Advanced Macroeconomics

Author: Gong Litang
Publisher:
Publish Date: 2003-07-03
Features: This book primarily introduces more advanced content in economics, employing mathematical analysis to deduce economic principles. It covers classical income determination models and their new developments, important models of economic growth, the role of government in economic growth, consumption functions and consumption theory, investment functions and investment theory. Additionally, it discusses the issue of optimal government taxation and dedicates significant to monetary issues such as the role of money, the welfare effects of money, the optimal money supply, and the optimal inflation rate. Finally, it addresses asset pricing issues.