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Advanced Macroeconomics [Hardcover]

David Romer
3.7 out of 5 stars  See all reviews (24 customer reviews)


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Advanced Macroeconomics (The Mcgraw-Hill Series in Economics) Advanced Macroeconomics (The Mcgraw-Hill Series in Economics) 4.0 out of 5 stars (7)
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Book Description

December 20, 2000 0072318554 978-0072318555 2
David Romer’s Advanced Macroeconomics, 2e is the standard text and the starting point for graduate macro courses and helps lay the groundwork for students to begin doing research in macroeconomics and monetary economics. A series of formal models are used to present and analyze important macroeconomic theories. The theories are supplemented by examples of relevant empirical work, which illustrate the ways that theories can be applied and tested. This well-respected and well-known text is virtually unique in the marketplace.


Product Details

  • Hardcover: 672 pages
  • Publisher: McGraw-Hill/Irwin; 2 edition (December 20, 2000)
  • Language: English
  • ISBN-10: 0072318554
  • ISBN-13: 978-0072318555
  • Product Dimensions: 9.2 x 6.5 x 1.2 inches
  • Shipping Weight: 1.8 pounds
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (24 customer reviews)
  • Amazon Best Sellers Rank: #1,248,550 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews
52 of 62 people found the following review helpful
4.0 out of 5 stars The best of its kind May 17, 2002
By Mike
Format:Hardcover
There can be no question that Romer's text-book is an outstanding tome. However, I'm sure most reviewers would agree with me when I say that economists tend to have a love/hate relationship with this book. We love this book because of the breadth of topics covered and the quality of Romer's analysis and exposition. His discussion of dynamic inconsistency is the best I've seen, and the opening chapter on the Neo-classical growth model sets the standard to this day.

A fellow reviewer observed that complaints concerning Romer's penchant for "trivial" mathematics were misplaced because the technicality of modern macroeconomics precludes the possibility of discussing the issues in any other way. I agree. But I think a fairer assessment would be that there are instances where Romer could develop the mathematical underpinnings in a more consise way. The best example is the second chapter on the Ramsey growth model. The easiest way to understand this model is by using optimal control/dynamic programming techniques - which is how it is taught on most graduate courses. Romer's decision not to follow this route is probably borne of a desire to make the book more accessible to undergraduates - who are unlikely to come across these methods. Whatever the intention, the result is an exposition that confuses more than enlightens. Would it not have been better to include a good coverage of optimal control techniques in the appendix?

Nevertheless, an excellent book.

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45 of 59 people found the following review helpful
1.0 out of 5 stars disappointment June 10, 2003
By man
Format:Hardcover
I regret to say that this is not a good accompaniment for my graduate macroeconomics class. I thought I could somehow get some mileage out of this book, but as I read it I found out that its lack of technical details and rigor make my lecture notes look superior. I was misled to think that this is a great textbook through the early positive reviews below, that's why I bought it. Nevertheless, the empirical content is more than enough to satisfy one's curiosity, but I think it is not worthwhile to study advanced macroeconomics without learning fully the necessary theories and the accompanying mathematical techniques. This textbook must not be the choice for a core graduate level macroeconomics class; it's wordiness is comparable to the undergraduate textbook "Intermediate Microeconomics" text by Varian. It is readable of course, when you want to pass the time, but it won't do for a graduate level text. I'm disappointed because this is the second edition already but still the author stuck to the same way of presentation. Perhaps the only differences between the first and the second edition are the empirical data sets and a new chapter and nothing else. The first three chapters and chapter 7 of Obstfeld and Rogoff's treatise, "Foundations of International Macroeconomics," Barro and Sala-i-Martin's, "Economic Growth," and the chapters 2,3 and 4 of Blanchard and Fischer's, "Lectures in Macroeconomics," provide a more comprehensive view of modern acroeconomics.
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6 of 6 people found the following review helpful
4.0 out of 5 stars Reference book for macroeconomists. May 31, 1999
By A Customer
Format:Hardcover
This book tells you what is going on in macroeconomics recently. It is a very good reference book in case you want a quick review of all macroeconomics topics. Easy language and very helpful exercises. Subjects are explained more with intuition rather than technical details. A must if you are interested in working on macroeconomics.
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Most Recent Customer Reviews
5.0 out of 5 stars Good though hard!
Bought it before two years, haha, forgot to leave feedbacks. Nice book for advanced macroeconomics, however, the math is so hard and I could not quite handle the book to say the... Read more
Published 5 months ago by Yu Xiao
4.0 out of 5 stars Dry but what do you expect?
This book is a serious step up for anyone with an intermediate undergrad macro background. However, as far as graduate texts go, this is a good one. Read more
Published 11 months ago by Alex
1.0 out of 5 stars Kindle Edition is non-functional
Text is sufficient in derivation and description of models. However, kindle edition is non-functional, as it cannot be resized and cuts off text, graphs, and equations at page's... Read more
Published on February 15, 2011 by chinaske
5.0 out of 5 stars A very happy customer
The book was in great condition as described and delivery was fast. Their service was way over my expectation and it's great.
Published on January 23, 2011 by NAF
5.0 out of 5 stars Really Advanced
The level of this book is really advanced even for postgraduate students.

It is very good book but you need to know many things before you go for it.
Published on September 28, 2009 by Andreas Spanos
5.0 out of 5 stars perfect
It's a classic textbook of macroeconomics. The price is not so high and the contents of the book are designed is a very reasonable texture. Brand new.
Published on February 6, 2009 by Liu Jie
5.0 out of 5 stars Perfect
The book arrived in a timely manner and the condition was just as described. Very satisfied!
Published on September 29, 2008 by Dennis H. Barber
2.0 out of 5 stars Poor: lacking in rigor, not critical enough, sloppily designed...
This book is almost a stereotype of a bad macroeconomics textbook. While it does have some good qualities, including good and readable writing style (which is useful only when the... Read more
Published on October 15, 2007 by Alexander C. Zorach
5.0 out of 5 stars Best Advanced Macroeconomics ever written
The Advanced Macroeconomics from Professor David Romer is in my opinion the best Advanced Macroeconomics textbook ever written, due to some points:

- It treats in a... Read more
Published on November 3, 2006 by J. Tavares Perrelli
1.0 out of 5 stars unfortunately there's nothing better
One might divide economics books into two categories: those that are strong on explanation and intution, and those that are strong on proof. Read more
Published on October 31, 2005 by Louis
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