Modern Macroeconomics
Modern Macroeconomics

Author: Sanjay K. Chugh

Publisher: MIT Press

Published: 2015-10-16

Total Pages: 549

ISBN-13: 0262029375

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A textbook that approaches modern macroeconomics through its microeconomic foundations, with an emphasis on financial market connections and policy applications. The modern study and analysis of macroeconomics begins by considering how microeconomic units—consumers and firms—make decisions, and then investigates how these choices interact to yield economy-wide outcomes. This innovative textbook takes this “modern” approach, teaching macroeconomics through its microeconomic foundations. It does so by adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. Unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, Modern Macroeconomics is suitable for use in intermediate undergraduate, advanced undergraduate, and graduate level courses. The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer. It goes on to offer a brief history of macroeconomic thought, including supply-side economics, the Phillips curve, and the New Keynesian framework. It then covers two policy applications, monetary policy and the interaction of monetary and fiscal policy; optimal policy analysis for both the flexible price and the rigid price case; long-run steady states, treating the Solow growth framework and the neoclassical growth model; a search-and-matching framework for the analysis of unemployment; and the application of the tools of modern macroeconomics to “open economy,” or international macroeconomics. End-of-chapter problem sets enable students to apply the concepts they have learned. A separate Solutions Manual will be available for students to purchase. Teaching materials, including complete solutions and slides, will be available to qualified instructors.

Foundations of Modern Macroeconomics
Foundations of Modern Macroeconomics

Author: Ben J. Heijdra

Publisher: Oxford University Press

Published: 2009-07-02

Total Pages: 816

ISBN-13: 0199210691

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This volume deals with all the major topics, summarizes the important approaches, and gives students a coherent angle on all aspects of macroeconomic thought.

Protective Relaying
Protective Relaying

Author: J. Lewis Blackburn

Publisher: CRC Press

Published: 2014-02-11

Total Pages: 678

ISBN-13: 1439888124

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For many years, Protective Relaying: Principles and Applications has been the go-to text for gaining proficiency in the technological fundamentals of power system protection. Continuing in the bestselling tradition of the previous editions by the late J. Lewis Blackburn, the Fourth Edition retains the core concepts at the heart of power system anal

Economic Dynamics in Discrete Time
Economic Dynamics in Discrete Time

Author: Jianjun Miao

Publisher: MIT Press

Published: 2014-09-19

Total Pages: 737

ISBN-13: 0262325608

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A unified, comprehensive, and up-to-date introduction to the analytical and numerical tools for solving dynamic economic problems. This book offers a unified, comprehensive, and up-to-date treatment of analytical and numerical tools for solving dynamic economic problems. The focus is on introducing recursive methods—an important part of every economist's set of tools—and readers will learn to apply recursive methods to a variety of dynamic economic problems. The book is notable for its combination of theoretical foundations and numerical methods. Each topic is first described in theoretical terms, with explicit definitions and rigorous proofs; numerical methods and computer codes to implement these methods follow. Drawing on the latest research, the book covers such cutting-edge topics as asset price bubbles, recursive utility, robust control, policy analysis in dynamic New Keynesian models with the zero lower bound on interest rates, and Bayesian estimation of dynamic stochastic general equilibrium (DSGE) models. The book first introduces the theory of dynamical systems and numerical methods for solving dynamical systems, and then discusses the theory and applications of dynamic optimization. The book goes on to treat equilibrium analysis, covering a variety of core macroeconomic models, and such additional topics as recursive utility (increasingly used in finance and macroeconomics), dynamic games, and recursive contracts. The book introduces Dynare, a widely used software platform for handling a range of economic models; readers will learn to use Dynare for numerically solving DSGE models and performing Bayesian estimation of DSGE models. Mathematical appendixes present all the necessary mathematical concepts and results. Matlab codes used to solve examples are indexed and downloadable from the book's website. A solutions manual for students is available for sale from the MIT Press; a downloadable instructor's manual is available to qualified instructors.

An Introduction to Modern Astrophysics
An Introduction to Modern Astrophysics

Author: Bradley W. Carroll

Publisher: Cambridge University Press

Published: 2017-09-07

Total Pages: 1361

ISBN-13: 1108390242

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An Introduction to Modern Astrophysics is a comprehensive, well-organized and engaging text covering every major area of modern astrophysics, from the solar system and stellar astronomy to galactic and extragalactic astrophysics, and cosmology. Designed to provide students with a working knowledge of modern astrophysics, this textbook is suitable for astronomy and physics majors who have had a first-year introductory physics course with calculus. Featuring a brief summary of the main scientific discoveries that have led to our current understanding of the universe; worked examples to facilitate the understanding of the concepts presented in the book; end-of-chapter problems to practice the skills acquired; and computational exercises to numerically model astronomical systems, the second edition of An Introduction to Modern Astrophysics is the go-to textbook for learning the core astrophysics curriculum as well as the many advances in the field.