CORE Introduction A tour of the world A tour of the book The goods market Financial markets Goods and financial markets: the IS-LM model Financial markets II: the extended IS-LM model The labour market The Phillips curve, the natural rate of unemployment and inflation From the short to the medium run: the IS-LM-PC model The COVID economic crisis The facts of growth Saving, capital accumulation and output Technological progress and growth The challenges of growth Financial markets and expectations Expectations, consumption and investment Expectations, output and policy The open economy Openness in goods and financial markets The goods market in an open economy Output, the interest rate and the exchange rate Exchange rate regimes Back to policy Should policy makers be restrained? Fiscal policy: a summing up Monetary policy: a summing up Epilogue: the story of macroeconomicsAppendix 1 An introduction to national income and product accounts Appendix 2 A maths refresher Appendix 3 An introduction to econometrics Glossary Symbols used in this book