| |
| |
| Special Features | |
| |
| |
| Prologue | |
| |
| |
| Introduction to Economics | |
| |
| |
| Economics: What It's All About | |
| |
| |
| Production Possibilities and Opportunity Cost | |
| |
| |
| Supply and Demand: Markets and the Price System | |
| |
| |
| Market Transactions: Basic Supply and Demand Analysis | |
| |
| |
| Using Supply and Demand Analysis | |
| |
| |
| The Price System: Free Markets and the Economy | |
| |
| |
| Product Markets: Microeconomic Analysis | |
| |
| |
| Elasticity of Supply and Demand | |
| |
| |
| Consumer Choice and the Theory of Demand | |
| |
| |
| The Business Firm: A Prologue to the Theory of Market Supply | |
| |
| |
| Production and Cost | |
| |
| |
| The Profit-Maximizing Firm and Market Supply | |
| |
| |
| Long-Run Supply in Competitive Markets | |
| |
| |
| Monopoly | |
| |
| |
| Monopolistic Competition and Oligopoly | |
| |
| |
| Government as a Regulator in Markets and as a Provider of Services: Microeconomic Analysis | |
| |
| |
| Antitrust Policy and Regulation of Markets | |
| |
| |
| Market Failure and the Role of Government in Allocating Resources | |
| |
| |
| Externalities and the Environment: Policy Analysis | |
| |
| |
| The Economics of Special-Interest Groups: Subsiding Agriculture and Industries | |
| |
| |
| Public Choice, Government Spending, and Taxes | |
| |
| |
| Input Markets and Incomes: Microeconomic Analysis | |
| |
| |
| Input Markets and the Demand for Resources | |
| |
| |
| Labor Markets, Labor Productivity, and Personnel Management | |
| |
| |
| Imperfectly Competitive Input Markets: Labor Unions, Monopsony, and Bilateral Monopoly | |
| |
| |
| Interest, Rents, and Profit | |
| |
| |
| The Distribution of Income and the Economics of Poverty | |
| |
| |
| Introduction to Macroeconomic Concepts | |
| |
| |
| Gross National Product and the Performance of the National Economy | |
| |
| |
| Business Cycles, Unemployment, and Economic Growth | |
| |
| |
| The Price Level and Inflation | |
| |
| |
| Aggregate Demand/Aggregate Supply | |
| |
| |
| Aggregate Demand and Aggregate Supply | |
| |
| |
| Using Aggregate Demand-Aggregate Supply Analysis to Understand Economic Fluctuations and Growth | |
| |
| |
| Keynesian Analysis of Aggregate Purchases | |
| |
| |
| Keynesian Analysis of Macroeconomic Equilibrium | |
| |
| |
| Money, Financial Markets, and Macroeconomic Equilibrium | |
| |
| |
| The Functions of Money | |
| |
| |
| The Banking System | |
| |
| |
| The Federal Reserve System and Its Influence on Money and Credit | |
| |
| |
| Stabilizing the Economy | |
| |
| |
| Stabilization of the Economy through Monetary Policy | |
| |
| |
| Stabilization of the Economy through Fiscal Policy | |
| |
| |
| The Federal Budget Deficit and the National Debt | |
| |
| |
| Issues in Stabilization Policy: Inflation versus Unemployment and Rational Expectations | |
| |
| |
| International Economic Issues | |
| |
| |
| International Trade, Productivity, and the Economics of Less Developed Countries | |
| |
| |
| The Economics of Foreign Exchange and the Balance of International Trade | |
| |
| |
| Socialism and the Centrally Planned Economy | |
| |
| |
| Glossary | |
| |
| |
| Photo Credits | |
| |
| |
| Index | |