Macroeconomics

by Stephen D. Williamson

Book Overview

For courses in undergraduate Macroeconomics courses. A modern approach to teaching macroeconomics Macroeconomics uses a thoroughly modern approach by building macroeconomic models from microeconomic... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0132991330
• ISBN13: 9780132991339
• Release Date: March 2013
• Publisher: Pearson Education
• Length: 700 Pages
• Weight: 2.45 lbs.
• Dimensions: 1.1" x 7.6" x 9.3"

Customer Reviews

One of the best book I have read

I really like the way the material is explained in this book. I had 2 undergraduate economics courses covering the whole book. For the models, graphs are shown for every case with detailed explanation. The assumption and critics for each models are explained as well. There are not much math equations and it is easy to read. Overall, I have learned SO much. Really happy that school has assigned this book. I wasn't really listening in the class and just read the book prepare me for the exams. I have never read any other macro book, but at least this book helps me to learn the material.

Very good intermediate macto text; in-depth and yet easy to read text

Explains all the important intermediate macro concepts in an engaging, easy to follow, yet thorough way. Good graphs. I learned much more from it and found it much more useful than the Alan J. Auerbach and Laurence J. Kotlikoff text. Good quick review questions at the end of each chapter.

Best book on the modern approach to macroeconomics

Barro had no challenger since his 1st edition came out more than 20 years ago. Someone finally came up with a better proposal. I most say that for me it is the best book on the subject at an intermediate level. Everyone shall have it.

A very good read

I agree with the other reviewer, Macroeconomics by Williamson is a very well written text. It incorporates a large variety of topics in the general framework very well. Much of what I could say would only be redundent as the other reviewer pointed out the highs for this text. The book is very appropriate for a intermediate undergraduate course.

SW's Macroeconomics is the best macro book on the market!

After reading this book no one will ever complain that macroeconomics lacks micro foundations. This book first explains the microeconomics of intertemporal goods and labor markets and goes on to create an intertemporal general equilibrium economy (with two periods for simple exposition). Then Wiliamson shows how growth theory and business cycle theories are applied in this general equilibrium economy. This is by far the most fun and understandible way to teach undergraduates about growth and business cycles at the intermediate level.Williamson also lays out "stylized facts" of the business cycle, including comovements, and he critiques different business cycle theories based on whether they can replicate those comovements in the data. This book comes closer than any other intermediate text to replicating how modern macroeconomics is done.Ch 8 which explains Solow and endogenous growth models is by far the most understandible and educational of any text on the market, since Williamson does the models in discrete time rather than continuous time. If you're a professor that wants to teach undergraduates growth theory and/or growth dynamics SO THAT THEY REALLY UNDERSTAND THEM DEEPLY and ENJOY THE LEARNING EXPERIENCE, this is the book to assign.