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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: Where It Comes From and Where It Goes
Chapter 4 The Monetary System: What It Is and How It Works
Chapter 5 Inflation: Its Causes, Effects, and Social Costs
Chapter 6 The Open Economy
Chapter 7 Unemployment and the Labor Market

Part III Growth Theory: The Economy in the Very Long Run
Chapter 8 Capital Accumulation as a Source of Growth
Chapter 9 Population Growth and Technological Progress
Chapter 10 Growth Empirics and Policy

Part IV Business Cycle Theory: The Economy in the Short Run
Chapter 11 Introduction to Economic Fluctuations
Chapter 12 Aggregate Demand I: Building the IS–LM Model
Chapter 13 Aggregate Demand II: Applying the IS–LM Model
Chapter 14 The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime
Chapter 15 Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment

Part V Topics in Macroeconomic Theory and Policy
Chapter 16 A Dynamic Model of Economic Fluctuations
Chapter 17 Alternative Perspectives on Stabilization Policy
Chapter 18 Government Debt and Budget Deficits
Chapter 19 The Financial System: Opportunities and Dangers
Chapter 20 The Microfoundations of Consumption and Investment

Epilogue What We Know, What We Don’t

Glossary
Index