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This introduction to general equilibrium modelling takes an integrated approach to the analysis of macroeconomics and finance. It provides students, practitioners, and policymakers with an easily accessible set of tools that can be used to analyze a wide range of economic phenomena. Key features: * Provides a consistent framework for understanding dynamic economic models * Introduces key concepts in finance in a discrete time setting * Develops simple recursive approach for analyzing a variety of problems in a dynamic, stochastic environment * Sequentially builds up the analysis of consumption, production, and investment models to study their implications for allocations and asset prices * Reviews business cycle analysis and the business cycle implications of monetary and international models * Covers latest research on asset pricing in overlapping generations models and on models with borrowing constraints and transaction costs * Includes end-of-chapter exercises allowing readers to monitor their understanding of each topic Online resources are available at

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Book Details

ISBN: 9780521699143
ISBN-10: 0521699142
Format: Paperback
(247mm x 174mm x 36mm)
Pages: 600
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 11-Sep-2008
Country of Publication: United Kingdom

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Author Biography - Sumru Altug

Sumru Altug is Professor of Economics at Koc University, Istanbul, and Research Fellow on the International Macroeconomics Programme at the Centre for Economic Policy Research (CEPR), London. Pamela Labadie is Professor of Economics at George Washington University, Washington DC.

Books By Author Sumru Altug

Asset Pricing for Dynamic Economies by Sumru Altug

Asset Pricing for Dynamic Economies

Hardback, September 2008
Dynamic Macroeconomic Analysis by Sumru Altug

Dynamic Macroeconomic Analysis

Paperback, November 2003