Contents: I. Basic concepts: Economics: the core issues -- The U.S. Economy: a global view -- Supply and demand -- The Public sector -- II. Measuring macro outcomes: National-Income accounting -- Unemployment -- Inflation -- III. Cyclical instability: The Business cycle -- Aggregate demand -- Self-adjustment or instability? -- IV. Fiscal policy levers: Fiscal policy -- Deficits, surpluses and debt -- V. Monetary policy options: Money and banks -- The Federal Reserve System -- Monetary policy -- VI. Supply-side options: Supply-side policy: short-run options -- Growth and productivity: long-run possibilities -- VII. Policy constraints: Global macro -- Theory and reality -- VIII. Product markets: The Basics: The Demand for goods -- The Costs of production -- IX. Market structure: The Competitive firm -- Competitive markets -- Monopoly -- Oligopoly -- Monopolistic competition -- X. Regulatory issues: (De)Regulation of business -- Environmental protection -- The Farm problem -- XI. Factor markets: basic theory: The Labor market -- Labor unions -- Financial markets -- XII. Distributional issues: Taxes: equity vs. efficiency -- Transfer payments: welfare and social security -- XII. International economics: International trade -- International finance --