This textbook offers a complete course in applied macroeconomics at the
intermediate level that emphasizes the application of economic theory to
real-world data and policy. Topics covered include national and international
income and financial accounts, business cycles, financial markets, economic
growth, labor markets, aggregate supply and demand, inflation, and
monetary and fiscal policy. The text is unique in developing a detailed toolkit
of elementary statistics and graphical techniques for economic data. One
strength is its detailed treatment of national and international financial markets
and the institutions of monetary and fiscal policy, which makes it especially
helpful in understanding recent economic crises. The website for the
text is found at www.appliedmacroeconomics.com.
Kevin D. Hoover is Professor of Economics and Philosophy at Duke University.
A graduate of the College of William and Mary, he received his doctorate
from the University of Oxford. He developed his interest in applied
macroeconomics early in his career while working at the Federal Reserve
Bank of San Francisco. Before moving to Duke, Hoover taught economics
at the University of California, Davis, and at Oxford. He is the author of
The New Classical Macroeconomics (1988), Causality in Macroeconomics
(Cambridge University Press, 2001), and The Methodology of Empirical
Macroeconomics (Cambridge University Press, 2001) and has edited nine
volumes and written more than one hundred academic articles on macroeconomics,
monetary economics, econometrics, the methodology and philosophy
of economics, and the history of economic thought. He is past chairman
of the International Network for Economic Method, past president of
the History of Economics Society, and a former editor of the Journal of
Economic Methodology. He is currently the editor of the journal History
of Political Economy and a Fellow of the Center for the History of Political
Economy at Duke University.
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