Macroeconomics, 5th Edition

For undergraduate Macroeconomics courses.
A modern approach to macroeconomics.

Williamson’s Macroeconomics uses a thoroughly modern approach by showing students how to build macro economic models from micro economic principles. This approach helps to make the text consistent with the way macroeconomic research is conducted today.

Table of Contents

PART I: Introduction and Measurement Issues
Chapter 1 Introduction
Chapter 2 Measurement
Chapter 3 Business Cycle Measurement

PART II: A One-Period Model of the Macroeconomy
Chapter 4 Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization
Chapter 5 A Closed-Economy One-Period Macroeconomic Model
Chapter 6 Search and Unemployment

PART III: Economic Growth
Chapter 7 Economic Growth: Malthus and Solow
Chapter 8 Income Disparity Among Countries and Endogenous Growth

PART IV: Savings, Investment, and Government Deficits
Chapter 9 A Two-Period Model: The Consumption–Savings Decision and Credit Markets
Chapter 10 Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security
Chapter 11 A Real Intertemporal Model with Investment

PART V: Money and Business Cycles
Chapter 12 Money, Banking, Prices, and Monetary Policy
Chapter 13 Business Cycle Models with Flexible Prices and Wages
Chapter 14 New Keynesian Economics: Sticky Prices

PART VI: International Macroeconomics
Chapter 15 International Trade in Goods and Assets
Chapter 16 Money in the Open Economy

PART VII: Money, Banking, and Inflation
Chapter 17 Money, Inflation, and Banking
Chapter 18 Inflation, the Phillips Curve, and Central Bank Commitment

Appendix: Mathematical Appendix