Macroeconomics, Sixth Canadian Edition, 6th edition

  • Stephen D. Williamson

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Macroeconomics, Sixth Canadian Edition follows a modern approach to macroeconomics by building macroeconomic models from microeconomic principles. As such, it is consistent with the way that macroeconomic research is conducted today.

This approach has three advantages. First, it allows deeper insights into economic growth processes and business cycles, the key topics in macroeconomics. Second, an emphasis on microeconomic foundations better integrates the study of macroeconomics with approaches that students learn in microeconomics courses and in economics field courses. Learning in macroeconomics and microeconomics thus becomes mutually reinforcing, and students learn more. Third, in following an approach to macroeconomics that is consistent with current macroeconomic research, students will be better prepared for advanced study in economics.

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Table of contents

Part 1 Introduction and Measurement Issues
Chapter 1 Introduction
Chapter 2 Measurement
Chapter 3 Business Cycle Measurement 

Part 2 Basic Macroeconomic Models: A One-Period Model, and Models of Search and Unemployment 
Chapter 4 Consumer and Firm Behaviour: The Work-Leisure Decision and Profit Maximization
Chapter 5 A Closed-Economy One-Period Macroeconomic Model
Chapter 6 Search and Unemployment

Part 3 Economic Growth
Chapter 7 Economic Growth: Malthus and Solow
Chapter 8 Income Disparity Among Countries and Endogenous Growth 

Part 4 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 5 Money and Business Cycles
Chapter 12 A Monetary Intertemporal Model: Money, Banking, Prices, and Monetary Policy 
Chapter 13 Business Cycles
Chapter 14 Inflation: Phillips Curves and Neo-Fisherism

Part 6 International Macroeconomics 
Chapter 15 International Trade in Goods and Assets
Chapter 16 Money in the Open Economy 

Part 7 Money, Inflation, and Banking
Chapter 17 Money and Inflation: A Deeper Look
Chapter 18 Financial Intermediation and Banking

Published by Pearson Canada (January 2nd 2020) - Copyright © 2021