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Macroeconomics By Stephen D. Williamson

Macroeconomics by Stephen D. Williamson

Condition - Very Good
$42.99
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Summary

Built on the premise that undergraduate intermediate macroeconomics should be taught similarly to how modern macroeconomics research and graduate teaching are done, this book presents a modern approach to macroeconomics, built up from microeconomic principles.

Macroeconomics Summary

Macroeconomics by Stephen D. Williamson

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

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.

III. SAVINGS, GOVERNMENT DEFICITS, INVESTMENT, AND GROWTH.

6. A Two-Period Model: The Consumption-Savings Decision and Ricardian Equivalence.
7. A Real Intertemporal Model with Investment.
8. Economic Growth.

IV. MONEY AND BUSINESS CYCLES.

9. A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand.
10. Keynesian Business Cycle Theory: The Sticky Wage Model.
11. Market-Clearing Models of the Business Cycle.

V. INTERNATIONAL MACROECONOMICS.

12. International Trade in Goods and Assets.
13. Money in the Open Economy.

VI. MONEY, BANKING, UNEMPLOYMENT, AND INFLATION.

14. Money, Private Banking, and Central Banking.
15. Unemployment: Search and Efficiency Wages.
16. Inflation, the Phillips Curve, and Central Bank Commitment.
Mathematical Appendix.
Index.

Additional information

GOR003328968
9780201710465
0201710463
Macroeconomics by Stephen D. Williamson
Used - Very Good
Hardback
Pearson Education Limited
2001-10-12
672
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - Macroeconomics