Brief Table of Contents

Chapter 1: Economics: The Study of Choice

Chapter 2: Confronting Scarcity: Choices in Production

Chapter 3: Demand and Supply

Chapter 4: Applications of Demand and Supply

Chapter 5: Macroeconomics: The Big Picture

Chapter 6: Measuring Total Output and Income

Chapter 7: Aggregate Demand and Aggregate Supply

Chapter 8: Consumption and the Aggregate Expenditures Model

Chapter 9: The Nature and Creation of Money

Chapter 10: Financial Markets and the Economy

Chapter 11: Monetary Policy and the Fed

Chapter 12: Government and Fiscal Policy

Chapter 13: Inflation and Unemployment

Chapter 14: A Brief History of Macroeconomic Thought and Policy

Chapter 15: Economic Growth

Chapter 16: Investment and Economic Activity

Chapter 17: International Trade

Chapter 18: Net Exports and International Finance

Chapter 19: Socialist Economies in Transition

Chapter 20: Elasticity: A Measure of Response

Chapter 21: Markets, Maximizers, and Efficiency

Chapter 22: The Analysis of Consumer Choice

Chapter 23: Production and Cost

Chapter 24: Competitive Markets for Goods and Services

Chapter 25: Monopoly

Chapter 26: The World of Imperfect Competition

Chapter 27: Wages and Employment in Perfect Competition

Chapter 28: Interest Rates and the Markets for Capital and Natural Resources

Chapter 29: Imperfectly Competitive Markets for Factors of Production

Chapter 30: Public Finance and Public Choice

Chapter 31: Antitrust Policy and Business Regulation

Chapter 32: The Economics of the Environment

Chapter 33: Inequality, Poverty, and Discrimination

Appendix A: Appendix A: Graphs in Economics

Appendix B: Appendix B: Extensions of the Aggregate Expenditures Model