This text presents a balance of theoretical, policy, and institutional coverage in an evolutionary/historical context. Avoids complex models and high-level math, avoiding IS/LM analysis and instead using the AD/AS and flow of funds frameworks to explain macroeconomic equilibrium. Features unique, detailed coverage of the Fed, integration of the international aspects of money and banking, and Internet assignments and an Internet appendix, giving students the opportunity to explore Web sites related to money and banking topics.