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Macroeconomics uses a thoroughly modern approach by building macroeconomic models from microeconomic principles. As such, it is consistent with the way that macroeconomic research is conducted today. This approach allows for deeper insights into economic growth processes and business cycles–the key topics in macroeconomics. An emphasis on microeconomic foundations better integrates the study of macroeconomics with approaches learned in microeconomics and field courses in economics. By following an approach to macroeconomics that is consistent with current macroeconomic research, you become better prepared for advanced study in economics.
Language: English
ISBN-10: 013447211X
ISBN-13: 978-0134472119
ISBN-13: 9780134472119
Author: Stephen D. Williamson
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Test Bank for Macroeconomics 6th Edition Williamson 013447211X 9780134472119
Table of content:
1. Introduction
2. Measurement
3. Business Cycle Measurement
4. Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization
5. A Closed-Economy One-Period Macroeconomic Model
6. Search and Unemployment
7. Economic Growth: Malthus and Solow
8. Income Disparity Among Countries and Endogenous Growth
9. A Two-Period Model: The Consumption–Savings Decision and Credit Markets
10. Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security
11. A Real Intertemporal Model with Investment
12. Money, Banking, Prices, and Monetary Policy
13. Business Cycle Models with Flexible Prices and Wages
14. New Keynesian Economics: Sticky Prices
15. Inflation: Phillips Curves and Neo-Fisherism
16. International Trade in Goods and Assets
17. Money in the Open Economy
18. Money, Inflation, and Banking: A Deeper Look
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