Macroeconomics

by Williamson, Stephen D.

• ISBN13: 9780321416582
• ISBN10: 0321416589
• Edition: 3rd
• Format: Hardcover
• Copyright: 2008-01-01
• Publisher: Addison Wesley

Summary

Williamsonrs"sMacroeconomicsuses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today. 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: Sticky Wages and Prices.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 Commitment. Mathematical Appendix. For all readers interested in macroeconomics.

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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