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Table of Contents
PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY
To the Student
1: Limits, Alternatives, and Choices (+ Appendix)
2: The Market System and the Circular Flow
PART 2: PRICE, QUANTITY, AND EFFICIENCY
3: Demand, Supply, and Market Equilibrium (+ Appendix)
5: Market Failures: Public Goods and Externalities
PART 3: MICROECONOMICS of PRODUCT MARKETS
6: Consumer Behavior (+ Appendix)
7: Businesses and the Costs of Production
8: Pure Competition in the Short Run
9: Pure Competition in the Long Run
10: Pure Monopoly
11: Monopolistic Competition and Oligopoly (+ Appendix)
11w: Technology, R&D, and Efficiency
PART 4: MICROECONOMICS of RESOURCE MARKETS
12: The Demand for Resources
13: Wage Determination (+ Appendix)
14: Rent, Interest, and Profit
15: Natural Resource and Energy Economics
PART 5: MICROECONOMICS of GOVERNMENT
16: Public Finance: Expenditures and Taxes
17: Asymmetric Information, Voting, and Public Choice
PART 6: MICROECONOMIC ISSUES and POLICIES
18: Antitrust Policy and Regulation
19: Agriculture: Economics and Policy
20: Income Inequality, Poverty, and Discrimination
21: Health Care
PART 7: GDP, GROWTH, AND INSTABILITY
23: An Introduction to Macroeconomics
24: Measuring Domestic Output and National Income
25: Economic Growth
26: Business Cycles, Unemployment, and Inflation
PART 8: MACROECONOMIC MODELS and FISCAL POLICY
27: Basic Macroeconomic Relationships
28: The Aggregate Expenditures Model
29: Aggregate Demand and Aggregate Supply (+ Appendix)
30: Fiscal Policy, Deficits, and Debt
PART 9: MONEY, BANKING, and MONETARY POLICY
31: Money, Banking, and Financial Institutions
32: Money Creation
33: Interest Rates and Monetary Policy
34: Financial Economics
PART 10: EXTENSIONS and ISSUES
35: Extending the Analysis of Aggregate Supply
36: Current Issues in Macro Theory and Policy
PART 11: INTERNATIONAL ECONOMICS
37: International Trade
38: The Balance of Payments, Exchange Rates, and Trade Deficits
39w: The Economics of Developing Countries
OPTIONAL CONTENT FOR INSTRUCTORS(Available for instructors on the OLC)
COI 1: The United States and the Global Economy
COI 2: Previous International Exchange-Rate Systems