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Part I Introduction to
Economics and Its Foundations
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1. Observing and Explaining the Economy
1A Acquiring an Eye
for Economics: Reading and Understanding
Graphs
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2. Scarcity, Choice, and Economic Interaction
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3. The Supply and Demand Model
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4. Elasticity and its Uses
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Part 2 Introduction to
Macroeconomics
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5. A Preview of Macroeconomics
5A The Miracle of
Compound Growth
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6. Measuring the Macroeconomy
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Part 3 Long-run
Fundamentals and Economic Growth
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7. Unemployment and Employment
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8. Investment in New Capital
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9. Technology and Economic Growth
9A The Growth
Accounting Formula
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10. The Monetary System and Inflation
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Part 4 Economic
Fluctuations
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11. The First Steps Toward Recession or Boom
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12. The Uncertain Multiplier
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13. Aggregate Demand and Price Adjustment
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14. Toward Recovery and Expansion
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Part 5 Macroeconomic
Policy
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15. Fiscal Policy and the Budget Deficit
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16. Monetary Policy
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17. International Finance
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18. Macroeconomic Debates
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19. Economic Growth Around the World
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20. Emerging Market Economies
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21. The Gains from International Trade
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22. International Trade Policy
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