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: Elasticity: A Measure of Response

Chapter 6: Markets, Maximizers, and Efficiency

Chapter 7: The Analysis of Consumer Choice

Chapter 8: Production and Cost

Chapter 9: Competitive Markets for Goods and Services

Chapter 10: Monopoly

Chapter 11: The World of Imperfect Competition

Chapter 12: Wages and Employment in Perfect Competition

Chapter 13: Interest Rates and the Markets for Capital and Natural Resources

Chapter 14: Imperfectly Competitive Markets for Factors of Production

Chapter 15: Public Finance and Public Choice

Chapter 16: Antitrust Policy and Business Regulation

Chapter 17: International Trade

Chapter 18: The Economics of the Environment

Chapter 19: Inequality, Poverty, and Discrimination

Chapter 20: Macroeconomics: The Big Picture

Chapter 21: Measuring Total Output and Income

Chapter 22: Aggregate Demand and Aggregate Supply

Chapter 23: Economic Growth

Chapter 24: The Nature and Creation of Money

Chapter 25: Financial Markets and the Economy

Chapter 26: Monetary Policy and the Fed

Chapter 27: Government and Fiscal Policy

Chapter 28: Consumption and the Aggregate Expenditures Model

Chapter 29: Investment and Economic Activity

Chapter 30: Net Exports and International Finance

Chapter 31: Inflation and Unemployment

Chapter 32: A Brief History of Macroeconomic Thought and Policy

Appendix A: Graphs in Economics

Appendix B: Extensions of the Aggregate Expenditures Model