Contents
PART ONE Introduction to Economics
1The Scope and Method of Economics
2.The Economic Problem Scarcity and Choice
3.The Structure of the U.S Economy The Private Public and International Sectors
4.Demand Supply and Market Equilibrium
5.The Price System Supply and Demand and Elasticity
PART TWO Foundations of Microeconomics Consumers and Firms
6.Household Behavior and Consumer Choice
7.The Behavior of Profit-Maximizing Firms and the Production Process
8.Short-Run Costs and Output Decisions
9.Costs and Output Decisions in the Long Run
10.Input Demand The Labor and Land Markets
11.The Capital Market and the Investment Decision
12.General Equilibrium and the Efficiency of Perfect Competition
PART THREE Market Imperfections and the Role of Government
13.Monoply
14.Monopolistic Competition and Oligopoly
15.Antitrust and Regulation
16.Externalities Public Goods Imperfect Information and Social Choice
17.Income Distribution and Poverty
PART FOUR Current Microeconomic Issues
18.Public Finance The Economics of Taxation
19.The Economics of Labor Markets and Labor Unions
20.The Location of Economic Activity Urban and Regional Economic
PART FIVE Concepts and Problems in Macroeconomics
21.Introduction to Macroeconomics
22.Measuring National Output and National Income
23.Macroeconomic Problems Unemployment and Inflation
PART SIX Macroeconomic Principles and Policy
24.Aggregate Expenditure and Equilibrium Output
25.The Government and Fiscal Policy
26.The Supply of Money and the Federal Reserve System
27.The Demand for Money the Equilibrium Interest Rate and Monetary Policy
PART SEVEN Macroeconomic Analysis and Issues
28.Money the Interest Rate and National Income Analysis and Policy
29.Aggregate Demand Aggregate Supply and Inflation
30.The Labor Market Unemployment and Inflation
31.The Budget Deficit Stabilization Policy and Other Macroeconomic Issues
PART EIGHT Household and Firm Behavior in the Macroeconomic A Closer Look
32.Household and Firm Behavior in the Macroeconomic
33.Further Topics in Macroeconomic Analysis
PART NINE Debates in Macroeconomic and Economic Growth
34.Debates in Macroeconomic Monetarism New Classical Theory and Supply Side Economics
35.Economic Growth
PART TEN The Global Economy
36.International Trade Comparative Advantage and Protectionism
37.Open-Economy Macroeconomics The Balance of Payments and Exchange Rates
38.Economic Growth in Developing Nations
39.Alternative Systems the Collapse of Communism and the Road to Economic Reform
Contents
PART ONE Introduction to Economics
1.The Scope and Method of Economics
2.The Economic Problem Scarcity and Choice
3.The Structure of the U.S Economy The Private Pubic and International Sectors
4.Demand Supply and Market Equilibrium
5.The Price System Supply and Demand and Elasticity
6.Household Behavior and Consumer Choice
7.The Behavior of Profit-Maximizing Firms and the Production Process
8.Short-Rum Costs and Output Decisions
9.Costs and Output Decisions in the Long Run
10.Input Demand The Labor and Labor Markets
11.The Capital Market and the Investment Decision
12.General Equilibrium and the Efficiency of Perfect Competition
PART THREE Market Imperfections and the Role of Government
13.Monoply
14.Monompplistic Competition and Oligopoly
15.Antitrust and Regulation
16.Externalities Public Goods Imperfect Information and Social Choice
17.Income Distribution and Poverty
PART FOUR Current Microeconomic Issues
18.Public Finance The Economics of Taxation
19.Teh Economics of Labor Markets and Labor Unions
20.The Location of Economics
PART FIVE Concepts and Problems in Macroeconomics
21.Introduction to Macroeconomics
22.Measuring National Output and National
23.Macroeconomice Problems Unemployment and Inflation
PART SIX Macroeconomic Principles and Policy
24.Aggregate Expenditure and Equilibrium Output
25.The Government and Fiscal Policy
26.The Supply of Money and the Federal Reserve System
27.The Demand for Money the Equilibrium Interest Rate and Monetary Policy
PART SEVEN Macroeconomic Analysis and Issues
28.Money the Interest Rate and National Income Analysis and Policy
29.Aggegate Demand Aggregate Supply and Inflation
30.The Labor Market Unemployment and Inflation
31.The Budget Deficit Stabilization Policy and Other Macroeconomic Issues
PART EIGHT Household and Firm Behavior in the Macroeconomy A Closer Look
32.Household and Firm Behavior in the Macroeconomy
33.Further Topics in Macroeconomic Analysis
Part Nine Debates in Macroeconomics and Economic Growth
34.Debates in Macroeconomics Monetarism New Classical Theory and Supply-Side Economics
35.Economic Growth
Part Ten The Global Economy
36.International Trade Comparative Advantage and Protectionism
37.Open-Economy Macroeconomics The Balance of Payments and Exchange Rates
38.Economic Growth in Developing Nations
39.Alternative Systems the Collapse of Communism and the Road to Economic Reform