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: Introduction to the Macroeconomy: Measuring the Economy’s Output

Chapter 6: The Price Level and Inflation

Chapter 7: Unemployment

Chapter 8: Aggregate Demand and Aggregate Supply

Chapter 9: Economic Growth

Chapter 10: The Nature and Creation of Money

Chapter 11: Financial Markets and the Economy

Chapter 12: Monetary Policy and the Fed

Chapter 13: Government and Fiscal Policy

Chapter 14: Consumption and the Aggregate Expenditures Model

Chapter 15: Investment and Economic Activity

Chapter 16: Net Exports and International Finance

Chapter 17: A Brief History of Macroeconomic Thought and Policy

Chapter 18: Inequality, Poverty, and Discrimination

Appendix A: Graphs in Economics

Appendix B: The Solow Model of Economic Growth