Applied Intermediate Macroeconomics PDF Download Ebook. Kevin D. Hoover offers a complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy. Topics covered include national and international income, financial accounts, business cycles, financial markets, economic growth, labor markets, aggregate supply and demand, inflation, and monetary and fiscal policy.
The text is unique in developing a detailed toolkit of elementary statistics and graphical techniques for economic data. It describes detailed treatment of national and international financial markets and the institutions of monetary and fiscal policy, which makes it especially helpful in understanding recent economic crises.
This book introduces conjectured relationships in a form that may allow us to experiment on the model, even when we cannot experiment on the thing that is modeled. These days models are often virtual, existing only on a computer. Each map has a specialized scope. And each map is useful for its purpose – sometimes on its own and sometimes in combination with other maps.
Author shows how macroeconomics is related to microeconomics, debated for decades. For our purposes, it is sufficient to say that whatever happens in aggregate must be connected to the behavior of individual people. We do have to guard against fallacies of composition. Yet, as we shall see in subsequent chapters, we may frequently get some insight into the relationships of aggregate macroeconomic data from a careful analysis of how individuals should behave optimally. Such insights are never decisive. We must always check to see whether, and to what degree, the macroeconomic data reflect them.
Applied Intermediate Macroeconomics [Hardcover]
Kevin D. Hoover
Cambridge University Press; 1 edition (November 14, 2011)
Download Applied Intermediate Macroeconomics PDF Ebook :