Macroeconomics

I. INTRODUCTION AND MEASUREMENT ISSUES.  1. Introduction.  2. Measurement.  3. Business Cycle Measurement. II. A ONE-PERIOD MODEL OF THE MACROECONOMY.  4. Consumer and Firm Behaviour: The Work-Leisure Decision and Profit Maximization.  5. A Closed Economy One-Period Macroeconomic Model. III. SAVINGS, GOVERNMENT DEFICITS, INVESTMENT, AND GROWTH.  6. A Two-Period Model: The Consumption-Savings Decision and Ricardian Equivalence.  7. A Real Intertemporal Model with Investment.  8. Economic Growth. IV. MONEY AND BUSINESS CYCLES.  9. A Monetary Intertemporal Model: The Neutrality of Money, Long-Run Inflation, and Money Demand. 10. Keynesian Business Cycle Theory: The Sticky Wage Model. 11. Market-Clearing Models of the Business Cycle. V. INTERNATIONAL MACROECONOMICS. 12. International Trade in Goods and Assets. 13. Money in the Open Economy. VI. MONEY, BANKING, UNEMPLOYMENT, AND INFLATION. 14. Money, Private Banking, and Central Banking. 15. Unemployment: Search and Efficiency Wages. 16. Inflation, the Phillips Curve, and Central Bank Commitment. Mathematical Appendix.