Part I. The Context for Economic Analysis 0. Macroeconomics and Well-Being 1. Economic Activity in Context 2. Useful Tools and Concepts 3. What Economies Do 4. Supply and Demand Part II. Macroeconomic Basics 5. Macroeconomic Measurement: The Current Approach 6. Macroeconomic Measurement: Environmental and Social Dimensions 7. The Structure of the U.S. Economy 8. Employment, Unemployment, and Wages Part III. Macroeconomic Theory and Policy 9. Aggregate Demand and Economic Fluctuations 10. Fiscal Policy 11. Money, Banking, and Finance 12. The Federal Reserve and Monetary Policy 13. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together 14. The Global Economy and Policy Part IV. Macroeconomic Issues and Applications 15. The Financial Crisis and the Great Recession 16. Deficits and Debt 17. How Economies Grow and Develop 18. Growth and Sustainability in the Twenty-First Century