Table of Contents


Each link below takes you to that chapter and the corresponding material. In most chapters you will find an introduction, lecture notes, an on-line quiz, and a chapter summary. Generally, we recommend that you read the lecture notes first, then take the on-line quiz. Review the summary to organize and reinforce the learning.


UpdatesCurrent Events and UpdatesLast updated: August, 2006
Introductory Concepts
Chapter 1:Overview of the US Economy
Chapter 2: Graphs, Scarcity, Opportunity Cost, and Production Possibilities Frontiers
Chapter 3: Supply and Demand
Key Macroeconomic Definitions and Concepts
Chapter 4: Output and National Income
Chapter 5: Inflation
Chapter 6: Unemployment
Chapter 7: Foreign Exchange and the Balance of Payments
Short-run Macroeconomic Theory
Chapter 8: Aggregate Demand and Aggregate Supply
Chapter 9: The Income-Expenditure Model
Chapter 10: The Fixed-Price AD-AS Model
Chapter 11: The Output Multiplier
Government, Central Banks and Stabilization Policy
Chapter 12: Fiscal Policy & Supply Side Economics
Chapter 13: Budget Deficits and the National Debt
Chapter 14: Money and Banking
Chapter 15: The Federal Reserve and Monetary Policy
Chapter 16: The Phillips Curve
Competing Macroeconomic Theories
Chapter 17: Monetarism
The Long Run
Chapter 18: Economic Growth and Productivity
The International Economy
Chapter 19: International Trade
Chapter 20: Exchange Rate Regimes and Crises
Special Topics
Chapter 21: Transition Economies


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