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Binding: HardcoverDewey Decimal Number: 339 EAN: 9780072877304 Edition: 3 ISBN: 0072877308 Label: McGraw-Hill Higher Education Manufacturer: McGraw-Hill Higher Education Number Of Items: 1 Number Of Pages: 696 Publication Date: July 04, 2006 Publisher: McGraw-Hill Higher Education Studio: McGraw-Hill Higher Education Related Items:
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 Rating:  - Generally a satisfactory text for research macroeconomistsIf like I, you are using Romer's book as a core text for postgraduate study then I recommend perhaps complementing your postgraduate studies in macroeconomics with a more accessible intermediate level textbook. I found that the major drawback of Romer's text was the lack of explained intermediate steps, for purpose of clarity. Which in my mind is a major drawback for someone who is introduced to new ideas. On the upside however I did find that many of ideas Romer included in the text is presented in the latest macroeconomics literature - such as Quadratic utility functions, and the use of integrals in utility functions, which would be something new to an undergraduate but used widely in research papers. At the end I felt that it's not so much the fact that the material is difficult but more that the explanation of the models were difficult to read and unclear and therefore could have been made a lot simpler and to the point. Rating:  - Very goodThis is an excellent text, suitable for undergraduates in the final 2 years of their degree. This book is more advanced in its theory than other macro texts, such as Mankiw. Romer focuses mainly on the Solow model, RBC theory, alternate business cycle theory, consumption, investment, unemployment and inflation. The book is especially useful for those looking for the mathematics behind the models. Rating: - Excellent textThis is a key text for graduate macroeconomics courses. Romer's book progresses coherently and in a well organised manner through the main areas of macroeconomics. Each model is presented in its essence, so that a good first understanding is ensured, laying the groundwork for further reading and more mathematical representations. Readers may wish to complement their study of Romer's book with the deeper technical material presented in Sargent's "Macroeconomic Theory". Rating: - A very good description of modern macroeconomics.Romer`s book is something worth reading. Its economic intuition is very good but the best part is its use of math to explain economic models. The math involved is not particularly hard, the reader has to be quite familiar with Lagrangeans and First-order conditions and with the basics of dynamic optimization, tools that most postgraduates use regularly. Romer builds the models step by step, equation by equation, and then we get the economic intuituion. There is also some empirical applications of the explained models, which puts more meat on the bones. The book is excellent for growth, RBC, Overlapping generations model, monetary and fiscal issues and also for new-keynesian topics such as imperfect competion, menu costs, contracts and effeciency wages. All in all, the book gives an excellent idea of what modern macroeconomics is all about and its level is just right for first-year postgraduates. Rating: - Ideal for all - including undergraduates!This book is clear and makes the central issues of Macroeconomics easy to understand in a logical manner. It is ideal fro graduates, and if you exclude some of the maths, it is also ideal for understanding undergraduate Macroeconomics. I would recommend reading this book - it is clear and concise.  Try searching the Internet for "Advanced Macroeconomics" or Ebay for "Advanced Macroeconomics". You might also be interested in the following great products:
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