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Table of Contents
PART ONE INTRODUCTION
Chapter 1 What Is Macroeconomics? 3
Chapter 2 The Language of Macroeconomics: The National Income Accounts 12
PART TWO ECONOMIC GROWTH AND THE SUPPLY SIDE
Chapter 3 The Wealth of Nations: The Supply Side 37
Chapter 4 Capital Accumulation and Economic Growth 59
Chapter 5 Total Factor Productivity, Human Capital and Technology 85
Chapter 6 Endogenous Growth and Convergence 104
Chapter 7 Unemployment and the Labour Market 130
Chapter 8 International Trade 157
Chapter 9 Globalization 185
PART THREE BUSINESS CYCLES AND ECONOMIC POLICY
Chapter 10 Consumption and Investment 211
Chapter 11 Business Cycles 250
Chapter 12 Money and Prices 282
Chapter 13 Monetary Policy 314
Chapter 14 Fiscal Policy and the Role of Government 344
Chapter 15 Stabilization Policy 364
PART FOUR ASSET MARKETS AND THE FINANCIAL SECTOR
Chapter 16 Financial Markets: Equities and Bonds 395
Chapter 17 The Banking Sector 429
Chapter 18 Sovereign Debt and Default 451
PART FIVE EXCHANGE RATES AND GLOBAL CAPITAL MARKETS
Chapter 19 Exchange Rate Determination: The Real Exchange Rate 475
Chapter 20 Exchange Rate Determination: Nominal Exchange Rates and Asset Markets 503
Chapter 21 Currency Crises and Exchange Rate Systems 529