Brief
Table of Contents
Part I Introduction to Economics
and Its Foundations
1. Observing and Explaining the Economy
1A Acquiring an Eye for Economics: Reading and
Understanding Graphs
2. Scarcity, Choice, and Economic Interaction
3. The Supply and Demand Model
4. Elasticity and its Uses
5. The Demand Curve and the Behavior of Consumers
5A Budget Lines and Indifference Curves
6. The Supply Curve and the Behavior of Firms
7. The Interaction of People in Markets
Part 2 Microeconomics Over Time
and Through Markets
8. Costs and the Evolution of Firms Over Time
8A A Graphical Approach to Long-Run Capital and Labor
Decisions
9. The Rise and Fall of Industries
10. Monopoly
11. Product Differentiation and Strategic Behavior
12. Labor Markets
13. Capital Markets
13A How to Discount Future Payments
Part 3 The Role of Government
14. Taxes, Transfers, and Income Distribution
15. Public Goods, Government Behavior, and Externalities
16. Antitrust Policy and Regulation
17. The Gains from International Trade
18. International Trade Policy
Part 4 Introduction to
Macroeconomics
19. A Preview of Macroeconomics
19A The Miracle of Compound Growth
20. Measuring the Macroeconomy
Part 5 Long-run Fundamentals and
Economic Growth
21. Unemployment and Employment
22. Investment in New Capital
23. Technology and Economic Growth
23A The Growth Accounting Formula
24. The Monetary System and Inflation
Part 6 Economic
Fluctuations
25. The First Steps Toward Recession or Boom
26. The Uncertain Multiplier
27. Aggregate Demand and Price Adjustment
28. Toward Recovery and Expansion
Part 7 Macroeconomic
Policy
29. Fiscal Policy and the Budget Deficit
30. Monetary Policy
31. International Finance
32. Macroeconomic Debates
33. Economic Growth Around the World
34. Emerging Market Economies
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