Macroeconomics

Abstract

Preliminaries -- Work Effort, Production, and Consumption -- The Behavior of Households with Markets for Commodities and Credit – The Demand for Money – The Market-ClearingModel – The Labor Market – Inflation – Business Cycles – Unemployment – Economic Growth – The Effect of Government Purchases – The Effect of Taxation – The Optimal Path of Government Debt – Comparative Advantage and Trade – Financial Intermediation – Fiscal and Monetary Policy – Optimal Monetary Policy.