Includes index.

pt. I. Preliminaries -- 1. What is economics? -- 2. Scarcity, choice, and economic systems -- 3. Supply and demand -- pt. II. Macroeconomics : basic concepts -- 4. What macroeconomics tries to explain -- 5. Production, income, and employment -- 6. The monetary system prices, and inflation -- pt. III. Long-run macroeconomics -- 7. The classical long-run model -- 8. Economic growth and rising living standards -- pt. IV. Short-run macroeconomics -- 9. Economic fluctuations -- 10. Short-run macro model -- pt. V. Money, prices, and the macroeconomy -- 11. The banking system -- 12. The money market and the interest rate -- 13. Aggregate demand and aggregate supply -- pt. VI. Macroeconomic policy -- 14. Inflation and monetary policy -- 15. Fiscal policy : taxes, spending, and the federal budget -- 16. Exchange rates and macroeconomic policy -- Using all the theory : the stock market and the macroeconomy.