Preface | p. xxi |
Introduction and Key Principles | p. 1 |
Introduction: What Is Economics? | p. 1 |
Key Principles of Economics | p. 23 |
Markets and Government in the Global Economy | p. 41 |
Supply, Demand, and Market Equilibrium | p. 63 |
A Closer Look at Supply and Demand | p. 95 |
Elasticity: A Measure of Responsiveness | p. 95 |
Market Efficiency and Government Intervention | p. 119 |
Consumer Choice | p. 145 |
Market Structures and Pricing | p. 163 |
Production and Cost | p. 163 |
Perfect Competition: Short Run and Long Run | p. 187 |
Monopoly | p. 213 |
Entry and Monopolistic Competition | p. 235 |
Oligopoly and Strategic Behavior | p. 251 |
Using Market Power: Price Discrimination and Advertising | p. 277 |
Controlling Market Power: Antitrust Policy and Deregulation | p. 293 |
Spillovers and Information | p. 311 |
Imperfect Information and Disappearing Markets | p. 311 |
Public Goods, Taxes, and Public Choice | p. 329 |
Environmental Policy | p. 349 |
The Labor Market and Economic Challenges | p. 371 |
The Labor Market | p. 371 |
Economic Challenges: Poverty, Aging, and Health Care | p. 399 |
The Basic Concepts in Macroeconomics | p. 417 |
Measuring a Nation's Production and Income | p. 417 |
Unemployment and Inflation | p. 437 |
The Economy in the Long Run | p. 453 |
Classical Economics: The Economy at Full Employment | p. 453 |
Why Do Economies Grow? | p. 475 |
Economic Fluctuations | p. 501 |
Aggregate Demand and Aggregate Supply | p. 501 |
Keynesian Economics and Fiscal Policy | p. 521 |
Investment and Financial Intermediation | p. 553 |
Money, Banking, and Monetary Policy | p. 571 |
Money, the Banking System, and the Federal Reserve | p. 571 |
Monetary Policy in the Short Run | p. 591 |
Inflation, Unemployment, and Economic Policy | p. 611 |
From the Short Run to the Long Run | p. 611 |
The Dynamics of Inflation and Unemployment | p. 629 |
Current Issues in Macroeconomic Policy | p. 651 |
The International Economy | p. 669 |
International Trade and Public Policy | p. 669 |
The World of International Finance | p. 691 |
Glossary | p. 1 |
Answers to Odd Numbered Problems and Discussion Questions | p. 1 |
Index | p. 1 |
Photo Credits | p. 1 |
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