Machine generated contents note: Part I. Introduction: 1. Macroeconomics and the real world; Part II. The National Accounts: 2. The national accounts and the structure of the economy; 3. Understanding gross domestic product; 4. Measuring prices and inflation; Part III. Trends and Cycles: 5. Trends and cycles; Part IV. Financial Markets: 6. The financial system; 7. The behavior of interest rates; 8. The international financial system and the balance of payments; Part V. Aggregate Supply: 9. Aggregate production; 10. Economic growth; 11. The ideal labor market; 12. Unemployment and the labor market process; Part VI. Aggregate Demand: 13. An introduction to aggregate demand; 14. Consumption and investment: a deeper look; Part VII. Macroeconomic Dynamics: 15. The dynamics of output, unemployment, and inflation; Part VIII. Macroeconomic Policy: 16. Monetary policy; 17. Fiscal policy; Part IX. Macroeconomic Data: A Guide to Working with Economic Data.

Includes bibliographical references and index.

"This textbook offers a complete course in applied macroeconomics at the intermediate level that emphasizes the application of economic theory to real-world data and policy"--Provided by publisher.

"This book is a complete course in applied macroeconomics that emphasizes the application of economic theory to real-world data and policy. Topics covered include national income, international, and financial account, labor markets, aggregate supply and demand, inflation, and monetary and fiscal policy. It is unique in developing a detailed toolkit of elementary statistics and graphical techniques for economic data. A strength is its detailed treatment of financial markets (national and international), and the institutions of monetary and fiscal policy, which makes it especially helpful in understanding recent economic crises"--Provided by publisher.