Macroeconomics, 4th Edition

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9780132088459: Macroeconomics, 4th Edition

Williamson’s Macroeconomics uses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today.


 Introduction and Measurement Issues: Introduction; Measurement: National Income Accounting, Prices, Saving, and Labor Markets; Business Cycle Measurement. A One-Period Model of the Macroeconomy: Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization; A Closed-Economy One-Period Macroeconomic Model. Economic Growth: Economic Growth: Malthus and Solow; Income Disparity Among Countries and Endogenous Growth. Savings, Investment, and Government Deficits: A Two-Period Model: The Consumption Savings Decision and Credit Markets; A Real Intemporal Model with Investment. Money and Business Cycles: A Monetary Intertemporal Model: Money, Prices, and Monetary Policy; Market-Clearing Models of the Business Cycle; Keynesian Business Cycle Theory: Sticky Wages and Prices. International Macroeconomics: International Trade in Goods and Assets; Money in the Open Economy. Topics in Macroeconomics: Money, Inflation, and Banking; Unemployment: Search and Efficiency Wages; Inflation, the Phillips Curve, and Central Bank Commitment. Mathematical Appendix.


For all readers interested in macroeconomics.

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About 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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