Modern Macroeconomics

macroeconomicsAssistant Professor of Economics Sanjay Chugh has published an innovative textbook on the subject of macroeconomics. Modern Macroeconomics (MIT Press, 2015) presents macroeconomics through its microeconomic foundations, adopting the representative agent paradigm. By modeling the representative consumer and the representative firm, students will learn to describe macroeconomic outcomes and consider the effects of macroeconomic policies. The text is unique in its coverage of monopolistic competition, financial markets, and the interaction of fiscal and monetary policy, and is geared toward undergraduates in intermediate to advanced economics as well as graduate students.

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