Macroeconomics

Chapter 1: Introduction
Chapter 2: National Accounting
Chapter 3: Growth and Accumulation
Chapter 4: Growth and Policy
Chapter 5: Aggregate Supply and Aggregate Demand
Chapter 6: Aggregate Supply and Phillips Curve
Chapter 7: Unemployment
Chapter 8: Cost and Benefit of Inflation
Chapter 9: Monetary Policy: A Preview
Chapter 10: Income and Spending
Chapter 11: Money, Interest, and Income: The IS-LM Model and the Aggregate Demand Curve
Chapter 12: Monetary and Fiscal Policy
Chapter 13: International Linkages
Chapter 14: Consumption and Saving
Chapter 15: Investment Spending
Chapter 16: The Demand for Money
Chapter 17: The Bank of Canada, Interest Rates, and Money
Chapter 18: Policy
Chapter 19: Financial Markets and Asset Prices
Chapter 20: The National Debt
Chapter 21: Recession and Depression
Chapter 22: Inflation and Hyperinflation
Chapter 23: International Adjustment and Interdependence
Chapter 24: Advanced Topics
Appendix
Glossary

Macroeconomics deals with the major economic issues and problems of the day. To understand these issues, we must reduce the complicated details of the economy to manageable essentials. Those essentials lie in the interactions among the goods, labour, and assets markets of the economy, in the interactions among national economies that trade with each other, and in how fiscal and monetary policies affect outcomes.

In Macroeconomics, we have updated and reorganized a title that has been used by students of undergraduate macroeconomics for over 30 years, and in countries around the world, in the United States and Canada, and from Argentina to Australia; all over Europe; in India, Indonesia, and Japan; and from China and Albania to Russia.

Macroeconomics relies on straightforward explanations by emphasizing concepts over technique and fitting difficult material into a larger framework so students can see its relevance in the world. The authors explore state-of-the art research, while allowing for flexibility in how much to emphasize these topics. A balanced approach explains both the potential and limitations of economic policy.