1 online resource Introduction 1 Part I: Getting Started with Macroeconomics 5 Chapter 1: Discovering Why Macroeconomics Is a Big Deal 7 Chapter 2: Looking at Key Questions and Concepts 21 Chapter 3: Curing a Sick Economy of Four Afflictions 35 Part II: Measuring the Things that Matter 47 Chapter 4: Totting up a Country’s Economic Activity: Gross Domestic Product 49 Chapter 5: Facing the Fact of Increasing Prices: Inflation 67 Chapter 6: Unemployment: Wasting Talent and Productivity 87 Part III: Building a Model of the Economy 105 Chapter 7: Working Out a Country’s Economic Demand 107 Chapter 8: Determining How Much Stuff an Economy Can Produce 125 Chapter 9: Using the AD–AS Model to Analyse Shocks to the System 139 Part IV: Examining Macroeconomic Policy 161 Chapter 10: Using Monetary Policy to Influence the Economy 163 Chapter 11: Fiscal Policy: Balancing the Books – Perhaps 183 Chapter 12: Seeking Low Unemployment and Low Inflation: The Phillips Curve 197 Chapter 13: Following Rules or Using Discretion: Two Approaches to Economic Policy 213 Part V: Understanding the Financial Crisis 227 Chapter 14: Considering Fundamental Weaknesses of the Financial System 229 Chapter 15: Getting Away with Excessive Risk‐Taking: Moral Hazard 245 Chapter 16: Considering the Lessons of the 2008 Financial Crisis 265 Part VI: The Part of Tens 283 Chapter 17: Getting to Know Ten Great Macroeconomists 285 Chapter 18: Ten Top Tips to Take Away 291 Index 299 Description based on CIP data; item not viewed