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Advanced Macroeconomics, 3rd Edition [Kindle Edition]

David Romer
3.8 out of 5 stars  See all reviews (26 customer reviews)

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  • Print ISBN-10: 0072877308
  • Print ISBN-13: 978-0072877304
  • Edition: 3
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Book Description

David Romer's Advanced Macroeconomics, 3e 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 unique in the marketplace.

Product Details

  • File Size: 3080 KB
  • Print Length: 696 pages
  • Simultaneous Device Usage: Up to 2 simultaneous devices, per publisher limits
  • Publisher: The McGraw-Hill Companies; 3 edition (August 17, 2005)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B002Q1YDHW
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #803,111 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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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
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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46 of 60 people found the following review helpful
1.0 out of 5 stars disappointment June 10, 2003
By man
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
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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19 of 24 people found the following review helpful
The book gives a comprehensive review of all major macroecomic problems at an intermediate level. A reader is assumed to be familiar with basic econometrics and math. The book contains A LOT of macroeconomic models which upgrade it's level to upper-intermediate. Together with Barro and Sala-i-Martin, and Aghion and Howitt the book can be used as a perfect post-graduate course of Growth theories. So if one wants to start studying macroeconomics on an intermediate/advanced level - this is the book to start with.
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13 of 16 people found the following review helpful
5.0 out of 5 stars Excellent addition to a macro lineup October 15, 2000
Romer concisely constructed a book on advanced macro theory that complements well with Barro/Sala-i-Martin, and Blanchard/Fischer. The chapters are well-written and useful. Another reviewer did assert that there is too much math and not enough "explanation". Well, grad level economics is laden with math, however, the idea with Romer is to use the math to find the intuition that we should already know from undergraduate work. the book is well-divided between growth theory and money/employment issues. I will admit that I believe it is somewhat weak in open-economy, but there are a number of books that specialize in that anyway. Another must have for econ grad students.
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4 of 4 people found the following review helpful
5.0 out of 5 stars Best Advanced Macroeconomics ever written November 3, 2006
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 simple manner several issues regarding the most advanced issues on Macroeconomics,

- It's updated and varied,

- It's accessible for new comers in the field.
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16 of 21 people found the following review helpful
5.0 out of 5 stars The best graduate macroeconomics textbook May 5, 2001
By A Customer
This book (2nd edition) is fine. It covers all important macroeconomics topics (economic growth, business cycles, aggregate demand -consumption and investment-, labor markets and economic policy -monetary and fiscal policy-). It is up-to-date and its math is not very difficult to follow. In a nutshell, it is a must for a thorough understanding of modern macroeconomics. By the way, the 1st edition was translated to French, Japanese, Chinese, Greek, and Polish.
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
It was good
Published 10 days ago by sang yong han
5.0 out of 5 stars useful and good
it's good to buy the book here. The book has good quality.
I love the book very much , i think it is a good choice
Published 10 months ago by Mao Yingxuan
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 on December 9, 2012 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 on June 19, 2012 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
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