RECOMMENDED READING FOR BUDDING ECONOMISTS [UPDATED]

Here is a handy reading guide for those wishing to pursue graduate education in Economics (and Finance):

Macroeconomics

Macroeconomic Analysis by Dirk Niepelt

Dynamic Macroeconomics by George Alogoskoufis

Advanced Macroeconomics by David Romer

Foundations of Modern Macroeconomics by Ben J. Heijdra

Recursive Macroeconomic Theory by Lars Ljungqvist and Thomas J. Sargent – Ph.D. level

Open Economy Macroeconomics by Martín Uribe and Stephanie Schmitt-Grohé

Macroeconomics: Institutions, Instability, and the Financial System by Wendy Carlin and David Soskice [BEST ADVANCED UNDEGRAD TEXT]

Microeconomics

Microeconomic Theory: Basic Principles and Extensions by Walter Nicholson and Christopher M. Snyder

Advanced Microeconomic Theory: An Intuitive Approach with Examples by Felix Muñoz-Garcia

Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green – PhD Level

Labor Economics by Pierre Cahuc, Stéphane Carcillo and André Zylberberg

Intermediate Microeconomics: A Tool-Building Approach by Samiran Banerjee [Advanced Undergraduate Micro Text]

Monetary Economics

Monetary Theory and Policy by Carl E. Walsh

Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications by Jordi Gali

Interest and Prices by Michael Woodford

Economic Growth

Acemoglu, Daron, Introduction to Modern Economic Growth.

Barro and Salai-i-Martin, Economic Growth
Jones and Vollrath, Introduction to Economic Growth [Advanced Undergraduate Level]

International Trade

Advanced International Trade: Theory and Evidence by Robert C. Feenstra

Lectures on International Trade by Jagdish N. Bhagwati and Arvind Panagariya

Econometrics 

Econometric Analysis by William H. Greene

Econometrics by Fumio Hayashi

Mastering 'Metrics: The Path from Cause to Effect by Joshua D. Angrist and Jörn-Steffen Pischke

Economic Development  

Development Macroeconomics by Pierre-Richard Agénor and Peter J. Montiel

Open Economy Macroeconomics in Developing Countries by Carlos A. Végh

Development Economics: Theory and Practice by Alain de Janvry and Elisabeth Sadoulet

Development Economics by Debraj Ray

Economic Policy and Political Economy

Economic Policy: Theory and Practice by Agnès Bénassy-Quéré and Benoît Coeuré

International Political Economy: Perspectives on Global Power and Wealth by Jeffry A. Frieden and David A. Lake

Mathematical Economics

Essential Mathematics for Economic Analysis by Knut Sydsaeter, Peter Hammond, Arne Strom and Andrés Carvajal

Further Mathematics for Economic Analysis by Knut Sydsaeter, Peter Hammond, Atle Seierstad and Arne Strom

Economic Dynamics in Discrete Time by Jianjun Miao

Mathematics for Economists by Carl P. Simon and Lawrence E. Blume

Finance/Financial Economics

Finance and Financial Intermediation: A Modern Treatment of Money, Credit, and Banking by Harold L. Cole

International Financial Management by Geert Bekaert and Robert Hodrick

Quantitative Financial Economics: Stocks, Bonds and Foreign Exchange by Keith Cuthbertson and Dirk Nitzsche

Financial Decisions and Markets: A Course in Asset Pricing by John Y. Campbell

Asset Pricing by John H. Cochrane

Principles of Financial Engineering by Robert Kosowski and Salih N. Neftci