Introduction
About the Authors
Preface
Annotated Table of Contents
Tools for Learning
Acknowledgements
Section 1: Opening Story
Module 1: Demand
Module 2: Supply and Equilibrium
Module 3: Comparative Advantage and Trade
Business Case
Summary
Key Terms
Problems
Section 2: Opening Story
Module 4: Demand
Module 5: Supply and Equilibrium
Module 6: Changes in Equilibrium
Module 7: Price Controls and Quantity Controls
Module 8: International Trade
Business Case
Summary
Key Terms
Problems
Section 3: Opening Story
Module 9: Introduction to Macroeconomics
Module 10: The Circular-Flow Diagram and the National Accounts
Module 11: Gross Domestic Product (GDP)
Module 12: Interpreting Real Gross Domestic Product
Business Case
Summary
Key Terms
Problems
Section 4: Opening Story
Module 13: Defining Unemployment
Module 14: Categories of Unemployment
Module 15: The Costs of Inflation
Module 16: Measuring Inflation
Business Case
Summary
Key Terms
Problems
Section 5: Opening Story
Module 17: Sources of Long-Run Economic Growth
Module 18: Productivity and Growth
Module 19: Long-Run Growth Policy
Business Case
Summary
Key Terms
Problems
Section 6: Opening Story
Module 20: Savings and Investment Spending
Module 21: The Market for Loanable Funds
Module 22: The Time Value of Money
Module 23: The Financial System
Summary
Key Terms
Problems
Section 7: Opening Story
Module 24: The Multiplier
Module 25: Consumption and Investment Spending
Module 26: The Income–Expenditure Model
Business Case
Summary
Key Terms
Problems
Section 8: Opening Story
Module 27: Aggregate Demand
Module 28: Aggregate Supply
Module 29: The AD–AS Model
Business Case
Summary
Key Terms
Problems
Section 9: Opening Story
Module 30: Fiscal Policy Basics
Module 31: Fiscal Policy and the Multiplier
Module 32: Budget Deficits and Public Debt
Business Case
Summary
Key Terms
Problems
Section 10: Opening Story
Module 33: Defining and Measuring Money
Module 34: Banking and Money Creation
Module 35: The Federal Reserve System
Business Case
Summary
Key Terms
Problems
Section 11: Opening Story
Module 36: The Federal Reserve and Monetary Policy
Module 37: The Money Market
Module 38: Monetary Policy and the Interest Rate
Module 39: Money, Output, and Prices in the Long Run
Business Case
Summary
Key Terms
Problems
Section 12: Opening Story
Module 40: Inflation, Disinflation, and Deflation
Module 41: The Phillips Curve
Module 42: Crises and Consequences
Business Case
Summary
Key Terms
Problems
Section 13: Opening Story
Module 43: Capital Flows and the Balance of Payments
Module 44: The Foreign Exchange Market
Module 45: Exchange Rate Policy
Module 46: Exchange Rates and Macroeconomic Policy
Business Case
Summary
Key Terms
Problems
Section 14: Opening Story
Module 47: History and Alternative Views of Macroeconomics
Module 48: The Modern Macroeconomic Consensus
Summary
Key Terms
Problems
APPENDIX A
APPENDIX B