Macroeconomics

Macroeconomics

For courses in undergraduate Macroeconomics courses. A modern approach to teaching macroeconomics    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....

Descripción completa

Detalles Bibliográficos
Otros Autores: Williamson, Stephen D., author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Harlow, England : Pearson 2018.
Edición:Sixth edition, Global edition
Colección:Pearson series in economics.
Materias:
Macroeconomics > Textbooks.
Libros electrónicos.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009670138806719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright Page
  • The Pearson Series in Economics
  • Contents
  • Preface
  • PART I Introduction and Measurement Issues
  • Chapter 1 Introduction
  • What Is Macroeconomics?
  • Gross Domestic Product, Economic Growth, and Business Cycles
  • Macroeconomic Models
  • Microeconomic Principles
  • Disagreement in Macroeconomics
  • What Do We Learn from Macroeconomic Analysis?
  • Understanding Recent and Current Macroeconomic Events
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 2 Measurement
  • Measuring GDP: The National Income and Product Accounts
  • The Components of Aggregate Expenditure
  • Nominal and Real GDP and Price Indices
  • Problems with Measuring Real GDP and the Price Level
  • Macroeconomics in Action: Comparing Real GDP Across Countries and the Penn Effect
  • Macroeconomics in Action: House Prices and GDP Measurement
  • Savings, Wealth, and Capital
  • Labor Market Measurement
  • Macroeconomics in Action: Alternative Measures of the Unemployment Rate
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 3 Business Cycle Measurement
  • Regularities in GDP Fluctuations
  • Comovement
  • Macroeconomics in Action: Economic Forecasting and the Financial Crisis
  • The Components of GDP
  • The Price Level and Inflation
  • Labor Market Variables
  • Macroeconomics in Action: Jobless Recoveries
  • Seasonal Adjustment
  • Macroeconomics in Action: The Great Moderation and the 2008-2009 Recession
  • Comovement Summary
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • PART II Basic Macroeconomic Models: A One-Period Model and Models of Search and Unemployment
  • Chapter 4 Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization
  • The Representative Consumer.
  • Macroeconomics in Action: How Elastic Is Labor Supply?
  • The Representative Firm
  • Macroeconomics in Action: Henry Ford and Total Factor Productivity
  • Theory Confronts the Data: Total Factor Productivity and the U.S. Aggregate Production Function
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 5 A Closed-Economy One-Period Macroeconomic Model
  • Government
  • Competitive Equilibrium
  • Optimality
  • Working with the Model: The Effects of a Change in Government Purchases
  • Working with the Model: A Change in Total Factor Productivity
  • Theory Confronts the Data: Government Spending in World War II
  • Theory Confronts the Data: Total Factor Productivity and Real GDP
  • Macroeconomics in Action: Government Expenditures and the American Recovery and Reinvestment Act of 2009
  • A Distorting Tax on Wage Income, Tax Rate Changes, and the Laffer Curve
  • A Model of Public Goods: How Large Should the Government Be?
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 6 Search and Unemployment
  • Labor Market Facts
  • Macroeconomics in Action: Unemployment and Employment in the United States and Europe
  • A One-Sided Search Model of Unemployment
  • A Two-Sided Model of Search and Unemployment
  • Working with the Two-Sided Search Model
  • Macroeconomics in Action: Unemployment Insurance and Incentives
  • Theory Confronts the Data: Productivity, Unemployment, and Real GDP in the United States and Canada: The 2008-2009 Recession
  • Macroeconomics in Action: The Natural Rate of Unemployment and the 2008-2009 Recession
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • PART III Economic Growth
  • Chapter 7 Economic Growth: Malthus and Solow
  • Economic Growth Facts
  • The Malthusian Model of Economic Growth.
  • The Solow Model: Exogenous Growth
  • Theory Confronts the Data: The Solow Growth Model, Investment Rates, and Population Growth
  • Macroeconomics in Action: Resource Misallocation and Total Factor Productivity
  • Macroeconomics in Action: Recent Trends in Economic Growth in the United States
  • Growth Accounting
  • Macroeconomics in Action: Development Accounting
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 8 Income Disparity Among Countries and Endogenous Growth
  • Convergence
  • Theory Confronts the Data: Is Income Per Worker Converging in the World?
  • Macroeconomics in Action: Measuring Economic Welfare: Per Capita Income, Income Distribution, Leisure, and Longevity
  • Endogenous Growth: A Model of Human Capital Accumulation
  • Macroeconomics in Action: Education and Growth
  • Chapter Summary
  • Key Terms
  • Questions For Review
  • Problems
  • Working with the Data
  • PART IV Savings, Investment, and Government Deficits
  • Chapter 9 A Two-Period Model: The Consumption-Savings Decision and Credit Markets
  • A Two-Period Model of the Economy
  • Theory Confronts the Data: Consumption Smoothing and the Stock Market
  • The Ricardian Equivalence Theorem
  • Macroeconomics in Action: Default on Government Debt
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 10 Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security
  • Credit Market Imperfections and Consumption
  • Credit Market Imperfections, Asymmetric Information, and the Financial Crisis
  • Theory Confronts the Data: Asymmetric Information and Interest Rate Spreads
  • Credit Market Imperfections, Limited Commitment, and the Financial Crisis
  • Social Security Programs
  • Theory Confronts the Data: The Housing Market, Collateral, and Consumption.
  • Macroeconomics in Action: Social Security and Incentives
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 11 A Real Intertemporal Model with Investment
  • The Representative Consumer
  • The Representative Firm
  • Theory Confronts the Data: Investment and the Interest Rate Spread
  • Government
  • Competitive Equilibrium
  • The Equilibrium Effects of a Temporary Increase in G: Stimulus, the Multiplier, and Crowding Out
  • The Equilibrium Effects of a Decrease in the Current Capital Stock K
  • Theory Confronts the Data: Government Expenditure Multipliers in the Recovery from the 2008-2009 Recession
  • The Equilibrium Effects of an Increase in Current Total Factor Productivity z
  • The Equilibrium Effects of an Increase in Future Total Factor Productivity, News About the Future and Aggregate Economic Activity
  • Theory Confronts the Data: News, the Stock Market, and Investment Expenditures
  • Credit Market Frictions and the Financial Crisis
  • Sectoral Shocks and Labor Market Mismatch
  • Theory Confronts the Data: The Behavior of Real GDP, Employment, and Labor Productivity in the 1981-1982 and 2008-2009 Recessions
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • PART V Money and Business Cycles
  • Chapter 12 Money, Banking, Prices, and Monetary Policy
  • What Is Money?
  • A Monetary Intertemporal Model
  • A Level Increase in the Money Supply and Monetary Neutrality
  • Shifts in Money Demand
  • Theory Confronts the Data: Instability in the Money Demand Function
  • Conventional Monetary Policy, the Liquidity Trap, and Unconventional Monetary Policy
  • Macroeconomics in Action: Quantitative Easing in the United States
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data.
  • Chapter 13 Business Cycle Models with Flexible Prices and Wages
  • The Real Business Cycle Model
  • A Keynesian Coordination Failure Model
  • Macroeconomics in Action: Business Cycle Models and the Great Depression
  • Macroeconomics in Action: Uncertainty and Business Cycles
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 14 New Keynesian Economics: Sticky Prices
  • The New Keynesian Model
  • The Nonneutrality of Money in the New Keynesian Model
  • The Role of Government Policy in the New Keynesian Model
  • Macroeconomics in Action: The Timing of the Effects of Fiscal and Monetary Policy
  • The Liquidity Trap and Sticky Prices
  • Macroeconomics in Action: New Keynesian Models, the Zero Lower Bound, and Quantitative Easing
  • Criticisms of Keynesian Models
  • Macroeconomics in Action: How Sticky Are Nominal Prices?
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 15 Inflation: Phillips Curves and Neo-Fisherism
  • Introduction
  • Inflation in a Basic New Keynesian Model
  • Theory Confronts the Data: The Phillips Curve
  • Macroeconomics in Action: Forward Guidance in the United States after 2008
  • Neo-Fisherism, and a New Keynesian Rational Expectations (NKRE) Model
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • PART VI International Macroeconomics
  • Chapter 16 International Trade in Goods and Assets
  • A Two-Period Small Open-Economy Model: The Current Account
  • Theory Confronts the Data: Is a Current Account Deficit a Bad Thing?
  • Theory Confronts the Data: Greece and Sovereign Default
  • Production, Investment, and the Current Account
  • Chapter Summary
  • Key Terms
  • Questions for Review
  • Problems
  • Working with the Data
  • Chapter 17 Money in the Open Economy.
  • The Nominal Exchange Rate, the Real Exchange Rate, and Purchasing Power Parity.

Ejemplares similares