Robert J. Rossana - Macroeconomics

Macroeconomics

Rossana has written a book that explains Macroeconomics very lucidly and in a very reader-friendly style. Covering Macroeconomics in a fair and balanced way with models from the major macroeconomic schools of thought and providing micro-foundations to the models, the book will be the text of choice for students who want to learn Intermediate Macroeconomics.

Tan Kim Heng, Nanyang Technological University, Singapore.

Research in macroeconomics in the last thirty years has featured, almost exclusively, two characteristics: an emphasis on the microfoundations of macroeconomics and secondly, intertemporal economics, that is, the behavior of economic actors over time. Curiously, textbooks in intermediate macroeconomics have been very slow to adopt these traits.

The aim of this book is to bring intermediate instruction in macroeconomics fully into line with the direction taken by the research community. Key hallmarks of the text include:

a full introduction to the microfoundations of consumption and investment

a complete model of the labor market with profit maximization for firms to determine labor demand and a utility maximization model to determine labor supply

an analysis of the Baumol-Tobin model to determine money demand accompanied by a discussion of traditional money supply

Fully illustrated with figures and tables, and Doing Economics boxes to bring the theory to life, this is an essential course book for modules in Intermediate Macroeconomics. Possessing a full range of additional learning features including a companion website and instructors manual, the book takes an international view of macroeconomics with case studies and examples from the United States and beyond.

Robert J. Rossana is Professor of Economics, Department of Economics, Wayne State University, Detroit, USA.

Macroeconomics

Robert J. Rossana

LONDON AND NEW YORK

First published 2011
by Routledge
2 Park Square, Milton Park, Abingdon, Oxon, OX14 4RN

Simultaneously published in the USA and Canada
by Routledge
270 Madison Ave, New York, NY 10016

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This edition published in the Taylor & Francis e-Library, 2011.

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2011 Robert J. Rossana

The right of Robert J. Rossana to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs and Patent Act 1988.

All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

Library of Congress Cataloging in Publication Data
Rossana, Robert J.
Macroeconomics / Robert J. Rossana.
p. cm.
First editionPref.
1. Macroeconomics. I. Title.
HB172.5.R667 2011
339dc22 2010037443

ISBN 0-203-82927-1 Master e-book ISBN

ISBN: 9780415779494 (hbk)

ISBN: 9780415779500 (pbk)

ISBN: 9780203829271 (ebk)