Principles Of Economics

Part 1 Introduction

1. Thinking Like an Economist

2. Comparative Advantage: The Basis for Exchange

3. Supply and Demand: An Introduction

Part 2 Competition and the Invisible Hand

4. Elasticity

5. Demand: The Benefit Side of the Market

6. Perfectly Competitive Supply: The Cost Side of the Market

7. Efficiency and Exchange

8. The Quest for Profit and the Invisible Hand

9. International Trade

Part 3 Market Imperfections

10. Monopoly and Other Forms of Imperfect Competition

11. Thinking Strategically: A Further Look at Monopolistic Competition and Oligopoly

12. Externalities and Property Rights

13. The Economics of Information

Part 4 Economics of Public Policy

14. Labor Markets, Poverty, and Income Distribution

15. The Environment, Health, and Safety

16. Public Goods and Tax Policy

Part 5 Macroeconomics: Issues and Data

17. Macroeconomics: The Bird?s-Eye View of the Economy

18. Measuring Economic Activity: GDP and Unemployment

19. Measuring the Price Level and Inflation

Part 6 The Economy in the Long Run

20. Economic Growth, Productivity, and Living Standards

21. Workers, Wages, and Unemployment in the Modern Economy

22. Saving and Capital Formation

23. Money and the Federal Reserve

24. Financial Markets and International Capital Flow

Part 7 The Economy in the Short Run

25. Short-term Economic Fluctuations: An Introduction

26. Spending Output in the Short Run

27. Stabilizing the Economy: The Role of the Fed

28. Inflation, Aggregate Supply, and Aggregate Demand

29. The Practice and Pitfalls of Macroeconomic Policy

Part 8 The International Economy

30. Exchange Rates and the Open Economy