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Macroeconomics, 2/E
Stephen D. Williamson, Washington University, St.Louis

ISBN-10: 0321240936
ISBN-13:  9780321240934

Publisher:  Prentice Hall
Copyright:  2005
Format:  Cloth Bound with PIN; 704 pp
Published:  03/18/2004


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Description

Williamson builds a balanced study of macroeconomics upon a firm foundation of microeconomic principles. This approach allows deeper insights into growth processes and business cycles, better integrates the study of macroeconomics with microeconomics, and maintains consistency with current methods of macroeconomic research. The combined result is a better preparation for other courses.


Features

  • Focus on the market-clearing approach with an optional treatment of Keynesian analysis.
  • Strong theoretical underpinnings balanced by real-world applications in two features—"Theory Confronts the Data" and "Macroeconomics in Action."
  • Liberal use of graphical analysis helps make the modeling transparent to the student, alongside descriptive and algebraic presentations.
  • Intuitive explanations help students grasp complex abstract concepts.


New To This Edition

  • Expanded, state-of-the-art treatment of economic growth, intuitively motivated by a simple presentation of the Malthusian (non-growth) model, plus new material on the Solow growth model and endogenous growth.
  • New "Theory Confronts the Data" and "Macroeconomics in Action" boxes, including an examination of the transition from pay-as-you-go to fully funded social security, 9/11 as a sectoral shock, and the "new economy becoming "old" again, among others.
  • Reoriented "Working with the Data" feature at the end of each chapter, with exercises based on data available in spreadsheet form on the text's Web site.


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. ECONOMIC GROWTH.

 6. Economic Growth: Malthus and Solow.

 7. Income Disparity Among Countries and Endogenous Growth.

IV. SAVINGS, GOVERNMENT DEFICITS, AND INVESTMENT.

 8. A Two-Period Model: The Consumption Savings Decision and Ricardian Equivalence.

 9. A Real Intemporal Model with Investment.

V. MONEY AND BUSINESS CYCLES.

10. A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand.

11. Market-Clearing Models of the Business Cycle.

12. Keynesian Business Cycle Theory: The Sticky Wage Model.

VI. INTERNATIONAL ECONOMICS.

13. International Trade in Goods and Assets.

14. Money in the Open Economy.

VII. MONEY, BANKING, UNEMPLOYMENT, AND INFLATION.

15. Money, Inflation, and Banking.

16. Unemployment: Search and Efficiency Wages.

17. Inflation, the Phillips Curve, and Central Bank Commitment.

Mathematical Appendix.


Next Edition(s)

  • Macroeconomics, 4/E
    Williamson
    ©2011  |  Prentice Hall  |  Cloth; 720 pp  |  Instock
    ISBN-10: 0131368737  |  ISBN-13: 9780131368736
    Brief Description  |  More Info



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Websites and Online Courses

Companion Web site, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321241002  |  ISBN-13: 9780321241009
More Info

Online Study Guide, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240979  |  ISBN-13: 9780321240972
More Info

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Online Instructor's Manual, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240960  |  ISBN-13: 9780321240965

Show Downloadable Files
 | More Info

Online PowerPoint Slides, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321241029  |  ISBN-13: 9780321241023

Show Downloadable Files
 | More Info

Online Test Bank, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321241010  |  ISBN-13: 9780321241016

Show Downloadable Files
 | More Info

Computerized Test Bank, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240944  |  ISBN-13: 9780321240941

Show Downloadable Files
 | More Info

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Companion Web site, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321241002  |  ISBN-13: 9780321241009
More Info

Online Study Guide, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240979  |  ISBN-13: 9780321240972
More Info

Back to top


Websites and online courses

Companion Web site, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321241002  |  ISBN-13: 9780321241009
More Info

Online Study Guide, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240979  |  ISBN-13: 9780321240972
More Info


Websites and Online Courses

Companion Web site, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321241002  |  ISBN-13: 9780321241009
More Info

Online Study Guide, 2/E
Williamson
©2005  |  Prentice Hall  |  On-line Supplement; 0 pp  |  Live
ISBN-10: 0321240979  |  ISBN-13: 9780321240972
More Info

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    Williamson
    ©2005  |  Prentice Hall  |  Electronic Book; 704 pp  |  Available
    ISBN-10: 0321301021  |  ISBN-13: 9780321301024
    Brief Description  |  More Info  |  Students, buy access


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