A look at all the key topics in intermediate-level macroeconomic theory with carefully chosen linear versions of the standard models of both the closed and the open economy. It requires no mathematical proficiency beyond high school level algebra, and has been thoroughly tested in the classroom.

chapter 1|20 pages

Macroeconomic Accounting

chapter 2|8 pages

Prices and Output

chapter 3|20 pages

Keynesian Theory

chapter 4|10 pages

The IS Curve

chapter 5|16 pages

The LM Curve

chapter 6|18 pages

The IS-LM Model

chapter 7|8 pages

The Aggregate Demand Curve

chapter 8|16 pages

The Aggregate Supply Curve

chapter 9|14 pages

The AS-AD Model

chapter 10|24 pages

Inflation and Unemployment

chapter 11|20 pages

A Model with Active Monetary Policy

chapter 12|18 pages

Open Economy Basics

chapter 13|14 pages

Fixed Exchange Rates

chapter 14|10 pages

Flexible Exchange Rates

chapter 15|14 pages

The Classical Growth Model

chapter 16|12 pages

The Neoclassical Growth Model