Part One: The Context for Economic Analysis; 1. Economic Activity in Context; 2. Useful Tools and Concepts; 3. What Economies Do; 4. Supply and Demand; Part Two: Macroeconomic Basics; 6. Macroeconomic Measurement: Environmental and Social Dimensions; 7. Employment and Unemployment; 8. The Structure of the United States Economy; Part Three: Macroeconomic Theory and Policy; 9. Aggregate Demand and Economic Fluctuations; 10. Fiscal Policy; 11. Money and Monetary Policy; 12. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together; Part Four: Macroeconomic Issues and Applications; 13. The Global Economy; 14. How Economies Grow and Develop; 15. Macroeconomic Challenges for the 21st Century.