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• Table of Contents

Table of Contents

PART 1: INTRODUCTION TO ECONOMICS.
1. Introducing the Economic Way of Thinking.
Appendix: Applying Graphs to Economics.
2. Production Possibilities, Opportunity Cost, and Economic Growth.
PART 2: MICROECONOMIC FUNDAMENTALS.
3. Market Supply and Demand.
Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.
4. Markets in Action.
Appendix: Applying Supply and Demand Analysis to Health Care.
5. Price Elasticity of Demand and Supply.
6. Consumer Choice Theory.
Appendix: Indifference Curve Analysis.
7. Production Costs.
PART 3: MARKET STRUCTURES.
8. Perfect Competition.
9 . Monopoly.
10. Monopolistic Competition and Oligopoly.
11. Labor Markets.
PART 4: MICROECONOMIC POLICY ISSUES.
12. Income Distribution, Poverty, and Discrimination.
13. Antitrust and Regulation.
14. Environmental Economics.
PART 5: MACROECONOMIC FUNDAMENTALS.
15. Gross Domestic Product.
Appendix: A Four-Sector Circular Flow Model.
16. Business Cycles and Unemployment.
17. Inflation.
PART 6: MACROECONOMIC THEORY AND POLICY.
18. The Keynesian Model.
19. The Keynesian Model in Action.
20. Aggregate Demand and Supply.
Appendix: The Self-Correcting Aggregate Demand and Supply Model.
21. Fiscal Policy.
22. The Public Sector.
23. Federal Deficits, Surpluses, and the National Debt.
PART 7: MONEY, BANKING, AND MONETARY POLICY.
24. Money and the Federal Reserve System.
25. Money Creation.
26. Monetary Policy.
Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.
27. The Phillips Curve and Expectations Theory.
PART 8: THE INTERNATIONAL ECONOMY.
28. International Trade and Finance.
29. Economies in Transition.
30. Growth and the Less-Developed Countries.
Appendix A Answers to Odd-Numbered Study Questions and Problems.
Appendix B Answers to Practice Quizzes.
Glossary.
Index.