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Title: Macroeconomics by Stephen D. Williamson, Stephen Williamson ISBN: 0-201-71046-3 Publisher: Pearson Addison Wesley Pub. Date: 12 October, 2001 Format: Hardcover Volumes: 1 List Price(USD): $123.00 |
Average Customer Rating: 5 (2 reviews)
Rating: 5
Summary: A very good read
Comment: 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.
Rating: 5
Summary: SW's Macroeconomics is the best macro book on the market!
Comment: 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.
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Title: Introduction to Economic Growth (Second Edition) by Charles I. Jones ISBN: 0393977455 Publisher: W.W. Norton & Company Pub. Date: February, 2002 List Price(USD): $52.55 |
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Title: International Economics: Theory and Policy (6th Edition) by Paul R. Krugman, Maurice Obstfeld ISBN: 0201770377 Publisher: Pearson Addison Wesley Pub. Date: 26 July, 2002 List Price(USD): $121.67 |
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Title: Advanced Macroeconomics by David Romer ISBN: 0072318554 Publisher: McGraw-Hill/Irwin Pub. Date: 20 December, 2000 List Price(USD): $73.15 |
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Title: Elements of Forecasting by Francis Diebold, Dennis Hanseman, Lisa Lysne, Tamborah Moore, Keri Witman ISBN: 0324023936 Publisher: South-Western College Pub Pub. Date: 10 August, 2000 List Price(USD): $111.95 |
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Title: Systems Analysis and Design : An Object-Oriented Approach with UML by Alan Dennis, Barbara Haley Wixom, David Tegarden ISBN: 0471413879 Publisher: Wiley Text Books Pub. Date: 28 December, 2001 List Price(USD): $110.95 |
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