Macroeconomics, 6th edition

Published by Pearson (July 14, 2021) © 2018

  • Stephen D. Williamson Western University

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ISBN-13: 9780137538201 (2021 update)
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Mirroring how macroeconomic research is conducted today, Macroeconomics, builds macro models from microeconomic principles. This approach allows for deeper insights into economic growth processes and business cycles and better prepares you for advanced study in economics.

Table of Contents

Part 1: Introduction and Measurement Issues

  1. Introduction
  2. Measurement
  3. Business Cycle Measurement

Part 2: Basic Macroeconomic Models: A One-Period Model and Models of Search and Unemployment

  1. Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization
  2. A Closed-Economy One-Period Macroeconomic Model
  3. Search and Unemployment

Part 3: Economic Growth

  1. Economic Growth: Malthus and Solow
  2. Income Disparity Among Countries and Endogenous Growth

Part 4: Savings, Investment, and Government

  1. A Two-Period Model: The Consumption–Savings Decision and Credit Markets
  2. Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security
  3. A Real Intertemporal Model with Investment

Part 5: Money and Business Cycles

  1. Money, Banking, Prices, and Monetary Policy
  2. Business Cycle Models with Flexible Prices and Wages
  3. New Keynesian Economics: Sticky Prices
  4. Inflation: Phillips Curves and Neo-Fisherism

Part 6: International Macroeconomics

  1. International Trade in Goods and Assets
  2. Money in the Open Economy

Part 7: Money, Inflation, and Banking

  1. Money, Inflation, and Banking: A Deeper Look

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