Preface

Part I Introduction

Chapter 1 The Science of Macroeconomics

Chapter 2 The Data of Macroeconomics

Part II Classical Theory: The Economy in the Long Run

Chapter 3 National Income: How It Is Earned

Chapter 4 National Income: How It Is Spent

Chapter 5 A First Look at the Monetary System

Chapter 6 Inflation: Its Causes, Effects, and Social Costs

Chapter 7 The Open Economy

Chapter 8 Unemployment and the Labor Market

Part III Growth Theory: The Economy in the Very Long Run

Chapter 9 Capital Accumulation as a Source of Growth

Chapter 10 Population Growth and Technological Progress

Chapter 11 Growth Empirics and Policy

Part IV Business Cycle Theory: The Economy in the Short Run

Chapter 12 Introduction to Economic Fluctuations

Chapter 13 Aggregate Demand I: Building the IS?LM Model

Chapter 14 Aggregate Demand II: Applying the IS?LM Model

Chapter 15 The Open Economy Revisited: The Mundell?Fleming Model and the Exchange-Rate Regime

Chapter 16 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Part V Topics in Macroeconomic Theory and Policy

Chapter 17 A Dynamic Model of Economic Fluctuations

Chapter 18 Alternative Perspectives on Stabilization Policy

Chapter 19 Government Debt and Budget Deficits

Chapter 20 Banking and Monetary Policy

Chapter 21 The Financial System: Opportunities and Dangers

Chapter 22 The Microfoundations of Consumption and Investment

Epilogue What We Know, What We Don’t