Macroeconomics

by Stephen D. Williamson

Williamson’s Macroeconomics uses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today. Introduction and Measurement Introduction; National Income Accounting, Prices, Saving, and Labor Markets; Business Cycle Measurement. A One-Period Model of the Consumer and Firm The Work-Leisure Decision and Profit Maximization; A Closed-Economy One-Period Macroeconomic Model. Economic Economic Malthus and Solow; Income Disparity Among Countries and Endogenous Growth. Savings, Investment, and Government A Two-Period The Consumption Savings Decision and Credit Markets; A Real Intemporal Model with Investment. Money and Business A Monetary Intertemporal Money, Prices, and Monetary Policy; Market-Clearing Models of the Business Cycl

Genres: Economics, Textbooks, Business, Nonfiction

720 pages, Hardcover

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