application: capital derived graphically -- Baseline dynamic model -- Example of comparative statics -- Questions -- References -- Part 5 Growth, Human Capital and business Cycles -- Exogenous growth -- Introduction -- Building on the last chapters -- Learning objective -- Who made it happen? -- Causes of sustained growth -- Principle of sustained growth -- Exogenous technological progress.
505 8# - FORMATTED CONTENTS NOTE
Formatted contents note Stylised facts.
520 ## - SUMMARY, ETC.
Summary, etc Modern Macroeconomics, by Max Gillman, takes a new and modern approach to macroeconomic theory using microeconomic foundations. Building from the standard neo-classical models, Gillman has developed a new dynamic model which works to explain business cycles and unemployment, why you can have a banking lead recession as well as fiscal and monetary policy. Although strong in mathematical rigour all calculations in this text are fully derived and graphs provide a direct representation making it accessible. This text is suitable for undergraduate students studying Advanced Macroeconomics courses.
588 ## - SOURCE OF DESCRIPTION NOTE
Source of description note Description based on publisher supplied metadata and other sources.
590 ## - LOCAL NOTE (RLIN)
Local note Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2019. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Macroeconomics.
655 #4 - INDEX TERM--GENRE/FORM
Genre/form data or focus term Electronic books.
776 08 - ADDITIONAL PHYSICAL FORM ENTRY
Display text Print version:
Main entry heading Gillman, Max
Title Advanced Modern Macroeconomics : Analysis and Application
Place, publisher, and date of publication Harlow : Pearson Education UK,c2010
International Standard Book Number 9780273726524
797 2# - LOCAL ADDED ENTRY--CORPORATE NAME (RLIN)
Corporate name or jurisdiction name as entry element ProQuest (Firm)
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://ezproxy01.ny.edu.hk:2048/login?url=https://ebookcentral.proquest.com/lib/ircp3g4/detail.action?docID=5136810
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