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Table of Contents

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Introduction
1. Limits, Alternatives, and Choices
Chapter One Appendix: Graphs and Their Meaning
2. The Market System and the Circular Flow
Part TWO
Price Quantity, and Efficiency
3. Demand, Supply, and Market Equilibrium
Chapter Three Appendix: Additional Examples of Supply and Demand
4. Elasticity of Demand and Supply
5. Market Failures: Public Goods and Externalities
PART THREE
Product Markets
6. Businesses and Their Costs
7. Pure Competition
8. Pure Monopoly
9. Monopolistic Competition and Oligopoly
PART FOUR
GDP, Growth, and Instability
10. GDP and Economic Growth
11. Business Cycles, Unemployment, and Inflation
12. Aggregate Demand and Aggregate Supply
13. Fiscal Policy, Deficits, and Debt
PART FIVE
 Money, Banking, and Monetary Policy
14. Money, Banking, and Financial Institutions
15. Interest Rates and Monetary Policy
PART SIX
International Economics
16. International Trade and Exchange Rates
PART SEVEN
Resource Markets
17. Wage Determination
18. Income Inequality and Poverty