Along the way, students learn who collects these data, how they are collected, and the frequency with which they are released--institutional details often glossed over or omitted entirely in an introductory
macroeconomics course.
There is a stark and unavoidable contradiction between what we want our
macroeconomics to explain --persistent large-scale unemployment, desultory growth, price-level instability and the sort of phenomena that neoclassical microeconomics can comfortably accommodate.
But they offer a useful bird's-eye perspective of the
macroeconomic consequences of financial crises, and help to sort out the main policy issues.
The two main conclusions I reach from my survey are the following: first, that the Brookings Papers has published a considerable number of papers that changed the direction of thinking in many different branches of
macroeconomics; and second, that the Brookings Papers remains unique in its ability to recruit top people in the field to write original scholarly papers about current
macroeconomic events.
The Handbook of
Macroeconomics, produced for a more narrowly academic target audience, is notably more cautious: "the area of common ground is considerable, though we cannot yet announce a 'new synthesis' that could be endorsed by most scholars working in the field" (Taylor and Woodford 1999, xi).
The College Board regularly requires that the AP exams be given to college students who are completing an introductory course in microeconomics or
macroeconomics.
Macroeconomics Principles became a course in the University Core of Texas A&M University-Corpus Christi (TAMU-CC) when the University changed from a two-year, upper-level institution to a four year comprehensive university in Fall 1994.
Farmer starts the book with the premise that since
macroeconomics deals with the behavior of the economy as a whole, hence the natural foundation for
macroeconomics lies in the microeconomic theory of general equilibrium.
Rather I want to ask if there is not a neglected connection between the environment and
macroeconomics.
The book is concerned with
macroeconomics, economic growth and international economies.
It covers economics, economic analysis, and economic systems; money, banks, and financial activities; the
macroeconomics of the short and long run; the international economy; and recent trends.
