Table of Contents

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 Thoroughly revised! 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.

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