Preface | |
Acknowledgments | |
Suggested One-Semester and One-Quarter Course | |
Outlines | |
An Introduction to Economics and the Economy | |
The Nature and Method of Economics | p. 1 |
The Economizing Problem | p. 19 |
Pure Capitalism and the Circular Flow | p. 35 |
Understanding Individual Markets: Supply and Demand | p. 47 |
The Private Sectors and the Market System | p. 67 |
The Public Sector | p. 88 |
National Income, Employment, and Fiscal Policy | |
Measuring Domestic Output, National Income, and the Price Level | p. 105 |
Macroeconomic Instability: Unemployment and Inflation | p. 129 |
Aggregate Demand and Aggregate Supply | p. 151 |
Classical and Keynesian Theories of Employment | p. 171 |
Equilibrium Domestic Output in the Keynesian Model | p. 196 |
Fiscal Policy | p. 221 |
Money, Banking, and Monetary Policy | |
Money and Banking | p. 243 |
How Banks Create Money | p. 264 |
The Federal Reserve Banks and Monetary Policy | p. 281 |
Problems and Controversies in Macroeconomics | |
Alternative Views: Monetarism and Rational Expectations | p. 305 |
The Inflation-Unemployment Relationship | p. 324 |
Budget Deficits and the Public Debt | p. 349 |
Economic Growth | p. 365 |
Microeconomics of Product and Resource Markets | |
Demand and Supply: Elasticities and Applications | p. 383 |
Consumer Behavior and Utility Maximization | p. 402 |
The Costs of Production | p. 418 |
Price and Output Determination: Pure Competition | p. 438 |
Price and Output Determination: Pure Monopoly | p. 465 |
Price and Output Determination: Monopolistic Competition | p. 485 |
Price and Output Determination: Oligopoly | p. 498 |
Production and the Demand for Resources | p. 518 |
The Pricing and Employment of Resources: Wage Determination | p. 533 |
The Pricing and Employment of Resources: Rent, Interest, and Profits | p. 553 |
General Equilibrium: The Market System and Its Operation | p. 567 |
Government and Current Economic Problems | |
Government and Market Failure: Public Goods, the Environment, and Information Problems | p. 579 |
Public Choice Theory and Taxation | p. 599 |
Antitrust and Regulation | p. 619 |
Agriculture: Economics and Policy | p. 638 |
Income Inequality and Poverty | p. 654 |
Labor Market Issues: Unionism, Discrimination, and Immigration | p. 672 |
International Economics and the World Economy | |
International Trade: Comparative Advantage and Protectionism | p. 697 |
Exchange Rates, the Balance of Payments, and Trade Deficits | p. 720 |
Growth and the Less Developed Countries | p. 745 |
The Soviet Economy in Transition | p. 765 |
Glossary | p. G1 |
Index | p. I1 |
Table of Contents provided by Blackwell. All Rights Reserved. |