Mighty Macroeconomics
Author(s): Michihiro Kandori
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Economics helps us to understand that certain slick mechanisms are operating beyond what we see in our daily economic lives. To fully understand and appreciate these mechanisms, we need to master the core mathematical theories, some of which are highly advanced and typically covered in a graduate course. This textbook presents those theories without compromising rigor, but, at the same time, the author offers a number of innovative pedagogical twists that make the difficult materials completely accessible to undergraduate students, and even to general readers. Written in a chatty, colloquial style, the author explains basic messages and core insights that are usually hidden between the lines. The usefulness of these theories is shown through a number of real-life examples, and, in the end, the readers can see that the mathematical models provide deep insights into social justice and philosophy. This book helps readers to think like an economist.
- Demonstrates to students the practical relevance of highly technical theories through their application to a number of convincing real-life case studies
- Helps students overcome their anxiety of mastering mathematical analyses by providing intuitive, easy-to-understand, rigorous and self-contained explanations for all mathematical concepts and theories
- Deepens students' understanding of the use of mathematical theories in microeconomics through persuasive explanations and motivations for abstract assumptions and formulations