Table of Contents

1. The Science of Macroeconomics.- 2. The Data of Macroeconomics.- 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.- 8. Economic Growth I: Capital Accumulation and Population Growth.- 9. Economic Growth II: Technology, Empirics, and Policy.- 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.- 15. Stabilization Policy.- 16. Government Debt.- 17. Common Currency Areas and European Economic and Monetary Union.- 18. Consumption.- 19. Investment.- 20. The Financial System: Opportunities and Dangers.

About the Author

N. Gregory Mankiw is Professor of Economics at Harvard University, USA. His research ranges across macroeconomics and includes work on price adjustment, consumer behaviour, financial markets, monetary and fiscal policy, and economic growth.
 
Mark P. Taylor is Dean of Warwick Business School, UK and has held a professorship in international finance at Warwick since 1999. His research on exchange rates and international financial markets has been published extensively in many of the leading academic and practitioner journals.