Essentials of Advanced Macroeconomic Theory (Routledge Advanced Texts in Economics and Finance)

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Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task. In particular, the notion that markets are self-correcting and all the time in equilibrium appears to have taken a heavy blow. Then again, the jury is still out on which areas will have to be thought to be as failures and what which constitute the way forward for research.

The overall aim of this text is to provide a compact overview of the contributions that are currently considered crucial for macroeconomic analysis and to equip the reader with the essential theoretical knowledge that each one advanced students in macroeconomics will have to be acquainted with.

The result is a compact text that are supposed to act as the easiest complement to further study of macroeconomics: an introduction to the key concepts discussed in the journal literature and suitable for students from upper undergraduate level through to PhD courses.

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