Includes index.

Contents: Introduction and measurement: Introduction -- Measurement of macroeconomic variables -- Classical economics and the keynesian revolution: Classical macroeconomics (I): Output and employment -- Classical macroeconomics (II): Money, prices, and interest -- The keynesian system (I):The role of aggregate demand -- The keynesian system (II):Money, interest, and income -- The keynesian system (III):Policy effects in the IS-LM model -- The keynesian system (IV):Aggregate supply and demand -- Macroeconomic theory after keynes: The monetarist counterrevolution -- Output, inflation, and unemployment: Alternative views -- New classical economics -- Real business cycles and new keynesian economics -- Macroeconomic models: A summary -- Open economy macroeconomics: Exchange rates and the international monetary system -- Monetary and fiscal policy in the open economy -- Economic policy: Money, the banking system, and interest rates -- Optimal monetary policy -- Fiscal policy -- Economic growth: Policies for intermediate-run growth -- Long-run economic growth: Origins of the wealth of nations.