PART I: INTRODUCTION
1. Economics: Foundations and Models
Appendix: Using Graphs and Formulas
2. Trade-offs, Comparative Advantage, and the Market System
3. Where Prices Come From: The Interaction of Demand and Supply
4. Economic Efficiency, Government Price Setting, and Taxes
Appendix: Quantitative Demand and Supply Analysis
PART II: MARKETS IN ACTION: POLICY AND APPLICATIONS
5. Externalities, Environmental Policy, and Public Goods
6. Elasticity: The Responsiveness of Demand and Supply
7. The Economics of Health Care
PART III: FIRMS IN THE DOMESTIC AND INTERNATIONAL ECONOMIES
8. Firms, the Stock Market, and Corporate Governance
Appendix: Tools to Analyze Firms’ Financial Information
9. Comparative Advantage and the Gains from International Trade
PART IV: MICROECONOMIC FOUNDATIONS: CONSUMERS AND FIRMS
10. Consumer Choice and Behavioral Economics
Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior
11. Technology, Production, and Costs
Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost
PART V: MARKET STRUCTURE AND FIRM STRATEGY
12. Firms in Perfectly Competitive Markets
13. Monopolistic Competition: The Competitive Model in a More Realistic Setting
14. Oligopoly: Firms in Less Competitive Markets
15. Monopoly and Antitrust Policy
16. Pricing Strategy
PART VI: LABOR MARKETS, PUBLIC CHOICE, AND THE DISTRIBUTION OF INCOME
17. The Markets for Labor and Other Factors of Production
18. Public Choice, Taxes, and the Distribution of Income
PART VII: MACROECONOMIC FOUNDATIONS AND LONG-RUN GROWTH
19. GDP: Measuring Total Production and Income
20. Unemployment and Inflation
21. Economic Growth, the Financial System, and Business Cycles
22. Long-Run Economic Growth: Sources and Policies
PART VIII: SHORT-RUN FLUCTUATIONS
23. Aggregate Expenditure and Output in the Short Run
Appendix: The Algebra of Macroeconomic Equilibrium
24. Aggregate Demand and Aggregate Supply Analysis
Appendix: Macroeconomic Schools of Thought
PART VIIII: MONETARY AND FISCAL POLICY
25. Money, Banks, and the Federal Reserve System
26. Monetary Policy
27. Fiscal Policy
Appendix: A Closer Look at the Multiplier
28. Inflation, Unemployment, and Federal Reserve Policy
PART X: THE INTERNATIONAL ECONOMY
29. Macroeconomics in an Open Economy
30. The International Financial System
Appendix: The Gold Standard and the Bretton Woods System
