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Macroeconomics (4th Edition) 4th Edition
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Top Customer Reviews
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.
I feel the text added to the understanding of the course, generally the text was clear and the numerous graphs added greatly to the understanding of the material. I could not see a bias to the text and it's material as some other reviews have stated, it seemed to hit Keynesian, Monetarism, and others. Generally there is far more material in the book than can be covered in a single course. The 4th edition at this point (mid 2011) is very up to date with examples and details from the real world.
This book was used as one of a few for Applied Macroeconomic Theory. Almost all of my fellow students admit this is really a bad choice, even an indicator that the teaching professor might not care for his/her students.
The author gives a lot of half-baked explanations and failed to present the conclusive and clear main points, let alone convey their underlying logic/insights. This is a textbook, not a newspaper article nor an economic debate.
It was highly reviewed by others since they are professors, who know all the economic assumptions and mechanism (admittedly,they are unrealistic and oversimplified) and like to claim that Macroeconomics is well grounded in Microeconomics, i.e. there is now BS. What a beautiful idea! But, alas, the author failed short miles before reaching any priorities of a meaningful textbook:
1. Well explained (for Econ, clear graph, good examples, numbers/data, equations,..)
2. What topics are agreeable/controversial among scholars/practitioners/professionals/theorists/researchers, past and now. Evidence?
3. Where are we going from here? What are left unsolved/uncleared/unknown?
4. How to apply (and build upon) those to your professional, learning, even everyday life.
I wonder why not Mankiw's and tons of other better choices out there?
Most Recent Customer Reviews
Everything that makes macroeconomics completely bogus is in this book. "Government debt is different because we owe it to ourselves. Read morePublished 8 months ago by Ethan Roberts
Very similar to the 5th edition...i used this for class an aced all my testsPublished 18 months ago by Tyler
exactly what I need. The book is a lot in math language but the graphs help. If it is what you need it worksPublished 23 months ago by Mark
This is really fits the category of an economics text book. Dry and dull. Had to purchase it for class and am now glad I don't need it anymore.Published on November 4, 2013 by Rami Betts
it is really good for me to learn some macroeconomics .It is my text book,it explain things very well.And it is a good book to learn by youselfPublished on October 14, 2013 by xinzhe zhang
I would recommend this product to any student attempting to Macroeconomics. I liked it because it does a good job of making difficult concepts such as IS-LM curves understandable. Read morePublished on October 3, 2013 by Eric Longabaugh
I really like the topic of macroeconomics and I was looking forward to reading this textbook for class. Read morePublished on February 20, 2013 by Shanna