Table of Contents

Part 1. Introduction
Chapter 1. Thinking Like an Economist
Chapter 2. Comparative Advantage
Chapter 3 Supply and Demand: An Introduction

Part 2. Competition and the Invisible Hand
Chapter 4. Elasticity
Chapter 5. Demand: The Benefit Side of the Market
Chapter 6. Perfectly Competitive Supply: The Cost Side of the Market
Chapter 7. Efficiency and Exchange
Chapter 8. The Quest for Profit and the Invisible Hand
Chapter 9. International Trade

Part 3. Market Imperfections
Chapter 10. Monopoli and Other Forms of Imperfect Competition
Chapter 11. Strategic Choice in Ologopoly, Monopolistic Competition
Chapter 12. Externalities and Property Rights
Chapter 13. The Economics of Information

Part 4. Economics of Public Policy
Chapter 14. Labor Markets, Poverty, and Income Distribution
Chapter 15. The Environment, Health, and Safety
Chapter 16. Public Goods and Tax Policy

Part 5 Macroeconomics: Issues and Data
Chapter 17. Macroeconomics: The Bird’s-Eye View of the Economy
Chapter 18. Measuring Economics Acivity: GDP and Unemployment
Chapter 19. Measuring the Price Level and Inflation

Part 6. The Economy in the Long Run
Chapter 20. Economic Growth, Productivity, and Living Standards
Chapter 21. Workers, Wages, and Unemployment in the Modern Economy
Chapter 22. Saving and Capital Formation
Chapter 23. Money, Prices, and the Federal Reserve
Chapter 24. Financial Markets and International Capital Flows

Part 7. The Economy in the Short Run
Chapter 25. Short-Term Economics Fluctuations: An Introduction
Chapter 26. Spending and Output in the Short Run
Chapter 27. Stabilizing the Economy: The Role of the Fed
Chapter 28. IInflation, Aggregate Supply, and Aggregate Demand
Chapter 29. The Practice and Pitfalls of Macroeconomic Policy

Part 8. The International Economy
Chapter 30. Exchange Rates and the Open Economy