A tour of the world -- A tour of the book -- The goods market -- Financial markets I -- Goods and financial markets : the IS-LM model -- Financial markets II: the extended S-LM model -- The labor market -- The phillips curve, the natural rate of unemployment, and inflation -- From the short to the medium run : the IS-LM-PC model -- The facts of growth -- Saving, capital accumulation,and output -- Technological progress and growth -- Technological progress : the short, the medium, and the long run -- Expectations -- Financial markets and expectations -- Expectations, consumption, and investment -- Expectations, output, and policy -- Openness in goods and financial markets -- The goods market in an open economy -- Output, the interest rate, and the exchange rate -- Exchange rate regimes -- Should policy makers be restrained? -- Fiscal policy : a summing up -- Monetary policy : a summing up -- Epilogue: the story of macroeconomics.