The new European edition of Mankiw's bestselling and highly readable text communicates the theories and models of macroeconomics in a concise and accessible way, with real-world examples, discussions and case studies. The text is fully updated with extensive coverage of the global financial crisis and in particular its impact on European economies.

1. The Science of Macroeconomics


2. The Data of Macroeconomics


3. National Income: Where It Comes From and Where It Goes


4. The Monetary System: What It Is and How It Works


5. Inflation: Its Causes, Effects, and Social Costs


6. The Open Economy


7. Unemployment


8. Economic Growth I: Capital Accumulation and Population Growth


9. Economic Growth II: Technology, Empirics, and Policy


10. Introduction to Economic Fluctuations


11. Aggregate Demand I: Building the IS-LM Model


12. Aggregate Demand II: Applying the IS-LM Model


13. The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime


14. Aggregate Supply and the Short-Run Trade-Off Between Inflation and Unemployment


15. Stabilization Policy


16. Government Debt


17. Common Currency Areas and European Economic and Monetary Union


18. Consumption


19. Investment


20. The Financial System: Opportunities and Dangers