Macroeconomics

by Williamson, Stephen D.

• ISBN13: 9780132991339
• ISBN10: 0132991330
• Edition: 5th
• Format: Hardcover
• Copyright: 2013-02-28
• Publisher: Pearson

Summary

For undergraduate Macroeconomics courses.

A modern approach to macroeconomics.

Williamson’s Macroeconomics uses a thoroughly modern approach by showing students how to build macro economic models from micro economic principles. This approach helps to make the text consistent with the way macroeconomic research is conducted today.

Table of Contents

I. INTRODUCTION AND MEASUREMENT ISSUES

1. Introduction

2. Measurement

3. Business Cycle Measurement

II. A ONE-PERIOD MODEL OF THE MACROECONOMY

4. Consumer and Firm Behavior: The Work—Leisure Decision and Profit Maximization

5. A Closed-Economy One-Period Macroeconomic Model

6. Search and Unemployment Labor Market Facts

PART III. ECONOMIC GROWTH

7. Economic Growth: Malthus and Solow

8. Income Disparity Among Countries and Endogenous Growth Convergence

PART IV. SAVINGS, INVESTMENT, AND GOVERNMENT DEFICITS

9. A Two-Period Model: The Consumption—Savings Decision and Credit Markets

10. Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security

11. A Real Intertemporal Model with Investment

PART V. MONEY AND BUSINESS CYCLES

12. Money, Banking, Prices, and Monetary Policy

13. Business Cycle Models with Flexible Prices and Wages

14. New Keynesian Economics: Sticky Prices

PART VI. INTERNATIONAL MACROECONOMICS

15. International Trade in Goods and Assets

16. Money in the Open Economy

PART VII. MONEY, BANKING, AND INFLATION

17. Money, Inflation, and Banking

18. Inflation, the Phillips Curve, and Central Bank Commitment

Appendix Mathematical Appendix

Index