Includes bibliographical references and index.

Pt. 1. The Context for Economic Analysis -- Ch. 1. Economic Activity in Context -- Ch. 2. Useful Tools and Concepts -- Ch. 3. What Economies Do -- Ch. 4. Supply and Demand -- Pt. 2. Macroeconomic Basics -- Ch. 5. Macroeconomic Measurement: The Current Approach -- Ch. 6. Macroeconomic Measurement: Environmental and Social Dimensions -- Ch. 7. Employment and Unemployment -- Ch. 8. The Structure of the United States Economy -- Pt. 3. Macroeconomic Theory and Policy -- Ch. 9. Aggregate Demand and Economic Fluctuations -- Ch. 10. Fiscal Policy -- Ch. 11. Money and Monetary Policy -- Ch. 12. Aggregate Supply, Aggregate Demand, and Inflation: Putting It All Together -- Pt. 4. Macroeconomic Issues and Applications -- Ch. 13. The Global Economy -- Ch. 14. How Economies Grow and Develop -- Ch. 15. Macroeconomic Challenges for the Twenty-First Century.

"Macroeconomics in Context updates the introductory undergraduate curriculum to address critical concerns of the 21st century, including distributional equity, ecological sustainability, the quality of employment, globalization, and the adequacy of living standards. Unlike most macroeconomics texts, which begin with concepts of efficiency and GDP growth, this book starts with the question of human well-being, and then examines how economic activities can contribute to, or detract from, our well-being."--BOOK JACKET.