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Published: 02 February 2006

852 Pages | 210 line illus.

ISBN: 9780198776222

Bookseller Code (04)

Companion website


Imperfections, Institutions and Policies

Wendy Carlin and David Soskice

  • Develops a core New Keynesian macro model based on imperfect competition and nominal rigidities and shows how this compares with alternatives, making it easier for students to apply this to economic events.
  • Uses a unified framework and a new graphical model throughout to meet the common complaint of students of intermediate macroeconomics that they have learnt many models but don't know which one to use when they want to understand a major economic event.
  • Makes extensive use of a set of core diagrams. Includes maths for clarity when necessary but emphasizes diagrammatic and verbal explanations, helping students to better understand difficult topics.
  • Provides comprehesive coverage of aggregate demand and supply sides of the closed and open economy within an integrated model, giving students a better understanding of all economies.
  • End-of-chapter questions are of two types: check-list questions focus on common confusions and misunderstandings; problems and open-ended questions help students develop deeper understanding and greater confidence.
  • Is unique in providing a self-contained introduction to the growing field of political economy.
  • Companion web site with exercises and checklist questions for students and password-protected solutions and diagrams from the text for lecturers.

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