Includes index.

Contents: Introduction: Thinking like an economist: Economics and economic reasoning -- Trade, trade-offs, and government policy -- The Evolving U.S. economy in perspective -- Supply and demand -- Using supply and demand -- Macroeconomics -- Macroeconomic problems: Economic growth, business cycles, unemployment and inflation -- National income accounting -- The Macroeconomic framework: Growth, productivity and the wealth of nations -- Aggregate demand, aggregate supply and modern macroeconomics -- The Multiplier model -- Money, inflation and monetary policy: Money, banking and the financial sector -- Monetary policy and the debate about macro policy -- Inflation and its relationship to unemployment and growth -- Macro policy in perspective: Aggregate demand policy in perspective -- Politics, deficits and debt -- Macro policies in developing countries -- International policy issues: International trade policy, comparative advantage and outsourcing -- International financial policy -- Macro policy in a global setting -- Glossary.