Customer Reviews

Macroeconomics - 2nd Edition: An Integrated Approach

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Auerbach and Kotlikoff did a great job! I knew absolutely nothing about macroecnomics before and thought this discipline is totally above and beyond me. An accidental curiosity drove me to pick up this book. BAM! The book and I clicked! Auerbach and Kotlikoff integrated bisic principles of the macroecomics into their original life-model, make them very easy to digest! Besides, the writing style is succint and clear. The language is never complicated and alienating, because the authors aim at conveying some real princles of macroecomics, not showing off their linguistic sophistication! What I appreciate most is three things:

1. The book cites numerous tables and charts that help me understand the texts better .(although the texts are already very well written.)

2. At the end of each chapter, there is a chapter summary. I appreciate the authors' effort to keep the readers' interests in mind! I find this feature very helpful. It saves me the trouble of writing my own summary. ( I have this habit.)

3. A great number of case studies illustrate the theories meaningfully.

In conclusion, I would recommend this book to anyone interested in macroeconomics!

I have a number of macroecon texts, but this one puts them all to shame. The reason is that it focuses on a two-period growth model to set the context for all of the major macro-econ issues. Each chapter takes the growth model forward adding to it in a meaningful way. The discussion of the IS-LM approach is especially good because it derives the IS and LM curves from the basic growth model. Instead of learning a bunch of unrelated macroeconomic theories, this text truly integrates the subject. On top of that the intergenerational approach is especially good.

Great Job by the authors.