Introduction. Part I The Context for Economic Analysis. 0. Macroeconomics and Well-Being. 1. Economic Activity in Context. 2. Useful Tools and Concepts. 3. What Economies Do. 4. Supply and Demand. PART II Macroeconomic Basics. 5. Macroeconomic Measurement: The Current Approach. 6. Macroeconomic Measurement: Environmental and Social Dimensions. 7. The Structure of the U.S. Economy. 8. Employment, Unemployment, and Wages. PART III Macroeconomic Theory and Policy. 9. Aggregate Demand and Economic Fluctuations. 10.Fiscal Policy. 11. Money, Banking, and Finance. 12. The Federal Reserve and Monetary Policy. 13. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together. 14. The Global Economy and Policy. 15. Financial Instability and Economic Inequality. 16. Deficits and Debt. 17. How Economies Grow and Develop. 18. Growth and Sustainability in the Twenty-First Century. Glossary . Index