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Uilibrium t Really struggled to finish it Not for the azy Apparently nontechnical means without euations and graphs Unfortunately topics Athreya is writing about are very hard to express in words alone That is why book is uite boring and hard to read The book can be useful for students as a complement to technical texts but not for general publi. Book Athreya shows how the Walrasian approach shapes and unifies much of modern macroeconomics He details models central to ongoing macroeconomic analyses the neoclassical and stochastic growth models the standard incomplete markets model the overlapping generations model and the standard search model Athreya's accessible primer traces the inks between the views and policy advice of modern macroeconomists and their shared theoretical approac.
As the author says in the closing paragraphs this book aligns closely with the first year of graduate studies in economics It served nicely as tangential reading during my rare non busy unches and worked well being stretched out over a year Kartik is very well read and the one thing that would really be nice is a Teaching Machines list at the end of each chapter An accessible description of modern macroeconomics and a defense of its policy relevanceMacroeconomists have been caricatured either as credulous savants inove with the beauty of their mathematical models or as free market fundamentalists who admit no doubt as to the market's wisdom In this book Kartik Athreya draws a truer picture offering a nontechnical description of prominent ideas and models in macroeconomics and arguing for their valu.
R at the end of the book of topics that are Borderline Personality Disorder listed in the book and the references that supplied for each topic in the text 339 A871 2014 Excellent I wish I had read this during my second year in graduate school after taking the core PhD curriculum Kartik Athreya ties the important results in microeconomic theory particularly regarding Walrasian E as interpretive tools as well as their policy relevance Athreya deliberatelyeaves out the technical machinery providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy adviceAthreya describes the main approach to macroeconomic model construction the foundational Walrasian general euilibrium framework and its modern version the Arrow Debreu McKenzie ADM model In the heart of the.