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| Student Foreword | |
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| Instructor Foreword | |
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| A Note to Instructors: Suggestions for Use | |
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| Acknowledgments | |
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| About the Authors | |
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| About the Editor | |
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| Live Together, Die Alone: Competition, Cooperation, and International Trade | |
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| Chapter Highlights | |
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| Gains from Trade | |
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| Competition | |
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| Protectionism | |
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| The Law of Comparative Advantage | |
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| Rumble in the Bronx | |
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| Change | |
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| Isolation Nation | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| The War on the Economy: Stimulus Spending and Job "Creation" | |
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| Chapter Highlights | |
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| Opportunity Cost | |
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| Economic Stimulus | |
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| Business Cycles | |
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| Gross Domestic Product | |
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| The Keynesian Multiplier | |
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| Maynard City: Where Destruction Brings Prosperity | |
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| Jobs, Baby, Jobs! | |
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| World War II: The Great Employment Program | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| (Don't) Give Us Your Tired, Your Poor ...: Labor Migration in the Land of the Free and Beyond | |
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| Chapter Highlights | |
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| Immigrations Policy | |
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| Economic Growth | |
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| Unemployment | |
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| Aggregate Demand and Supply | |
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| Marginal Revenue Product of Labor | |
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| Spain's Big Idea | |
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| Pizza and the Economy | |
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| Everybody ♥ NY | |
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| Immigration Is the Sincerest Form of Flattery | |
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| People Are Not the Problem | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Profits in the Political Marketplace: Is Government Regulation the Secret to Competitive Success? | |
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| Chapter Highlights | |
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| Competitive Strategy | |
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| Product Differentiation | |
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| Public Choice Theory | |
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| Antitrust | |
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| Rent Seeking | |
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| Shopping at the Political Marketplace | |
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| Ignorance Is Bliss Rational (Sometimes) | |
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| The In Crowd | |
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| Got Milk? | |
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| Some Better Advice | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| The $1,200 Sticks: Supply, Demand, and the Economics of Prohibition | |
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| Chapter Highlights | |
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| Externalities | |
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| Laws of Supply and Demand | |
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| Price Elasticity of Demand and Expenditure | |
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| Rational Choice | |
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| The Law of Unintended Consequences | |
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| It's Good to Be a Gangsta | |
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| Tradeoffs and Spillovers | |
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| The Real Fairy Tale | |
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| The More Things Change... | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| All You Can Eat: Demand and Supply at the Healthcare Buffet | |
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| Chapter Highlights | |
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| Marginal Benefits and Costs | |
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| Health Economics | |
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| Moral Hazard | |
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| Adverse Selection | |
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| The Samaritan's Dilemma | |
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| The Systems of Our Neighbors | |
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| Healthcare Quality and Access in America | |
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| The French Connection | |
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| People Making Bad Decisions | |
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| "Free" Lunches and Behavior | |
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| People Are like Porsches-or Hondas | |
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| The Patient Protection and Affordable Care Act | |
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| A Separate Issue | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Green Is the New Black: Environmental Problems and Policy | |
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| Chapter Highlights | |
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| The Tragedy of the Commons | |
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| The Coase Theorem | |
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| Negative and Positive Externalities | |
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| Environmental Regulation | |
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| Cost-Benefit Analysis | |
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| The World Cafeteria | |
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| Everything Costs Something | |
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| Costs Are Never Irrelevant | |
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| One Size Does Not Fit All | |
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| Ideas Have Consequences-and Side Effects | |
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| Green Jobs: The Key that Unlocks All? | |
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| The Power of Profit | |
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| Getting Beyond Fear and Fashion | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Santa, Inc.: Firm Decisions and the Pursuit of Profit | |
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| Chapter Highlights | |
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| Profit (Economic vs. Accounting) | |
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| Predatory Pricing | |
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| Monopoly | |
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| Scale Economies and Diseconomies | |
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| Price Fixing | |
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| Mom-and-Pop Shops | |
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| The Song Remains the Same | |
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| Cheaper, Faster, Better, Bigger | |
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| Risky Business | |
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| Overlooked Benefits | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Spiking the Punch: Financial Markets, Principals, Agents, and Moral Hazard | |
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| Chapter Highlights | |
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| Financial Markets | |
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| Interest Rates and Risk | |
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| Principal-Agent Problems | |
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| Incentives | |
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| Moral Hazard | |
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| The Wonders of Wall Street | |
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| The Secondary Market | |
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| Paper Pushers | |
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| "Wall Street Got Drunk" | |
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| It's Not that I'm Lazy ... | |
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| 'Who Spiked the Punch? | |
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| Freddie, Fannie, and Not-Very-Secure Securities | |
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| Sobering Up | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Stairway to ... Sweatshops?: What Foreign Factories Mean for You, Me, and the Developing World | |
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| Chapter Highlights | |
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| Market Competition | |
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| Outsourcing | |
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| Economic Development | |
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| Costs and Production | |
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| Fair Trade | |
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| How to Make Cheap Stuff | |
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| An "Alternative" View of Sweatshops | |
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| Step Right up to Development | |
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| Buy Mexican | |
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| Read On/Joint Up | |
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| Questions for Discussion | |
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| Why Men Love Tools: Poverty at the Personal and National Levels | |
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| Chapter Highlights | |
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| Poverty Threshold/Poverty Rate | |
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| Investment | |
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| Physical Capital | |
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| Human Capital | |
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| Economic Freedom and Growth | |
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| It's All Relative ... Except When It's Absolute | |
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| Pain Meds for a Broken Bone | |
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| Personal Investing 101 | |
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| Change Comes from Within | |
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| The (Only) Simple Solution | |
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| Let's Not Get Ahead of Ourselves | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Land of the Free: Regulation, Redistribution, and Rights | |
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| Chapter Highlights | |
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| Tradeoffs | |
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| Optimization vs. Maximization | |
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| Equity vs. Efficiency | |
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| Income Redistribution | |
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| Insurance | |
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| Bargain Hunters | |
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| The Big (X-ray) Picture | |
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| Homerun! | |
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| The "Moral" of the Story | |
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| Read On/Join Up | |
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| Questions for Discussion | |
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| Index | |