1. The basics of macroeconomic accounting - 2. Spending by issuer of domestic currency - 3. The domestic monetary system: banking and central banking - 4. Fiscal operations in a nation that issues its own currency - 5. Modern money theory and alternative exchange rate regimes - 6. Monetary and fiscal policy for sovereign currencies: what should government do? - 7. Policy for full employment and price stability - 8. What is money? Conclusions on the nature of money