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To help readers focus on the most important concepts–and effectively practice application of those concepts–Essential Foundations of Economics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building textbook that prepares readers to use economics in their everyday life, regardless of what their future career will be.
Table of Contents
Chapter 1. Getting Started
Chapter 2. The U.S. and Global Economies
Chapter 3. The Economic Problem
Chapter 4. Demand and Supply
Chapter 5. Elasticities of Demand and Supply
Chapter 6. Efficiency and Fairness of Markets
Chapter 7. Government Influences on Markets
Chapter 8. Global Markets in Action
Chapter 9. Externalities: Pollution, Education, and Health
Chapter 10. Production and Cost
Chapter 11. Perfect Competition
Chapter 12. Monopoly
Chapter 13. Monopolistic Competition and Oligopoly
Chapter 14. GDP: A Measure of Total Production and Income
Chapter 15. Jobs and Unemployment
Chapter 16. The CPI and the Cost of Living
Chapter 17. Potential GDP and Economic Growth
Chapter 18. Money and the Monetary System
Chapter 19. Aggregate Supply and Aggregate Demand
Chapter 20. Fiscal Policy and Monetary Policy