Macroeconomics


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Book reviews for "Macroeconomics" sorted by average review score:

Schaum's Outline of Macroeconomics
Published in Paperback by McGraw-Hill Trade (01 December, 1997)
Author: Eugene A. Diulio
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Macroeconomics (3rd Edition)
I would recommend this book to anyone who wants to have some understanding of macroeconomics. This book can be used as a supplemental text or for independent study or as review/reference material. The author, for the most part, presents clear and understandable concepts in a concise manner.

As far as prerequisites are concerned, some basic knowledge of economics and money and banking will make reading this book easier and more understandable. Although calculus is not required, some knowledge of basic or college algebra is helpful.

Since this book covers intermediate macroeconomics primarily intended for those at the undergraduate, upper division level, college students, especially, should find this book useful as a supplement to their textbooks. It may help to clarify problems that students may encounter in their course work. In the words of the author: "The book can be used by undergraduates or graduate business students as a supplement to current standard texts or by instructors as an independent text supplemented by empirical and/or policy readings. The book may also be useful to graduate economics students as a review of the analytical core of macroeconomic theory."

However, the benefits derived from this book need not be limited only to college students. Those wishing to use this book for independent self-study can, with some extra effort, gain valuable information since the author does a fairly good job of presenting in a clear manner the fundamental concepts of macroeconomics.

At the beginning of each chapter, the author gives a chapter summary and outline. The chapter summaries briefly present the concepts that will be further explained in the main text. The outlines are a repetition of the same sections that are listed in the table of contents. Furthermore, in order to reinforce the concepts presented in the main text, the author not only provides the usual solved problems but also includes multiple choice and true or false questions which give the student a wide range of practice.

However, there are some weaknesses of this book which readers should be aware. First, due to the brevity of some of the concepts presented, it may be advantageous to refer to other economics books in order to get more in-depth information, and thereby, a better understanding. This is particularly true for those using this book for independent self-study. Second, some terms and concepts are defined and presented for the first time in the "Solved Problems" section at the end of the chapter rather than in the main text. Third, this book does not contain a glossary.


Study Guide to Accompany Dornbusch and Fischer Macroeconomics
Published in Paperback by McGraw-Hill/Irwin (February, 1990)
Author: Rudiger Dornbusch
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Great Guide!
This book show the complete guide to study modern macroeconomic theory with emphasys in mathematical apply models to macroeconomic policy and make to easy the subject.


Sustainability: A Systems Approach
Published in Hardcover by Earthscan Publications, Ltd. (January, 1996)
Authors: Tony Clayton, Anthony M. H. Clayton, and Nicholas J. Radcliffe
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A clear introduction to a complex subject
Sustainable development is a vast and complex subject where a new entrant can easily get lost. This concise book first offers a review of the issues involved, principally the problematiques centred around natural resources such as land, water, and biodiversity. It then tries to integrate these problematiques into a systems model whereby the non-expert policy maker can obtain a clearer picture of the stakes involved in a development intervention. The model presented, called "sustainability assessment map (SAM)", enables visualisation of the impacts of an intervention. This cannot by itself be an aid to decision making since it lacks the quantitative aspect, but I find this simple trick very interesting for illuminating the problem and for guiding discussions during preparation of an a priori assessment plan for a development intervention. I find both the introductory material and the model of representation very interesting from pedagogic point of view.


Theories of Distributive Justice
Published in Hardcover by Harvard Univ Pr (March, 1996)
Author: John E. Roemer
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Excelent
This is an excellent book, it introduces the economists in topics that they are usually treated by philosophers and to the philosophers in topics that they are usually treated by economists. With an interesting proposal of the equality of opportunities, it uses the instrumental one intensively mathematical.


Theory of International Trade : A Dual, General Equilibrium Approach
Published in Paperback by Cambridge University Press (30 September, 1980)
Authors: Avinash Dixit, Victor Norman, and F. H. Hahn
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A good book for international trade, but not perfect
The book gets into rather good discusion of basic models, equilibrium and more advanced topics. The math level of the book is at a graduate level and many of the results are done with enough details, discussion and algebra. However, the book suffers from lack of algebra and enough reasoning in the first chapters where it is describing basic models. The notation of the book is sometimes confusing too (I think this problem exists in all of the books about international trade). Besides, the book is rather old and may is missing some topics. A complementarity text for this book is recommended.


Time Series, Unit Roots, and Cointegration
Published in Hardcover by Academic Press (15 January, 1998)
Author: Phoebus Dhrymes
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No Compromise Time Series Book
When I was reading this book, it was still a LaTex draft... This book is very hard in the sense that it requires a fairly good knowledge of measure theory. Certainly not for undergraduates or even graduate students not doing econometrics as a "field". Excellent discussion of cointegration.


Understanding Consumption (Clarendon Lectures in Economics)
Published in Hardcover by Clarendon Pr (August, 1996)
Author: Angus Deaton
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Elegant and clear
I found this book very interesting for 2 reasons. First, it is very clear and the technicalities are kept to a minimum (although a reasonable level of calculus and basic economic theory is advisable). Second, its originality lies in the fact that it relates microeconomic analysis of consumption and saving behavior with macroeconomic aggregates. It is a very good starting point for anybody willing to study life-cycle decisions by individuals. It conveys a lot of information in a dense but elegant way


Workbook for Methods of Macroeconomic Dynamics
Published in Paperback by MIT Press (04 January, 1996)
Authors: Stephen J. Turnovsky and Michael K. Hendrickson
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Good support for the use of Stephen Turnovsky's book
This workbook is a very good tool to professors, teaching assistants and students. It provides an excellent support to really understand the different topics covered in Turnovsky's book, that sometimes are really hard to understand quickly. I used this workbook for a course of International Macroeconomics when i was teaching assistant and helped me to explain some points in a very practical way.


The World of Consumption
Published in Paperback by Routledge (February, 1994)
Authors: Ben Fine and Ellen Leopold
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Average review score:

'The Commodification of the Psyche'
The World of Consumption is a really fantastic book. It explains modern consumption theory on everything from food to advertising. It is the most complete book on the subject I have encoutered through many years of research. The only difficultly one might have is that it is laden with theory. If one does not have a good background in modern theory (from Marx to Baudrilliard), then the excellent ideas in this book are difficult to understand.


The Great Reckoning
Published in Paperback by Pan Macmillan (14 January, 1994)
Authors: William Rees-Mogg and James Dale Davidson
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Long but Great read
The Great Reckoning is a long but great read. It will NOT appeal to those who focus on 30 second sound bites and 120 second interviews on Good Morning America. If that's your bag, forget this book. It also requires thinking, so if you don't like to think about things in general, or dismiss history and the liberal arts in general, this book will be a total turn off.

A number of people bought this book when first published as a "trading" strategy book. I don't know where they got that idea from, perhaps they simply assumed to much. Rather, it is about probabilities and possibilites in the 1990's on the macro level with plenty of caveats.

In retrospective hindsight, the authors had some outstanding hits, and some complete misses. However, on the whole, those who dismissed this book during the tech bubble are now looking at themselves in the mirror and wondering how stupid they were to dismiss it out of hand.

If you think through what they have to say, you begin to realize that some things will take longer to work out than others. A "must" book to read if you enjoy looking beyond the daily "noise".

Maybe timely now to read
Who would have expected that the Internet and Telecom bubbles would delay the 'great reckoning?' If this book is correct, we have only a short time to get our financial houses in order. This is a long read and yet a good one.

This is for those who wish to conserve and preserve what they have. Recommendations not to eat in certain restaurants and the like....interesting in light of the food poisonings of late.

Our national and international money woes. Economists, historians, business professional and the clergy would benefit from this book. The recommendations were too soon, so they sounded a little early and the 'cry wolf' scenario seems to creep in. Well, look at where we are today. We can rebound, if it is the right time.

a bite in the [butt]
This book has enough truth to make you loose sleep at night. What I found most interesting was that this country can't possibly continue much longer the way it is: Keeping people of african descent down. People in this country actually think that they are independent from the poor people in this country. Those same people they're oppressing will one day rise up and bite them in the [butt]. We all didn't come over here on the same ship but we're all in the same boat!


Related Subjects: MOP
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