PART I: WHAT IS ECONOMICS?
1. First Principles
2. Economic Models: Trade-offs and Trade
Appendix Graphs in Economics
PART II: SUPPLY AND DEMAND
3. Supply and Demand
4. Price Controls and Quotas: Meddling with Markets
5. Elasticity and Taxation
PART III: THE PRODUCTION DECISION
6. Behind the Supply Curve: Inputs and Costs
7. Perfect Competition and the Supply Curve
PART IV: BEYOND PERFECT COMPETITION
8. Monopoly, Oligopoly, and Monopolistic Competition
9. Externalities and Public Goods
PART V: INTRODUCTION TO MACROECONOMICS
10. Macroeconomics: The Big Picture
11. GDP and CPI: Tracking the Macroeconomy
12. Unemployment and Inflation
PART VI: ECONOMIC GROWTH AND FLUCTUATIONS
13. Long-Run Economic Growth
14. Aggregate Demand and Aggregate Supply
PART VII: STABILIZATION POLICY
15. Fiscal Policy
16. Money, Banking, and the Federal Reserve System
17. Monetary Policy
18. Crises and Consequences
PART VIII: THE INTERNATIONAL ECONOMY
19. International Trade, Capital Flows, and Exchange Rates
Macroeconomic Data Tables
Solutions to ’Check Your Understanding’ Questions