Macroeconomics

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 Cycl