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• Table of Contents

Table of Contents

Part I: INTRODUCTION TO ECONOMICS.
1. Introducing the Economic Way of Thinking.
Appendix: Applying Graphs to Economics.
2. Production Possibilities, Opportunity Cost, and Economic Growth.
Part II: 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. Gross Domestic Product.
Appendix: A Four-Sector Circular Flow Model.
6. Business Cycles and Unemployment.
7. Inflation.
Part III: MACROECONOMIC THEORY AND POLICY.
8. The Keynesian Model.
9 The Keynesian Model in Action.
10Aggregate Demand and Supply.
Appendix: The Self-Correcting Aggregate Demand and Supply Model.
11. Fiscal Policy.
12. The Public Sector.
13. Federal Deficits, Surpluses, and the National Debt.
Part IV: MONEY, BANKING, AND MONETARY POLICY.
14. Money and the Federal Reserve System.
15. Money Creation.
16. Monetary Policy.
Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.
17. The Phillips Curve and Expectations Theory.
Part V: THE INTERNATIONAL ECONOMY.
18. International Trade and Finance.
19. Economies in Transition.
20. Growth and the Less-Developed Countries.
Appendix A: Answers to Odd-Numbered Study Questions and Problems.
Appendix B: Answers to Practice Quizzes.
Glossary.
Index.