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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 Table of Contents
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