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This title provides students with a thorough understanding of fundamental models in macroeconomics and introduces them to methods of formal macroeconomic analysis.
- Sales Rank: #1163017 in Books
- Brand: Brand: McGraw-Hill Education
- Published on: 2010-03-01
- Original language: English
- Number of items: 1
- Dimensions: 10.00" h x 1.68" w x 7.99" l, 3.80 pounds
- Binding: Paperback
- 848 pages
- Used Book in Good Condition
Review
This is an excellent addition to the macro text market. The treatment of the topics is clear and always involves engagement with the emperical evidence. The latter is drawn from Europe and the US and the rest of the world. The coverage of topics is good. Review by Shaun P. Hargreaves Heap, University of East Anglica, Textbook Guide May 2005 The Times Ed Supp 20050527
About the Author
Peter Birch Srensen is Professor of Macroeconomic Theory and Policy at the University of Copenhagen. He is coeditor of the CESifo volume "Measuring the Tax Burden on Capital and Labor" (MIT Press, 2004).
Most helpful customer reviews
8 of 8 people found the following review helpful.
Very Solid Textbook
By Peter B. Klibowitz
I'm using this textbook has part of my Master's program. The textbook has a good combination of theory and empirical results. They break down the concepts so that they are understandable and keep you from feeling lost. Finally the textbook builds upon itself in a logical sequence.
1 of 1 people found the following review helpful.
Very solid textbook with great efforts but could still be replaced by using Blanchard's and Romer's books
By Nahua Kang
I am a bachelor economics student in an European business school. I have used the first half of this book for Solow Model and Growth Theory. I will offer my own opinion, which might be biased.
I appreciate these two Danish authors' efforts in writing a textbook that would bridge the advanced macroeconomics of bachelor's level and the macroeconomics at the level of Master's or of 1st-year PhD. In terms of growth modeling (Solow), which is the part that I read, this book does a great job. Each chapter builds on the previous one and adds one or two additional parameters (tech growth, human capital, natural resources, etc.) to the model. The exercises at the end of each chapter enhance a student's understanding of the content(with some extra, interesting contents), ability to do decent economic analysis(data processing, regression), skills to program simulation with statistical software(although you can do it also in Excel). The authors also try to explain the model/theory by relating it to microeconomics, which is also good.
This book is very thick as the authors try to explain everything in as detailed sentences as they possible can. So I imagine this book would be a great material for those who want to do self-studies. However, this book is quite similar to some other textbooks written by European scholars, such as the Macroeconomics by Manfred Gaertner, in that the style of writing seems too rigid and flat to me. It is sometimes difficult to concentrate on the material for long. But because it tries to explain slowly all the points, it is much much easier to understand than Gaertner's book, which is dense and somewhat difficult to understand. Olivier Blanchard's renowned textbook Macroeconomics, on the other hand, is very well-written and very easy to follow. For me personally, reading Blanchard's book is like reading Catch 22, vivid and engaging; this book is like In Search of the Lost Time, long and beautiful but sometimes exhausting. So if you are looking for textbooks, I would still recommend Blanchard's Macroeconomics and Romer's Advanced Macroeconomics rather than this book.
In terms of math, this book requires only the most basic understanding of partial derivatives and algebra and there's no advanced mathematics involved. Therefore from time to time I wish we are reading Romer's book with more mathematics. This could be a good news for those who are weak in math and bad for those who are ready to learn in a more concise format with more math. I hope this review helps as it is my first written review for a book on Amazon :)
1 of 1 people found the following review helpful.
A great text in a poorly bound book
By Alexander
I am convinced that this is a brilliant book on advanced macroeconomics (well, perhaps "lower advanced" or "introductory advanced") for those of us who did not graduate from MIT et al. Very well written and up to the point. One of the reviewers says that it is too long - well, that is the classical trade-off: you either have a brief book or one with detailed explanations of the logic behind the models. Personally I vote for the second option which is especially useful when you use the book for self-study rather than to support your university classes.
The book is indeed very good at closing the gap between intermediate and advanced macro courses - thus it reaches exactly the goal the authors declare in the preface to the book.
The only bad thing that I can say about the book is that its binding is of extremely low quality. My copy is very close to becoming two thinner ones (and I have only read less than a quarter of the text so far), and I guess it is not long before pages start explicitly falling out from the book. I hope the publisher will take note and will do a better job when preparing the next edition. For the owners of the 2nd edition, a visit to the bookbinders soon after receiving the book may be a natural choice.
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