Books by Max Gillman

Presents the development of Macroeconomic Theory from its split into Neoclassical and Keynesian during the Great Depressions to its current form after the Great Recession. By showing how crises led to the development of macroeconomic theory, the student gets a feeling of the changing nature of the science that economists call Macroeconomics.

Modern Macroeconomics, by Max Gillman, takes a new and modern approach to macroeconomic theory using microeconomic foundations. Building from the standard neo-classical models, Gillman has developed a new dynamic model which works to explain business cycles and unemployment, why you can have a banking lead recession as well as fiscal and monetary policy. Although strong in mathematical rigour all calculations in this text are fully derived and graphs provide a direct representation making it accessible. This text is suitable for undergraduate students studying Advanced Macroeconomics courses.