"The regulation of innovation and the optimal design of legal institutions in an environment of uncertainty are two of the most important policy challenges of the twenty-first century. Innovation is critical to economic growth. Regulatory design decisions, and, in particular, competition policy and intellectual property regimes, can have profound consequences for economic growth. However, remarkably little is known about the relationship between innovation, competition, and regulatory policy. Any legal regime must attempt to assess the tradeoffs associated with rules that will affect incentives to innovate, allocative efficiency, competition, and freedom of economic actors to commercialize the fruits of their innovative labors. The essays in this book approach this critical set of problems from an economic perspective, relying on the tools of microeconomics, quantitative analysis, and comparative institutional analysis to explore and begin to provide answers to the myriad challenges facing policymakers"--

"Using a rigorous and concise framework, this book teaches the foundations ofmodernmacroeconomic theory and its methods. It is ideally suited for students taking a first graduate course inmacroeconomics as part of anMBA, finance, or economics degree. The book explains recent advances of modern macroeconomic theorywith respect to growth, business cycles, and asset pricing by focusing on aspects of firmand household behavior that are embedded in modern macroeconomic studies. Throughout the book data issues are discussed in detail:where to find the data, howto download it, and the correspondence of datawithmodelpredictions.Themathematical level assumes that students have taken a course in calculus.With its emphasis on dynamic intertemporalmacroeconomics and the use of data, the book provides studentswith a core toolkit thatwill equip them both for more advanced study and for professional careers as economists. Additional resources (including PowerPoint slides for each chapter, detailed answers to all the questions in the book, and links to useful sites) are available online atwww.cambridge.org/macro4mba"--Provided by publisher.