Introduction
1. The science of macroeconomics
2. The data of macroeconomics
Classical theory: the economy in the longrun
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
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 public policy
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 trade-off between inflation and unemployment
Macroeconomic policy debates
15. Stabilisation policy
16. Government debt
17. Common currency areas and European economic and monetary union
More on the microeconomics behind macroeconomics
18. Consumption
19. Investment
20. The financial system: opportunities and dangers