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Macroeconomics for MBAs and Masters of Finance

(5 customer reviews)


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SKU: 0521762472 Categories: , , Product ID: 15670


Editorial Reviews


“This is a gem of a book. It covers the many things we really know about macroeconomics, avoiding pointless coverage of ancient controversies. It uses just a little algebra and microeconomics to give surprising answers to important questions, and to solve all sorts of problems that confuse people with verbal analysis. In this way, it is a wonderful introduction to the tools and economic thinking of modern macroeconomics.” – John H Cochrane, University of Chicago

“This is one of the best introductions to modern macroeconomics available. By going through page by page with pen and paper at hand, a reader will naturally begin to understand how modern economics helps addressing substantive questions, from economic growth to business cycles and monetary policy.” – Nobuhiro Kiyotaki, Princeton University

“In the concluding section of my Nobel lecture I lament the problem in macro that, “in the past 20 years, the gap between research and textbooks has grown wider and wider.” Almost all interesting macroeconomic phenomena are dynamic, and that creates a need to be explicit about forward-looking people’s decision problems. But, it’s not straightforward to do dynamics on paper, and so most textbooks shy away from it. In the process, students are done a disservice. Morris Davis changes all of that. He has succeeded in introducing dynamics in a manageable way. At the same time, the book is fun to read. What’s also interesting is his ability, from time to time, to connect with issues commonly discussed only in finance.” – Finn E Kydland, University of California, Santa Barbara, Nobel Laureate 2004

“Morris Davis’ book is a dramatic improvement on what is currently available for teaching aggregate economics to MBAs and advanced undergraduates. It contains important sections on asset prices and trade. This book will provide business students with the solid knowledge of macroeconomic fundamentals they will need to succeed in today’s globalized economy.” – Edward C Prescott, Arizona State University, Nobel Laureate 2004

Book Description

An innovative textbook that provides a concise explanation of the foundations of modern macroeconomic theory and its methods.

Book Description

Using a rigorous and concise framework, this book teaches the foundations of modern macroeconomic theory and methods. It is ideally suited for students taking a first graduate course in macroeconomics as part of an MBA, finance, or economics degree.

About the Author

Morris A. Davis is Assistant Professor in the Department of Real Estate and Urban Land Economics at the University of Wisconsin-Madison School of Business. He also worked for the Federal Reserve Board in Washington, DC from 1998–2000 and 2002–6. He holds a PhD in Economics from the University of Pennsylvania.

Additional information

Weight 1.1 kg

Cambridge University Press; Illustrated edition December 14 2009




246 pages





Item Weight

1.1 pounds


6.14 x 0.63 x 9.21 inches

5 reviews for Macroeconomics for MBAs and Masters of Finance

  1. Clay C

    good for the basics of macro if you’re an econ …Used it for a masters degree program and will most likely never open again haha, good for the basics of macro if you’re an econ student, great for MBAs and business students as the name says; there are other books I like for macro (econ student).

  2. Sean Dorney

    Macro BookThis book is a great introduction to Macro Economics, it is very helpful when explaining general macro concepts and theories.

  3. llsong

    good bookIt is a good book, provide basic concepts in Macro and with detailed math deduction, very useful for the first learners

  4. GHam

    Formula driven macro text, dogmatic approachCons:This macro book has a narrow, dogmatic approach to macro. Davis loves his formulas and forces history to fit the math, not the formula to fit history. Attempting to use the formulas (and Davis’ explanations) on recent economic events (pick any finical crisis in recent memory) creates absurd arguments. This book got returned after my macro course that required it finished – not high praise for a book. From an institutional, pragmatic or historical economic context, the a lot of formulation and theory don’t jive with reality.Pros:Condense (albeit dry), focused, and math heavy. If there is a formula in Macro, you’ll probably find it here. The book displays a “classic” macro approach of mathematical formulas and explanations. This approach is well documented. If you have a particular political agenda, you can use this type of macro to “validate” your positions.

  5. Atanu Mukherjee

    Five StarsExcellent concise and simple mathematical treatise

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