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Acknowledgments

Preface

±  Chapter 1. Economics: The Study of Choice

±  Chapter 2. Confronting Scarcity: Choices in Production

±  Chapter 3. Demand and Supply

±  Chapter 4. Applications of Demand and Supply

±  Chapter 5. Elasticity: A Measure of Response

±  Chapter 6. Markets, Maximizers, and Efficiency

±  Chapter 7. The Analysis of Consumer Choice

±  Chapter 8. Production and Cost

±  Chapter 9. Competitive Markets for Goods and Services

±  Chapter 10. Monopoly

±  Chapter 11. The World of Imperfect Competition

±  Chapter 12. Wages and Employment in Perfect Competition

±  Chapter 13. Interest Rates and the Markets for Capital and Natural Resources

±  Chapter 14. Imperfectly Competitive Markets for Factors of Production

±  Chapter 15. Public Finance and Public Choice

±  Chapter 16. Antitrust Policy and Business Regulation

±  Chapter 17. International Trade

±  Chapter 18. The Economics of the Environment

±  Chapter 19. Inequality, Poverty, and Discrimination

±  Chapter 20. Macroeconomics: The Big Picture

±  Chapter 21. Measuring Total Output and Income

±  Chapter 22. Aggregate Demand and Aggregate Supply

±  Chapter 23. Economic Growth

±  Chapter 24. The Nature and Creation of Money

±  Chapter 25. Financial Markets and the Economy

±  Chapter 26. Monetary Policy and the Fed

±  Chapter 27. Government and Fiscal Policy

±  Chapter 28. Consumption and the Aggregate Expenditures Model

±  Chapter 29. Investment and Economic Activity

±  Chapter 30. Net Exports and International Finance

±  Chapter 31. Inflation and Unemployment

±  Chapter 32. A Brief History of Macroeconomic Thought and Policy

±  Chapter 33. Economic Development

±  Chapter 34. Socialist Economies in Transition

±  Chapter 35. Appendix A: Graphs in Economics

±  Chapter 36. Appendix B: Extensions of the Aggregate Expenditures Model