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Full Description
For undergraduate Macroeconomics courses.A modern approach to macroeconomics. Williamson's Macroeconomics uses a thoroughly modern approach by showing students how to build macroeconomic models from microeconomic principles. This approach helps to make the text consistent with the way macroeconomic research is conducted today.
Contents
I. INTRODUCTION AND MEASUREMENT ISSUES1. Introduction2. Measurement3. Business Cycle Measurement4. Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization5. A Closed-Economy One-Period Macroeconomic Model6. Search and UnemploymentPART III. ECONOMIC GROWTH7. Economic Growth: Malthus and Solow8. Income Disparity Among Countries and Endogenous GrowthPART IV. SAVINGS, INVESTMENT, AND GOVERNMENT DEFICITS9. A Two-Period Model: The Consumption-Savings Decision and Credit Markets10. Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security11. A Real Intertemporal Model with InvestmentPART V. MONEY AND BUSINESS CYCLES12. Money, Banking, Prices, and Monetary Policy13. Business Cycle Models with Flexible Prices and Wages14. New Keynesian Economics: Sticky PricesPART VI. INTERNATIONAL MACROECONOMICS15. International Trade in Goods and Assets16. Money in the Open EconomyPART VII. MONEY, BANKING, AND INFLATION17. Money, Inflation, and Banking18. Inflation, the Phillips Curve, and Central Bank CommitmentAppendix Mathematical AppendixIndex
