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In the 2018 textbook "Macroeconomics" by Daron Acemoglu, David Laibson and John A. List, the corresponding model combining a traditional IS-LM setup with a relation for a changing price level is named an IS-LM-FE model (FE standing for "full equilibrium"). [18]
This is an accepted version of this page This is the latest accepted revision, reviewed on 9 February 2025. Turkish-American economist (born 1967) Daron Acemoglu Acemoglu in 2016 Born Kamer Daron Acemoğlu (1967-09-03) September 3, 1967 (age 57) Istanbul, Turkey Citizenship Turkey and United States Education University of York (BA) London School of Economics (MSc, PhD) Spouse Asu Ozdaglar ...
Microeconomics analyzes the market mechanisms that enable buyers and sellers to establish relative prices among goods and services. Shown is a marketplace in Delhi. Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce ...
Karl Marx; Das Kapital, 1867; Das Kapital on Wikisource; Annotations, Explanations and Clarifications to Capital.; Description: A political-economic treatise by Karl Marx.Marx wrote this critical analysis of capitalism and of the political economy from the perspective of historical materialism, the view that history can be understood as a sequence of modes of production in which exploiting ...
With Daron Acemoglu, he is the co-author of several books, including The Narrow Corridor, Why Nations Fail, and Economic Origins of Dictatorship and Democracy. [6] In 2024, Robinson, Acemoglu, and Simon Johnson were awarded the Nobel Memorial Prize in Economic Sciences for their comparative studies on prosperity between nations.
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Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green is the standard US graduate level microeconomics textbook. First published in 1995, the book consists of five parts: Part I: Individual Decision-Making; Part II: Game Theory; Part III: Market Equilibrium and Market Failure; Part IV: General Equilibrium; Part V: Welfare Economics and Incentives.
"The Colonial Origins of Comparative Development" is a 2001 article written by Daron Acemoglu, Simon Johnson, and James A. Robinson and published in American Economic Review. It is considered a seminal contribution to development economics through its use of European settler mortality as an instrumental variable of institutional development in ...
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