Williamson’s Macroeconomics uses a thoroughly modern approach that is consistent with the way that macroeconomic research is conducted today.
Introduction; Measurement; Business Cycle Measurement; Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization; A Closed-Economy One-Period Macroeconomic Model; Economic Growth: Malthus and Solow; Income Disparity Among Countries and Endogenous Growth; A Two-Period Model: The Consumption–Savings Decision and Credit Markets; Credit Market Imperfections: Credit Frictions, Financial Crises, and Social Security; A Real Intertemporal Model with Investment; Money, Banking, Prices, and Monetary Policy; Market-Clearing Models of the Business Cycle; New Keynesian Economics: Sticky Prices; International Trade in Goods and Assets; Money in the Open Economy; Money, Inflation, and Banking; Unemployment: Search and Efficiency Wages; Inflation, the Phillips Curve, and Central Bank Commitment
For all readers interested in understanding macroeconomics.
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In today’s global recession, strong management of firms and organizations are of the utmost importance. Best-selling Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Bringing economic theory and strategic analysis to life in an engaging and uniquely modern way, Besanko et al. have collaborated for over 15 years to build an introductory business course that combines basic concepts from economic theory of the firm and industrial organization with ideas from modern strategy literature. The newly revised 5th edition offers more real-world applications to make materials studied in undergraduate Managerial Economics, Business Strategy, and Industrial Organization courses relevant. Armed with general principles, today’s students-tomorrow’s future managers-will be prepared to adjust their firms’ business strategies to the demands of the ever-changing environment.
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