<p>Macroeconomics nowadays tend to require <a href="https://en.wikipedia.org/wiki/Microfoundations" rel="nofollow noreferrer">microfoundations</a>. As a result, general equilibrium are more of a topic for macro than micro analysis. The <a href="https://en.wikipedia.org/wiki/Dynamic_stochastic_general_equilibrium" rel="nofollow noreferrer">dynamic stochastic general equilibrium (DSGE)</a> model and its variants underlie much of macroeconomic analysis nowadays.</p>

<p>Standard texts:</p>

<ul>
<li><a href="https://rads.stackoverflow.com/amzn/click/0674750969" rel="nofollow noreferrer">Stokey and Lucas (1989) <em>Recursive Methods in Economic Dynamics</em></a></li>
<li><a href="https://rads.stackoverflow.com/amzn/click/026212274X" rel="nofollow noreferrer">Ljungqvist and Sargent (2004) <em>Recursive Macroeconomic Theory</em></a></li>
</ul>

CC BY-SA 3.0
2018-02-23T18:36:21.620Z
2018-02-23T18:41:36.503Z
2018-02-23T18:41:36.503Z
Herr K.
<p>You would probably be interested in the identification of <a href="https://en.wikipedia.org/wiki/Balanced-growth_equilibrium" rel="nofollow noreferrer">Balanced Growth Path (BGP) </a>. It one of the topics covered in advanced macroeconomics.</p>

<p>David Romer gives it a good treatment in his book advanced macroeconomics.</p>

CC BY-SA 3.0
2018-01-21T18:48:14.583Z
2018-01-21T18:48:14.583Z
EconJohn
<p>Macroeconomists tend to study GDP in terms of macro variables. </p>

<p>Microeconomists study general equilibrium (among other thinga of course).</p>

<p>Is there theory about the relation between general equilibrium and GDP? Where should I look for this?</p>

CC BY-SA 3.0
2018-01-24T21:52:43.023Z
Macroeconomics nowadays tend to require [microfoundations](https://en.wikipedia.org/wiki/Microfoundations). As a result, general equilibrium are more of a topic for macro than micro analysis. The [dynamic stochastic general equilibrium (DSGE)](https://en.wikipedia.org/wiki/Dynamic_stochastic_general_equilibrium) model and its variants underlie much of macroeconomic analysis nowadays.
Herr K.
CC BY-SA 3.0
2018-02-23T18:19:49.000Z
@HerrK. You might consider converting your comment to an answer. I think you're comment pretty much sums it all up.
jmbejara
<gdp><general-equilibrium>
Microeconomics of GDP
user56834
# Microeconomics of GDP

(Asked by: username_0 on 2018-01-21)

Macroeconomists tend to study GDP in terms of macro variables.

Microeconomists study general equilibrium (among other thinga of course).

Is there theory about the relation between general equilibrium and GDP? Where should I look for this?

**Tags:** gdp, general-equilibrium

> **Comments:**
> **username_1**: Macroeconomics nowadays tend to require [microfoundations](https://en.wikipedia.org/wiki/Microfoundations). As a result, general equilibrium are more of a topic for macro than micro analysis. The [dynamic stochastic general equilibrium (DSGE)](https://en.wikipedia.org/wiki/Dynamic_stochastic_general_equilibrium) model and its variants underlie much of macroeconomic analysis nowadays.  
> **username_2**: @HerrK. You might consider converting your comment to an answer. I think you're comment pretty much sums it all up.  

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## 2 answers

### Answer by username_1 on 2018-02-23. Score: 1

Macroeconomics nowadays tend to require [microfoundations](https://en.wikipedia.org/wiki/Microfoundations). As a result, general equilibrium are more of a topic for macro than micro analysis. The [dynamic stochastic general equilibrium (DSGE)](https://en.wikipedia.org/wiki/Dynamic_stochastic_general_equilibrium) model and its variants underlie much of macroeconomic analysis nowadays.

Standard texts:

* [Stokey and Lucas (1989) *Recursive Methods in Economic Dynamics*](https://rads.stackoverflow.com/amzn/click/0674750969)
* [Ljungqvist and Sargent (2004) *Recursive Macroeconomic Theory*](https://rads.stackoverflow.com/amzn/click/026212274X)


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### Answer by username_3 on 2018-01-21. Score: 0

You would probably be interested in the identification of [Balanced Growth Path (BGP)](https://en.wikipedia.org/wiki/Balanced-growth_equilibrium) . It one of the topics covered in advanced macroeconomics.

David Romer gives it a good treatment in his book advanced macroeconomics.


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