Includes bibliographies and index.

Contents: Actual and potential GNP -- A review of the national income and product accounts -- Introduction to income determination -- Demand-side equilibrium -- An introduction to monetary and fiscal policy -- Demand and supply in the labor market -- Supply-side equilibrium -- Equilibrium in the static model -- Monetary, fiscal and income policy -- Search, wage rigidity, and unemployment -- Rational expectations and demand policy -- Consumption and consumer expenditure -- Investment demand -- The demand for money -- The supply of money -- |Monetary and fiscal policy in the extended model -- The foreign sector and the balance of payments -- Macroeconomics when markets do not clear -- Inflation, productivity and income distribution -- Inflation and unemployment -- Introduction to stock-adjustment dynamics -- Trend growth in the static model -- Introduction to growth models -- The basic model extended -- The golden rule and an introduction to optimal growth models -- Medium-term growth and 'the measure of our ignorance'