Includes bibliographical references and index.

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. Economic growth I : Capital accumulation and population growth -- Chapter 9. Economic growth II : Technology, empirics, and policy -- Part IV. Business Cycle Theory : The Economy in the Short Run -- Chapter 10. Introduction to economic fluctuations -- Chapter 11. Aggregate demand I : Building the IS-LM model -- Chapter 12. Aggregate demand II : Applying the IS-LM model -- Chapter 13. The open economy revisited : The Mundell-Fleming model and the exchange-rate regime -- Chapter 14. Aggregate supply and the short-run tradeoff between inflation and unemployment -- Part V. Topics in Macroeconomic Theory and Policy -- Chapter 15. A dynamic model of economic fluctuations -- Chapter 16. Alternative perspectives on stabilization policy -- Chapter 17. Government debt and budget deficits -- Chapter 18. The financial system : Opportunities and dangers -- Chapter 19. The microfoundations of consumption and investment -- Epilogue. What we know, what we don't -- Glossary -- Index.

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.