Macroeconomics (5th Edition) by Williamson Stephen D. (2013-03-10) Paperback

by Stephen D. Williamson

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of the real vs. nominal distinction,the role of the interest rate in linking the real economy to the financial sector,how that linkage allows monetary policy to operate,and the role of the trade deficit. The fourth edition expands the chapter on financial intermediaries and markets - one that is popular with students,introduces indexed bonds into the discussion of interest rates,adds charts putting the recent bull market in historical context,and the chapter on the federal budget is completely revamped to reflect the emergence of a surplus. Additional exercises help reinforce concepts.

Genres: Economics, Textbooks, Business, Nonfiction

Unknown Binding

First published October 1, 2001

Reviews

[Patrick Lu 嘉泺 · Rating 5 out of 5]

Stephen's Macroeconomics is a better alternative to Mankiv's in its method of relating and examining different macroeconomics topics in a modern curriculum. The book requires readers to think on a level of abstraction higher than most undergrad econ textbooks, and many models later in the book are simply modifications or alternative versions of each other where "imperfections are introduced".

The book could improve by taking stylized facts to instruct by case studies, rather than writing about them in description boxes like Varian's Intermediate Mirco. Though most of the maths are high school algebra, do expect professors to come up with Lagrangean optimization problems if you're taking this in uni, thanks to its mathematical appendix.

[KM Seyam · Rating 1 out of 5]

Firstly, it is one of the most non-intuitive I've read on Macroeconomics. If I rate simply on the basis on intuitiveness, I would rate it below 1/10, whereas Mankiw's version would get a 9/10 score. Facts are simply stated without any explanation, graphs have almost non-existent descriptions, overall it's been a real slog trying to read any and all chapters.

[dj · Rating 5 out of 5]

Up to date, great examples, easy to read. Sometimes really strong views on specific macro theory, i.e. ISLM-model.

[Shibajee Samaddar · Rating 4 out of 5]

The chapters on RBC & New Keynesian theories are excellent & must be read

[probably · Rating 2 out of 5]

I guess it is because of the confusing nature of the subject matter per se that makes this a very confusing book. I still do not understand macroeconomics AT ALL. Not even a goddamn bit..

[Kimia · Rating 2 out of 5]

I'd pick micro over macro anyday.

[Mugarura Katuufu]

A little technical though with current and relevant examples

[Matthias · Rating 5 out of 5]

Solid modern textbook on Macroeconomics.

[Wendelle]

even as a relatively dimwitted fella i can't help but detect a conservative (small-government) bent from this book and its solutions manual