Macroeconomics

by Williamson, Stephen D.

• ISBN13: 9780321240934
• ISBN10: 0321240936
• Edition: 2nd
• Format: Hardcover
• Copyright: 2008-01-01
• Publisher: Addison Wesley

Summary

Williamson builds a balanced study of macroeconomics upon a firm foundation of microeconomic principles. This approach allows deeper insights into growth processes and business cycles, better integrates the study of macroeconomics with microeconomics, and maintains consistency with current methods of macroeconomic research. The combined result is a better preparation for other courses.

Table of Contents

Introduction and Measurement Issues

Introduction

Measurement: National Income Accounting, Prices, Saving, and Labor Markets

Business Cycle Measurement

A One-Period Model of the Macroeconomy

Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization

A Closed-Economy One-Period Macroeconomic Model

Economic Growth

Economic Growth: Malthus and Solow

Income Disparity Among Countries and Endogenous Growth

Savings, Investment, and Government Deficits

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

A Real Intemporal Model with Investment

Money and Business Cycles

A Monetary Intertemporal Model: Money, Prices, and Monetary Policy

Market-Clearing Models of the Business Cycle

Keynesian Business Cycle Theory: The Sticky Price Model

International Macroeconomics

International Trade in Goods and Assets

Money in the Open Economy

Topics in Macroeconomics

Money, Inflation, and Banking

Unemployment: Search and Efficiency Wages

Inflation, the Phillips Curve, and Central Bank Commitmen?

Mathematical Appendix

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