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 | | Principles of Macroeconomics by John B. Taylor ISBN-10: 9780395660317 ISBN-10: 0-395-66031-9 ISBN-13: 9780395660317 ISBN-13: 978-0-395-66031-7 Paperback 1995-03 Houghton Mifflin College Div Find Lowest Price |
Editorials | ||
Book Description Taylor covers long-run economic fundamentals first, followed by a thorough study of business cycles, allowing students to fully understand the fundamental determinants of economic growth before examining short-term economic fluctuations. Both AD/AS and ADIA coverage are included in this edition. Taylor offers a refinement of the classic AD/AS diagram to take price adjustment and inflation into account—a more realistic approach for students who have already explored topics in long-run growth. | ||
Reviews | ||
Good Begining Macroeconomics Text An introduction to macroeconomics written by the creator of the Taylor Rule. It begins with an overview of economics in general including market economies and the supply/demand model. Later topics include measuring GDP, the spending allocation model, unemployment, productivity, money, inflation, fiscal policy, monetary policy, financial markets, and international trade. The text has bright, eye-catching graphics and convenient review boxes placed throughout the chapters but tends to focus more on the U.S. economy than economies in general. | ||
An innovative approach This book offers a new path to introduce us in macroeconomic studies, quite innovative if we compare to its congenerous, however very focused on rational expectations contribuitions. The authors suggests we must priorize our comprehension about the long term economic flutuactons, in opposite of the traditional ones, which dedicate the last pages to develop these subjects; in Hall & Talylor's book, the reader is introduced to the basics frameworks and modern theories soon in the firsts chapters. So, the natural consequence of their proposal is the loss of the primacy of Hicks's IS-LM model - as a basic framework tradionaly adopted as necessary to understanding the macroeconomics fundamentals - to the contemporaries economics growth theories, enriching it with many "real world" examples about its approaches. The only restriction I do is the negligence, or a little more emphasis, on other kind of approaches in macroeconomic thought (the post-keynesians contribuitions, for example), causing us the sensation that the macroeconomics reality is restricted to rational expectations workings. For an approach which priorize the evolution of the schools of macroeconomics thought, I recomend the Froyen's book. In spite of that, is an excellent introduction to macroeconomic theory. | ||
Makes studying economics easy! Thumbs up! This book is well organized to help student learn macroeconomics. It has the best utilization of pedagogical features (not just graphs, captions and colors) I've ever seen. I found key term call-outs, section reviews, and keypoint outlines to be the most helpful. I appreciate the efforts of reducing the amount of reading necessary to understand the concepts. If you are not a lazy student, you will have lots of case studies, news analysis, econ puzzles, and biographies to broaden your breath. All these features are well organized so that you can read efficiently, thanks to the ingenious layouts. I am actually here to look for other books by Mr. Taylor to support my current textbooks. | ||