Principles of Economics | Libby Rittenberg and Timothy Tregarthen

- 1Economics: The Study of Choice
  - 1.1Start Up: Economics in the News
  - 1.2Defining Economics
  - 1.3The Field of Economics
  - 1.4The Economists’ Tool Kit
  - 1.5Review and Practice
- 2Confronting Scarcity: Choices in Production
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  - 2.1Start Up: An Attempt to Produce Safer Air Travel
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  - 2.2Factors of Production
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  - 2.3The Production Possibilities Curve
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  - 2.4Applications of the Production Possibilities Model
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  - 2.5Review and Practice
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- 3Demand and Supply
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  - 3.1Start Up: Crazy for Coffee
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  - 3.2Demand
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  - 3.3Supply
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  - 3.4Demand, Supply, and Equilibrium
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  - 3.5Review and Practice
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- 4Applications of Demand and Supply
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  - 4.1Start Up: A Composer Logs On
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  - 4.2Putting Demand and Supply to Work
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  - 4.3Government Intervention in Market Prices: Price Floors and Price Ceilings
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  - 4.4The Market for Health-Care Services
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  - 4.5Review and Practice
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- 5Elasticity: A Measure of Response
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  - 5.1Start Up: Raise Fares? Lower Fares? What’s a Public Transit Manager To Do?
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  - 5.2The Price Elasticity of Demand
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  - 5.3Responsiveness of Demand to Other Factors
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  - 5.4Price Elasticity of Supply
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  - 5.5Review and Practice
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- 6Markets, Maximizers, and Efficiency
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  - 6.1Start Up: A Drive in the Country
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  - 6.2The Logic of Maximizing Behavior
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  - 6.3Maximizing in the Marketplace
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  - 6.4Market Failure
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  - 6.5Review And Practice
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- 7The Analysis of Consumer Choice
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  - 7.1Start Up: A Day at the Grocery Store
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  - 7.2The Concept of Utility
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  - 7.3Utility Maximization and Demand
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  - 7.4Indifference Curve Analysis: An Alternative Approach to Understanding Consumer Choice
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  - 7.5Review and Practice
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- 8Production and Cost
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  - 8.1Start Up: Street Cleaning Around the World
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  - 8.2Production Choices and Costs: The Short Run
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  - 8.3Production Choices and Costs: The Long Run
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  - 8.4Review and Practice
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- 9Competitive Markets for Goods and Services
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  - 9.1Start Up: Life on the Farm
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  - 9.2Perfect Competition: A Model
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  - 9.3Output Determination in the Short Run
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  - 9.4Perfect Competition in the Long Run
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  - 9.5Review and Practice
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- 10Monopoly
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  - 10.1Start Up: Surrounded by Monopolies
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  - 10.2The Nature of Monopoly
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  - 10.3The Monopoly Model
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  - 10.4Assessing Monopoly
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  - 10.5Review and Practice
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- 11The World of Imperfect Competition
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  - 11.1Start Up: The Excitement of Groupon: What Rivals Will It Face?
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  - 11.2Monopolistic Competition: Competition Among Many
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  - 11.3Oligopoly: Competition Among the Few
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  - 11.4Extensions of Imperfect Competition: Advertising and Price Discrimination
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  - 11.5Review and Practice
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- 12Wages and Employment in Perfect Competition
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  - 12.1Start Up: College Pays
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  - 12.2The Demand for Labor
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  - 12.3The Supply of Labor
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  - 12.4Labor Markets at Work
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  - 12.5Review and Practice
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- 13Interest Rates and the Markets for Capital and Natural Resources
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  - 13.1Start Up: Mars—Here We Come!
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  - 13.2Time and Interest Rates
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  - 13.3Interest Rates and Capital
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  - 13.4Natural Resources and Conservation
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  - 13.5Review and Practice
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- 14Imperfectly Competitive Markets for Factors of Production
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  - 14.1Start Up: Hockey Players Frozen Out
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  - 14.2Price-Setting Buyers: The Case of Monopsony
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  - 14.3Monopsony and the Minimum Wage
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  - 14.4Price Setters on the Supply Side
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  - 14.5Review and Practice
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- 15Public Finance and Public Choice
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  - 15.1Start Up: Where Your Tax Dollars Go
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  - 15.2The Role of Government in a Market Economy
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  - 15.3Financing Government
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  - 15.4Choices in the Public Sector
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  - 15.5Review and Practice
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- 16Antitrust Policy and Business Regulation
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  - 16.1Start Up: The Plastic War
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  - 16.2Antitrust Laws and Their Interpretation
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  - 16.3Antitrust and Competitiveness in a Global Economy
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  - 16.4Regulation: Protecting People from the Market
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  - 16.5Review and Practice
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- 17International Trade
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  - 17.1Start Up: Trade Winds
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  - 17.2The Gains from Trade
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  - 17.3Two-Way Trade
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  - 17.4Restrictions on International Trade
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  - 17.5Review and Practice
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- 18The Economics of the Environment
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  - 18.1Start Up: Environmental Headwinds
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  - 18.2Maximizing the Net Benefits of Pollution
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  - 18.3Alternatives in Pollution Control
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  - 18.4Review and Practice
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- 19Inequality, Poverty, and Discrimination
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  - 19.1Start Up: Occupy Wall Street and the World
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  - 19.2Income Inequality
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  - 19.3The Economics of Poverty
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  - 19.4The Economics of Discrimination
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  - 19.5Review and Practice
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- 20Macroeconomics: The Big Picture
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  - 20.1Start Up: Economy Limps Along
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  - 20.2Growth of Real GDP and Business Cycles
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  - 20.3Price-Level Changes
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  - 20.4Unemployment
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  - 20.5Review and Practice
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- 21Measuring Total Output and Income
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  - 21.1Start Up: The Lockup
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  - 21.2Measuring Total Output
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  - 21.3Measuring Total Income
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  - 21.4GDP and Economic Well-Being
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  - 21.5Review and Practice
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- 22Aggregate Demand and Aggregate Supply
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  - 22.1Start Up: The Great Warning
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  - 22.2Aggregate Demand
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  - 22.3Aggregate Demand and Aggregate Supply: The Long Run and the Short Run
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  - 22.4Recessionary and Inflationary Gaps and Long-Run Macroeconomic Equilibrium
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  - 22.5Review and Practice
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- 23Economic Growth
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  - 23.1Start Up: How Important Is Economic Growth?
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  - 23.2The Significance of Economic Growth
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  - 23.3Growth and the Long-Run Aggregate Supply Curve
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  - 23.4Determinants of Economic Growth
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  - 23.5Review and Practice
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- 24The Nature and Creation of Money
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  - 24.1Start Up: How Many Macks Does It Cost?
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  - 24.2What Is Money?
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  - 24.3The Banking System and Money Creation
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  - 24.4The Federal Reserve System
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  - 24.5Review and Practice
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- 25Financial Markets and the Economy
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  - 25.1Start Up: Clamping Down on Money Growth
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  - 25.2The Bond and Foreign Exchange Markets
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  - 25.3Demand, Supply, and Equilibrium in the Money Market
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  - 25.4Review and Practice
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- 26Monetary Policy and the Fed
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  - 26.1Start Up: The Fed’s Extraordinary Challenges in 2008
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  - 26.2Monetary Policy in the United States
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  - 26.3Problems and Controversies of Monetary Policy
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  - 26.4Monetary Policy and the Equation of Exchange
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  - 26.5Review and Practice
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- 27Government and Fiscal Policy
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  - 27.1Start Up: A Massive Stimulus
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  - 27.2Government and the Economy
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  - 27.3The Use of Fiscal Policy to Stabilize the Economy
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  - 27.4Issues in Fiscal Policy
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  - 27.5Review and Practice
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- 28Consumption and the Aggregate Expenditures Model
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  - 28.1Start Up: A Dismal Year for Retailers
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  - 28.2Determining the Level of Consumption
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  - 28.3The Aggregate Expenditures Model
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  - 28.4Aggregate Expenditures and Aggregate Demand
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  - 28.5Review and Practice
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- 29Investment and Economic Activity
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  - 29.1Start Up: Jittery Firms Slash Investment
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  - 29.2The Role and Nature of Investment
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  - 29.3Determinants of Investment
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  - 29.4Investment and the Economy
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  - 29.5Review and Practice
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- 30Net Exports and International Finance
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  - 30.1Start Up: Currency Crises Shake the World
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  - 30.2The International Sector: An Introduction
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  - 30.3International Finance
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  - 30.4Exchange Rate Systems
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  - 30.5Review and Practice
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- 31Inflation and Unemployment
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  - 31.1Start Up: The Inflation/Unemployment Conundrum
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  - 31.2Relating Inflation and Unemployment
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  - 31.3Explaining Inflation–Unemployment Relationships
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  - 31.4Inflation and Unemployment in the Long Run
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  - 31.5Review and Practice
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- 32A Brief History of Macroeconomic Thought and Policy
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  - 32.1Start Up: Three Revolutions in Macroeconomic Thought
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  - 32.2The Great Depression and Keynesian Economics
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  - 32.3Keynesian Economics in the 1960s and 1970s
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  - 32.4Macroeconomics for the 21st Century
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  - 32.5Review and Practice
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- AGraphs in Economics
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  - A.1How to Construct and Interpret Graphs
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  - A.2Nonlinear Relationships and Graphs without Numbers
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  - A.3Using Graphs and Charts to Show Values of Variables
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- BExtensions of the Aggregate Expenditures Model
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  - B.1The Algebra of Equilibrium
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  - B.2The Aggregate Expenditures Model and Fiscal Policy
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  - B.3Review and Practice
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