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Introducing Advanced Macroeconomics covers a rich variety of topics in growth and real business cycles and uses. Beginning with an examination of macroeconomics for the long run before considering the economy in the short run, the third edition continues to help intermediate-level students develop their understanding and technical skills so that they can become comfortable with more advanced macroeconomics material and tools.Recognizing mathematics to be a common area of vulnerability, the authors carefully explain all derivations. They also concentrate on the cornerstone models to ensure students can form a deep comprehension of how to apply and examine them.Discussion is motivated by empirical data throughout, demonstrating how real life and theory are connected, and encouraging readers to dissect model predictions and the policy issues they relate to. Guided exercises at the end of every chapter help students to build their confidence as they tackle more challenging material.Digital formats and resourcesThe third edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources. - The e-book offers a mobile experience and convenient access along with functionality, navigation features, and links that offer extra learning support www.oxfordtextbooks.co.uk/ebooks- This book is accompanied by online resources featuring datasets to support end-of-chapter exercises, instructions on how to perform Hodrick-Prescot filtering in Excel, and solutions to the in-chapter exercises for lecturers.
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This book explains the theoretical and empirical foundations for constructing a measure of a country’s Green GDP and how this measure relates to the conventional GDP.Opening with an overview of the academic literature on green national accounting, the first chapter sets up an analytical model of the interaction between a small open economy and the environment to derive a theoretically founded measure of the economy’s Green Net National Income (“Green GDP”). The book then illustrates how the theory can be applied in practice to produce a time series for the evolution of Denmark’s Green GDP and its various components (with an emphasis on the environment) over the last thirty years. As far as possible, the data used in the calculations were constructed in accordance with international statistical guidelines. Therefore, the careful explanation of the methodology which is outlined in the book can be applied to other countries using comparable data.This book will be of significant interest to scholars in the field of environmental economics and statisticians and practitioners working on green national accounting.