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  • Format: Hardcover
  • Copyright: 2002-01-01
  • Publisher: Addison Wesley
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Built on the premise that undergraduate intermediate macroeconomics should be taught similarly to how modern macroeconomics research and graduate teaching are done, Stephen Williamson presents a modern approach to macroeconomics that is built up from microeconomic principles. This philosophy not only reinforces what students have learned in microeconomics, but it also gives them the tools necessary for later courses in the economics field. The approach in Macroeconomics is even-handed and not biased toward a particular school of thought. The focus is on the market-clearing approach, but with a more central treatment of Keynesian analysis. The inclusion of Keynesian analysis provides more flexibility in the teaching of the course, without sacrificing the rigor of a micro-based model of macroeconomics. For those who don't think Keynesian approaches are useful, they can easily be omitted without loss of continuity.

Table of Contents

Introduction And Measurement Issues
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, Government Deficits, And Investment
A Two-Period Model: The Consumption Savings Decision and Ricardian Equivalence
A Real Intemporal Model with Investment
Money And Business Cycles
A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand
Market-Clearing Models of the Business Cycle
Keynesian Business Cycle Theory: The Sticky Wage Model
International Economics
International Trade in Goods and Assets
Money in the Open Economy
Money, Banking, Unemployment, And Inflation
Money, Inflation, and Banking
Unemployment: Search and Efficiency Wages
Inflation, the Phillips Curve, and Central Bank Commitment
Mathematical Appendix
Table of Contents provided by Publisher. All Rights Reserved.

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