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The Williamson text provides a modern approach to macroeconomics in which core economic theory is explained with a focus on the micro foundations of macroeconomic theory. Williamson uses the fundamental concepts learned in microeconomics to understand macroeconomics. KEY TOPICS: Introduction; Measurement; Business Cycle Measurement; Consumer and Firm Behaviour: The Work-Leisure Decision and Profit Maximization; A Closed-Economy One-Period Macroeconomic Model; Search and Unemployment; Economic Growth: Malthus and Solow; Income Disparity Among Countries and Endogenous Growth; A Two-Period Model: The Consumption-Savings Decision and Credit Markets; Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security; A Real Intertemporal Model with Investment; Money, Banking, Prices, and Monetary Policy; Business Cycle Models with Flexible Prices and Wages; New Keynesian Economics: Sticky Prices; Inflation: Phillips Curves and Neo-Fisherism; International Trade in Goods and Assets; Money in the Open Economy; Money, Inflation, and Banking MARKET: Appropriate for intermediate macroeconomics courses.

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The Williamson text provides a modern approach to macroeconomics in which core economic theory is explained with a focus on the micro foundations of macroeconomic theory.

Remarkable Characteristics and Detailed Information

• ISBN-10: 133847144

• ISBN-13: 9780133847147

• Authors: Stephen D. Williamson

• Publisher:

• Publication Day: 2017-01-03

• MSRP:

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