1. Introduction -- 2. Keynesian Economics -- 3. Monetarism -- 4. New Classical Economics -- 5. Real Business Cycles -- 6. New Keynesian Economics -- 7. Lessons About Business Cycles -- App. 1. Stochastic Second-order Difference Equations -- App. 2. The Over-investment Theory -- App. 3. A Goodwinian Model
Summary
This work provides a compact exposition of business cycle theory and puts the main theories in an historical perspective by presenting them in the chronological order of their appearance and highlighting their differences and commonalities