Includes index and glossary.

Contents: Introduction: Ten principles of economics -- Thinking like an economist -- Interdependence and the gains -- Supply and demand: How markets work: The market forces of supply and demand -- The data of macroeconomics: Measuring a nation's income -- Measuring the cost of living -- The real economy in the long run: Production and growth -- Saving, investment and the financial system -- Unemployment and its natural rate -- Money and prices in the long run: The monetary system -- Money growth and inflation -- The macroeconomics of open economies: Open-economy macroeconomics: Basic concepts -- A macroeconomic theory of the open economy -- Short-run economic fluctuations: Aggregate demand and aggregate supply -- The influence of monetary and fiscal policy on aggregate demand -- The short-run tradeoff between inflation and unemployment -- Final thoughts: Five debates over macroeconomic policy.