Economics

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.

• 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.

• 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.
  

<>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

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.

Companion Website for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Website | Instock
ISBN-10: 0321485823 | ISBN-13: 9780321485823
URL:  http://www.aw-bc.com/williamson

Professional Copy for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Cloth; 704 pp | Instock
ISBN-10: 0321485874 | ISBN-13: 9780321485878

Companion Website for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Website | Instock
ISBN-10: 0321485823 | ISBN-13: 9780321485823
URL:  http://www.aw-bc.com/williamson

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

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

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

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

Companion Website for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Website | Instock
ISBN-10: 0321485823 | ISBN-13: 9780321485823
URL:  http://www.aw-bc.com/williamson

Study Guide for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Paper; 134 pp | Instock
ISBN-10: 0321485793 | ISBN-13: 9780321485793
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For Intermediate Macroeconomics

Prentice Hall Guide to Economist.com
Economist.com
©2002 | Prentice Hall | Paper | Instock
ISBN-10: 0130668346 | ISBN-13: 9780130668349

Companion Website for Macroeconomics, 3/E
Williamson
©2008 | Prentice Hall | Website | Instock
ISBN-10: 0321485823 | ISBN-13: 9780321485823
URL:  http://www.aw-bc.com/williamson

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