Overview

Many undergraduate texts treat macroeconomics as a set of distinct topics rather than as a unified body of theory and empirical findings. In contrast, this text by Alan Auerbach and Laurence Kotlikoff uses a single analytic framework-the two-period life-cycle model-to explore and connect each of the major issues in contemporary macroeconomics. The model describes the evolution of the economy over time in terms of the behavior of overlapping generations of individuals, each of whom lives for two periods- youth and old age. This versatile framework can encompass most macroeconomic schools of thought through the alteration of key assumptions. The use of one basic model also allows the authors to explore important topics not always addressed adequately in other texts; these include credit constraints, real business cycles, generational accounting, and international capital flows markets.

Written in a clear, accessible style, this shortened and simplified second edition provides a systematic way to interpret macroeconomic outcomes, to understand various policy proposals, and to appreciate how individuals and firms fit into the big picture.

ISBN-13

9780262511032

ISBN-10

0262511037

Weight

2.34 Pounds

Dimensions

8.00 x 1.13 x 9.00 In

List Price

$70.00

Edition

2nd Edition

Format

Paperback

Pages

500 pages

Publisher

The MIT Press

Published On

1998-07-31


View All Offers

Sort by:

Condition
Seller
Seller Comments
Price
Used, Good
Seller details
Bonita
★★★★☆

Santa Clarita, CA, USA

Access codes and supplements are not guaranteed with used items. May be an ex-library book.
$44.97

 Free delivery by: 03 Apr 2026

✨ Brand New
Seller details
Alibris
★★★★★

Sparks, NV, USA

Print on demand Trade paperback (US). Glued binding. 500 p. Integrated Approach.
$88.33

 Free delivery by: 03 Apr 2026


Bookstores.com relies on cookies to improve your experience.