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Macroeconomics / Edition 5

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Overview


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.

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Product Details

  • ISBN-13: 9780132991339
  • Publisher: Prentice Hall
  • Publication date: 3/14/2013
  • Edition description: New Edition
  • Edition number: 5
  • Pages: 720
  • Sales rank: 617,360
  • Product dimensions: 7.40 (w) x 9.20 (h) x 1.20 (d)

Meet the Author

Stephen Williamson is the Chester A. Phillips Professor of Financial Economics in the Department of Economics, Tippie College of Buisness, University of Iowa, and is a Visiting Scholar at the Federal Reserve Bank of Richmond. He received a B.Sc. in Mathematics and an M.A. in Economics from Queen's University in Kingston, Canada, and his Ph.D. from the University of Wisconsin-Madison. He has worked as an economist at the Federal Reserve Bank of Minneapolis and the Bank of Canada. Professor Williamson has published scholarly articles in the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics, the Review of Economic Studies, the Journal of Economic Theory, and the Journal of Monetary Economics, among other prestigious economics journals.

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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


PART III. ECONOMIC GROWTH

7. Economic Growth: Malthus and Solow

8. Income Disparity Among Countries and Endogenous Growth


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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