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Advanced Macroeconomics (Hardcover)

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3.7 out of 5 stars  See all reviews (20 customer reviews)
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Product 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

  • Hardcover: 696 pages
  • Publisher: McGraw-Hill/Irwin; 3 edition (August 17, 2005)
  • Language: English
  • ISBN-10: 0072877308
  • ISBN-13: 978-0072877304
  • Product Dimensions: 9.2 x 6.4 x 1.2 inches
  • Shipping Weight: 2.6 pounds (View shipping rates and policies)
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon.com Sales Rank: #15,453 in Books (See Bestsellers in Books)

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Customer Reviews

20 Reviews
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Average Customer Review
3.7 out of 5 stars (20 customer reviews)
 
 
 
 
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46 of 56 people found the following review helpful:
4.0 out of 5 stars The best of its kind, May 17, 2002
By Mike (Cambridge, UK) - See all my reviews
This review is from: Advanced Macroeconomics (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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39 of 48 people found the following review helpful:
1.0 out of 5 stars disappointment, June 10, 2003
By man (earth) - See all my reviews
This review is from: Advanced Macroeconomics (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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17 of 21 people found the following review helpful:
5.0 out of 5 stars state of the art book for all last-year undegraduates, April 3, 2000
This review is from: Advanced Macroeconomics (Hardcover)
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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Most Recent Customer Reviews

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 4 months ago 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 12 months ago 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 16 months ago by Dennis H. Barber

2.0 out of 5 stars Poor: lacking in rigor, not critical enough, sloppily designed problems
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... 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 simple... 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

1.0 out of 5 stars A lot of fluff, very little meat
This book was a required text for my first semester of the Economics PhD core. I found the book to be a terrible disaster. Read more
Published on October 20, 2005 by Econ Grad

4.0 out of 5 stars A good survey
Different people with different expectations and needs for this book tend to view it differently. This book didn't delve deeply into the formal theory and is appropriate to gain a... Read more
Published on September 26, 2005 by J. Li

1.0 out of 5 stars Disappointment
Sharing the sentiments of the two previous posters, I think this book is a disappointment. For example, the second macro model presented by Romer -- the Ramsey-Cass-Koopman model... Read more
Published on May 9, 2005 by summing

3.0 out of 5 stars Could be better
This textbook had too much discussion and not enough equations, but that's probably the fault of economics professors in general, not Romer.
Published on April 16, 2002 by Aaron Strauss

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