Includes index.

Contents:The economic approach -- Some tools of the economist -- Supply, demand, and the market process -- The economic role of government -- The economics of collective decision making -- Taking the nation's economic pulse -- Economic fluctuations, unemployment, and inflation -- An introduction to basic macroeconomics markets -- Working with our basic aggregate demand/aggregate supply model -- Keynesian foundations of modern macroeconomics -- Fiscal policy -- Money and the banking system -- Modern macroeconomics: monetary policy -- Stabilization policy, output, and employment -- Economic growth -- Gaining from international trade -- International finance and the foreign exchange market.