Macroeconomics or A Practical Guide to Estate Planning and Administration

Macroeconomics

Author: Stephen D Williamson

This text strives to make macroeconomics come alive for today's students planning to major in business or economics. The content reflects the news-stream from financial markets,Fed monetary policy,and budget debates. Key concepts are stressed and reinforced as the story of unfolds: the real vs. nominal distinction,the role of the interest rate in linking the real economy to the financial sector,how that linkage allows monetary policy to operate,and the role of the trade deficit. The fourth edition expands the chapter on financial intermediaries and markets - one that is popular with students,introduces indexed bonds into the discussion of interest rates,adds charts putting the recent bull market in historical context,and the chapter on the federal budget is completely revamped to reflect the emergence of a surplus. Additional exercises help reinforce concepts.

Table of Contents:

I. INTRODUCTION AND MEASUREMENT ISSUES.

 1. Introduction.
 2. Measurement.
 3. Business Cycle Measurement.

II. A ONE-PERIOD MODEL OF THE MACROECONOMY.

 4. Consumer and Firm Behavior: The Work-Leisure Decision and Profit Maximization.
 5. A Closed-Economy One-Period Macroeconomic Model.

III. ECONOMIC GROWTH.

 6. Economic Growth: Malthus and Solow.
 7. Income Disparity Among Countries and Endogenous Growth.

IV. SAVINGS, GOVERNMENT DEFICITS, AND INVESTMENT.

 8. A Two-Period Model: The Consumption Savings Decision and Ricardian Equivalence.
 9. A Real Intemporal Model with Investment.

V. MONEY AND BUSINESS CYCLES.

10. A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand.
11. Market-Clearing Models of the Business Cycle.
12. Keynesian Business Cycle Theory: The Sticky Wage Model.

VI. INTERNATIONAL ECONOMICS.

13. International Trade in Goods and Assets.
14. Money in the Open Economy.

VII. MONEY, BANKING, UNEMPLOYMENT, AND INFLATION.

15. Money, Inflation, and Banking.
16. Unemployment: Search and Efficiency Wages.
17. Inflation, the Phillips Curve, and Central Bank Commitment.

Mathematical Appendix.

Read also At the South East Asian Table or Rush Hour Recipes

A Practical Guide to Estate Planning and Administration

Author: Michael J Gau

This publication takes a highly practical approach to teaching estate planning and administration by presenting the process from start to finish as it applies to three fictional families with various planning needs. The material is presented logically and allows readers to test their knowledge after each chapter and in a cumulative manner. It places emphasis on the practical concerns of drafting estate planning documents, and it provides numerous examples of such documents for the reader to review and relate to the fictional families' situations. Not only does it present the step-by-step process of traditional estate administration, it offers some alternatives to full administration. Sample documents, case briefs, discussions of ethical issues, and recommended Web sites for further study round out this valuable learning tool and desk reference.