Always Learning

Macroeconomics, 3/E
Stephen D. Williamson, Washington University, St.Louis

ISBN-10: 0321416589
ISBN-13:  9780321416582

Publisher:  Prentice Hall
Copyright:  2008
Format:  Cloth; 720 pp
Published:  08/01/2007


Print this content

In this section:


Description

Williamson’s Macroeconomics uses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today. The text builds macroeconomic models from a foundation of microeconomic principles. This methodology prepares students for further study in economics by allowing deeper insight into growth processes and business cycles, integrating the study of macroeconomics with microeconomics, and maintaining consistency with current methods of macroeconomic research.


Features

  • A flexible organization allows professors to easily integrate the text into their courses. The core material is covered early (Chapters 1–5 and 8–9) and the remaining chapters can be chosen to emphasize equilibrium models, economic growth, business cycles, international coverage, or advanced mathematics.
  • An expanded treatment of economic growth is motivated by a simple presentation of the Malthusian (non-growth) model, plus material on the Solow growth model and endogenous growth.
  • Frequent use of graphical analysis helps make the modeling transparent to the student, alongside descriptive and algebraic presentations.
  • Two types of real-world applications illuminate the theory and relate it to critical ideas:
  • Theory Confronts the Data boxes show how macroeconomic theory relates to real-world economic data.
  • Macroeconomics in Action boxes connect material learned in class to current research in the field and the history of economic thought.
  • A Mathematical Appendix is available for students and instructors who desire a more rigorous treatment of the material, and developing key models and results more formally using calculus and mathematical economics.
  • Working with the Data Problems guide students through using a database on the Companion Website to understand chapter material and gain a deeper knowledge of macroeconomic data and phenomena.
  • The Companion Website features a range of additional resources for students and instructors. These include a database of macroeconomic data to be used by students when completing the end-of-chapter "Working with the Data" problems, PowerPoint® slides, and glossary flashcards.


New To This Edition

  • All chapters are thoroughly revised and updated to include the latest macroeconomic data and research.
  • Theory Confronts the Data and Macroeconomics in Action features incorporate analysis of recent and important macroeconomic events and front-line economic research.
  • Chapter 5 includes a new section on A Distorting Tax on Wage Income, Tax Rate Changes, and the Laffer Curve.
  • Chapter 9 is streamlinedto make it more accessible for students.
  • Chapter 10 is updated give a more modern view of monetary policy. The chapter also includes a section on monetary policy targets and policy rules, and a discussion of the Taylor rule.
  • Chapter 11 includes a new section on the segmented markets model of business cycles.
  • Chapter 12 includes a new discussion of current empirical work on price behavior and a new section on the Keynesian sticky-price model.


Table of Contents

<>I. INTRODUCTION AND MEASUREMENT ISSUES
1. Introduction

2. Measurement: National Income Accounting, Prices, Saving, and Labor Markets

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, INVESTMENT, AND GOVERNMENT DEFICITS

8. A Two-Period Model: The Consumption Savings Decision and Credit Markets

9. A Real Intemporal Model with Investment

 

V. MONEY AND BUSINESS CYCLES

10. A Monetary Intertemporal Model: Money, Prices, and Monetary Policy

11. Market-Clearing Models of the Business Cycle

12. Keynesian Business Cycle Theory: Sticky Wages and Prices

 

VI. INTERNATIONAL MACROECONOMICS

13. International Trade in Goods and Assets

14. Money in the Open Economy

 

VII. TOPICS IN MACROECONOMICS

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



Back to top

Print this content

In this section:


Author Bios

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.

Back to top

Print this content

In this section:


Websites and Online Courses

Companion Website for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321485823  |  ISBN-13: 9780321485823
More Info

Back to top

Print this content

In this section:

Online Instructor's Manual for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321485807  |  ISBN-13: 9780321485809

Show Downloadable Files
 | More Info

Online PowerPoint, 3/E
Williamson
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321485858  |  ISBN-13: 9780321485854

Show Downloadable Files
 | More Info

Online Test Bank for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 032148584X  |  ISBN-13: 9780321485847

Show Downloadable Files
 | More Info

TestGen® Computerized Test Bank for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  On-line Supplement  |  Live
ISBN-10: 0321485866  |  ISBN-13: 9780321485861

Show Downloadable Files
 | More Info

Back to top

Companion Website for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321485823  |  ISBN-13: 9780321485823
More Info

Instructor's Resource Disk with Instructor's Manual, Computerized Test Bank and PowerPoint, 3/E
Williamson
©2008  |  Prentice Hall  |  CD-ROM Only  |  Instock
ISBN-10: 0321485815  |  ISBN-13: 9780321485816
More Info

Back to top


Websites and online courses

Companion Website for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321485823  |  ISBN-13: 9780321485823
More Info


Websites and Online Courses

Companion Website for Macroeconomics, 3/E
Williamson
©2008  |  Prentice Hall  |  Website  |  Live
ISBN-10: 0321485823  |  ISBN-13: 9780321485823
More Info

Print this content

Give your students a choice! PearsonChoices products are designed to give your students more value and flexibility by letting them choose from a variety of text and media formats to best match their learning style and their budget.

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students, see the Packages Tab.

  • Pearson Custom Business Resources
    Pearson
    ©2012  |  Prentice Hall  |  On-line Supplement  |  Live
    ISBN-10: 0136096557  |  ISBN-13: 9780136096559
    Brief Description  |  More Info


Back to top

Log in to the Instructor Resource Center

Login name: 

  Password: 

Forgot login/password?  |  Need to redeem an access code?

        

Instructor Resource Center File Download

This work is protected by local and international copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from this site should never be made available to students except by instructors using the accompanying text in their classes. All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical purposes and the needs of other instructors who rely on these materials.

Cancel     I accept, proceed with download

Print this content

Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Higher Education representative.

Back to top