Internediate Macro

Summary: Charles I. Jones, University of California, BerkeleyMacroeconomics is the most exciting new economicstextbook in a generation. Charles Jones distills modern macroeconomicsas it is currently practiced-producing the first text to cover moderngrowth theory at the undergraduate level. The author's unique abilitiesas a teacher and writer render this modern treatment of economic theoryan easy read for students new to the f...ield. Togetherwith a distinctive focus on problem solving, this clearly written textbrilliantly matches accessibility with cutting-edge theory.Features: Accessible and student friendly - Jones writes clearly and simply,with an engaging, conversational style that puts students at ease. Whenintroducing math, he presents it in a careful, patient manner. Modern treatment of growth theory - Macroeconomics is theonly undergraduate textbook to present substantial coverage of theRomer model. Jones draws on his experience as a teacher and textbookauthor to convey modern growth theory in a way that is accessible toundergraduates. Unique worked exercises reflect a focus on problem-solving - Each chapter of Macroeconomics includestwo complete worked exercises that walk students step-by-step throughthe process. These worked exercises prepare students for the extensiveend-of-chapter problems. SmartWork online homework extends the problem-solving approach -Easy-to-use and customizable, SmartWork combines a robust homework-management system with extensive answer feedback that coaches students through solving problems. Modern treatment of economic fluctuations and applications -Short-run chapters emphasize central banks that set interest rates informing monetary policy. A simple open economy model is considered fromthe start, and globalization (international trade and internationalfinance) is a key theme of the applications chapters.About the Author:Charles I. Jones (Ph.D. MIT, 1993) is Professor of Economics at theUniversity of California, Berkeley, and a Research Associate of theNational Bureau of Economic Research. Professor Jones's main researchcontributions are to the study of long-run economic growth. Inparticular, he has examined theoretically and empirically thefundamental sources of growth in per capita income over time and thereasons underlying the enormous differences in standards of livingacross countries. In recent years, he has used his expertise inmacroeconomic methods to study the economic causes behind the rise inhealth spending and longevity. He is the author of Introduction toEconomic Growth, Second Edition, also published by W.W. Norton &Company. [read more]