Principles of macroeconomics / Karl E. Case, Wellesley College, Ray C. Fair, Yale University, Sharon M. Oster, Yale University.

Includes glossary and index.

Part I. Introduction to economics -- The scope and method of economics -- The economic problem: Scarcity and Choice -- Demand, supply, and market equilibrium -- Demand and supply applications -- Part II. Concepts and problems in macroeconomics -- Introduction to macroeconomics -- Measuring national output and national income -- Unemployment, inflation, and long-run growth -- Part III. The core of macroeconomic theory -- Aggregate expenditure and equilibrium output -- The Government and fiscal policy -- Money, the Federal Reserve and the interest rate -- The determination of aggregate output, the price level, and the interest rate -- Policy effects and cost shocks in the AS/AD model -- The labor market in the macro-economy -- Part IV. Further macroeconomics issues -- Financial crises, stabilization, and deficits -- Household and firm behavior in the macroeconomy: a further look -- Long-run growth -- Alternative views in macroeconomics -- Part V. The world economy -- International trade, comparative advantage, and protectionism -- Open-economy macroeconomics: the balance of payments and exchange rates -- Economic Growth in developing economies -- Part VI. Methodology -- Critical thinking about research.