Macroeconomics is the study of the fluctuations in the cycles of income and economic growth, unemployment, production and income distribution, inflation, and financial markets. Simply put, it is the study of aggregate supply and demand.

Includes glossary.

Part I:Introduction -- 1. The Science of Macroeconomics -- 2. The Data of Macroeconomics -- Part II: Classical Theory: The Economy in the Long Run -- 3. National Income: Where It Comes From and Where It Goes -- 4. The Monetary System: What It Is and How It Works -- 5. Inflation: Its Causes, Effects, and Social Costs -- 6. The Open Economy -- 7. Unemployment and the Labor Market -- Part III: Growth Theory: The Economy in the Very Long Run -- 8. Economic Growth I: Capital Accumulation and Population Growth -- 9. Economic Growth II: Technology, Empirics, and Policy -- Part IV: Business Cycle Theory: The Economy in the Short Run -- 10. Introduction to Economic Fluctuations -- 11. Aggregate Demand I: Building the IS-LM Model -- 12. Aggregate Demand II: Applying the IS-LM Model -- 13. The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime -- 14. Aggregate Supply and the Short-run Tradeoff Between Inflation and Unemployment -- Part V: Topics in Macroeconomic Theory -- 15. A Dynamic Model of Economic Fluctuations -- 16. Understanding Consumer Behavior -- 17. The Theory of Investment -- Part VI: Topics in Macroeconomic Policy -- 18. Alternative Perspectives on Stabilization Policy -- 19. Government Debt and Budget Deficits -- 20. The Financial System: Opportunities and Dangers -- Epilogue: What We Know, What We Don't.