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Résumé :
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The book starts in chapter 1 with the basic facts that need to be explained, the existence and persistence of economic fluctuations and their characteristics. In chapters 2 through 4 it presents the workhorses of modern macroeconomics, the Ramsey growth model and the overlapping generations model, with or without money. These models serve as building blocks in much of modern macroeconomics. Even without additions, they shed light on the fundamental issues of the determinants of saving, the role of fiscal policy in affecting captial accumulation, and the difference between barter and monetary economics. Chapter 5 discuss issues of bubbles, multiple equilibria, and deterministic cycles. In chapters 6 and 7 these basic models are extended to allow for the presence of uncertainty and stochastic fluctuations. In chapter 7 a text on equilibrium economics is presented.
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