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Macroeconomics,9780132991339
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Macroeconomics

by
Edition:
5th
ISBN13:

9780132991339

ISBN10:
0132991330
Format:
Hardcover
Pub. Date:
2/28/2013
Publisher(s):
Prentice Hall
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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



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