Table of Contents

Introduction. 1. What is Macroeconomics?

2. The Language of Macroeconomics: The National Income Accounts.

Economic Growth and the Supply side.

3. The Wealth of Nations - the Supply Side.

4. Capital Accumulation and Economic Growth.

5. Total Factor Productivity, Human Capital, and Technology.

6. Endogenous Growth and Convergence.

7. Unemployment and the Labor Market.

8. International Trade.

9. Globalization.

Money and Taxes.

10. Fiscal Policy and the Role of Government.

11. Money and Prices.

Business Cycles and Economic Policy.

12. Consumption.

13. Investment.

14. Business Cycles.

15. Monetary Policy.

16. Stabilization Policy.

Asset Markets and Financial Sector.

17. Equity Markets.

18. The Bond Market.

Exchange Rates and Global Capital Markets.

19. Exchange Rate Determination I - The Real Exchange Rate.

20. Exchange Rate Determinatin II - Nomial Exchange Rates and Asset Markets.

21. Currency Crises and Exchange Rate Systems.