PART 1: Classical Theory 1. National income, relationship between factor marginal productivity and prices. Factoral distribution of GDP. relationship between public and private savings and investment in the long run. 2. Money and inflation. The quantitative theory of money. The Fisher equation. PART 2: Growth: Solow model. Population and technological growth. PART 3: Unemployment PART 4: Business cycles. 1. The IS-LM model for the closed economy. 2. The Mundell-Fleming model for the open economy. PART 5: Economic policy debates