Includes index.

Contents: Introduction -- Basic concepts in macroeconomics -- Output determination: Introducing aggregate supply and aggregate demand -- Consumption and saving -- Investment -- Saving, investment and the current account -- The Government sector -- Money demand -- The Money supply process -- Money, exchange rates and prices -- Inflation: Fiscal and monetary aspects -- Macroeconomic policies and output determination in a closed economy -- Macroeconomic policies in the open economy: The Case of fixed exchange rates -- Macroeconomic policies in the open economy: The Case of flexible exchange rates -- Inflation and unemployment -- Institutional determinants of wages and unemployment -- Explaining business cycles -- Long-term growth -- The Theory and practice of economic policy -- Tradable and nontradable goods -- The Developing country debt crisis -- Stopping high inflations.