The purpose of this study guide is to help you learn the material in Hall and Taylor's Macroeconomics. It isolates the major learning ob- jectives, reviews the major terms and concepts, and provides self-tests and problem sets for every chapter in the text. A word of caution before you continue, however: the study guide will help you to learn the material more easily, but it is not a substitute for reading the textbook.rnEach chapter in the study guide opens with a section called Main Objectives, which highlights the basic topics covered in the text chapter. This is followed by a section called Key Terms and Con- cepts, which reviews and explains the chapter's most important concepts. Next comes the Self-Test. Here, there are three types of questions: fill in the blank, true-false, and review. You will find answers to the Self-Test at the back of each chapter. Finally, each chapter includes a Problem Set, where Worked Problems that include step-by-step solutions precede Review Problems that you work your- self. Answers to the Review Problems are also found at the back of each chapter.rnWhile every student studies differently, you might use the study guide in the following way. First, read the chapter in the textbook without worrying too much about understanding everything. Second, read the Main Objectives and Key Terms and Concepts sections in the study guide. If you come across a concept that you do not under- stand, go back to the text. Third, take the Self-Test as if you were taking an exam. Write down your answers, and be sure to provide an explanation for the true-false questions. Refer back to the text or to the study guide to make sure that you understand the questions that you missed. Fourth, work through the Problem Set, using the Worked Problems to learn how to solve the different types of numerical problems. Finally, re-read the chapter in the text to make sure that you understand it completely. You should now be well prepared to answer the questions and problems in the back of each text chapter.

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