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Table of Contents

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Part I: Introduction to Economics and the Economy

1 Limits, Alternatives, Choices

2 The Market System and the Circular Flow

Part II: Price, Quantity, and Efficiency

3 Demand, Supply, and Market Equilibrium

4 Market Failures: Public Goods and Externalities

5 Government's Role and Government Failure

Part III: Consumer Behavior

6 Elasticity

7 Utility Maximization

8 Behavioral Economics

Part IV: Microeconomics of Product Markets

9 Businesses and the Cost of Production

10 Pure Competition in the Short Run

11 Pure Competition in the Long Run

12 Pure Monopoly

13 Monopolistic Competition and Oligopoly

13W Technology, R&D, and Efficiency

Part V: Microeconomics of Resource Markets and Government

14 The Demand for Resources

15 Wage Determination

16 Rent, Interest, and Profit

17 Natural Resource and Energy Economics

18 Public Finance: Expenditures and Taxes

Part VI: Microeconomic Issues and Policies

19 Antitrust Policy and Regulation

20 Agriculture: Economics and Policy

21 Income Inequality, Poverty, and Discrimination

22 Health Care

23 Immigration

Part VII: GDP, Growth, and Instability

24 An Introduction to Macroeconomics

25 Measuring Domestic Output and National Income

26 Economic Growth

27 Business Cycles, Unemployment, and Inflation

Part VIII: Macroeconomic Models and Fiscal Policy

28 Basic Macroeconomic Relationships

29 The Aggregate Expenditures Model

30 Aggregate Demand and Aggregate Supply

31 Fiscal Policy, Deficits, and Debt

Part IX: Money, Banking, and Monetary Policy

32 Money, Banking, and Financial Institutions

33 Money Creation

34 Interest Rates and Monetary Policy

35 Financial Economics

Part X: Extensions and Issues

36 Extending the Analysis of Aggregate Supply

37 Current Issues in Macro Theory and Policy

Part XI: International Economics

38 International Trade

39 The Balance of Payments, Exchange Rates, and Trade Deficits

39W The Economics of Developing Countries

COI 1 The United States in the Global Economy
COI 2 Previous International Exchange Rate Systems