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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.
There are some interesting call-out boxes that give you a break from the tedious graph descriptions and confusing equation formations that I have enjoyed. The author brings up several real-world examples for economic problems and I found those fascinating enough to keep me plugging through a mind-numbing read. Also, it's all the exact same color. I don't expect lively pictures in a macroecon textbook, but it feels like my soul is shriveling up after a few chapters of the same hideously-colored graphs. If you're planning on writing a macroeconomics textbook-- I beg of you! Please vary your color scheme!
As with most college textbooks, the end-of-chapter resources are not super helpful, because there is no answer key. So you can try to test yourself, but you won't know if you're on the right track. Read through the chapters thoroughly, highlighting the important parts. It makes it so much easier to study/skim later, since the majority of the text is seemingly wordy fluff.
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 15 months ago by Ethan Roberts
Very similar to the 5th edition...i used this for class an aced all my testsPublished on July 26, 2014 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 on February 18, 2014 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