Revised edition of Macroeconomics in context, 2014.

Includes bibliographical references and index.

Introduction - sample course outlines -- The context for economic analysis -- Macroeconomics and well-being -- Economic activity in context -- Useful tools and concepts -- What economies do -- Supply and demand -- Macroeconomic basics -- Macroeconomic measurement: the current approach -- Macroeconomic measurement: environmental and social dimensions -- The structure of the united states economy -- Employment, unemployment, and wages -- Macroeconomic theory and policy -- Aggregate demand and economic fluctuations -- Fiscal policy -- The federal reserve and monetary policy -- Aggregate supply, aggregate demand, and inflation: putting it all together -- The global economy and policy -- Macroeconomic issues and applications -- Financial instability and economic inequality -- Deficits and debt -- How economies grow and develop -- Growth and sustainability in the twenty-first century -- Glossary -- Index.