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Prentice Hall
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Williamsonrs"sMacroeconomicsuses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today. The text builds macroeconomic models from a foundation of microeconomic principles. This methodology prepares students for further study in economics by allowing deeper insight into growth processes and business cycles, integrating the study of macroeconomics with microeconomics, and maintaining consistency with current methods of macroeconomic research.

Table of Contents

Part I. Introduction and Measurement Issues    
Chapter 1: Introduction    
Chapter 2: Measurement    
Chapter 3: Business Cycle Measurement    
Part II. A One-Period Model of the Macroeconomy    
Chapter 4: Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization    
Chapter 5: A Closed-Economy One-Period Macroeconomic Model    
Part III. Economic Growth    
Chapter 6: Economic Growth: Malthus and Solow    
Chapter 7: Income Disparity Among Countries and Endogenous Growth    
Part IV. Savings, Investment, and Government Deficits    
Chapter 8: A Two-Period Model: The Consumption–Savings Decision and Credit Markets    
Chapter 9: Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security    
Chapter 10: A Real Intertemporal Model with Investment    
Part V. Money and Business Cycles    
Chapter 11: Money, Banking, Prices, and Monetary Policy    
Chapter 12: Market-Clearing Models of the Business Cycle    
Chapter 13: New Keynesian Economics: Sticky Prices    
Part VI. International Macroeconomics    
Chapter 14: International Trade in Goods and Assets    
Chapter 15: Money in the Open Economy    
Part VII. Topics in Macroeconomics    
Chapter 16: Money, Inflation, and Banking    
Chapter 17: Unemployment: Search and Efficiency Wages    
Chapter 18: Inflation, the Phillips Curve, and Central Bank Commitment    

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