Includes index.

Part I. Introduction to economics and the economy

Limits, alternatives, and choices

The market system and the circular flow

Part II. Price, quality, and efficiency

Demand, supply, and market equilibrium

Elasticity

Market failures : public goods and externalities

Part III. microeconomics of product markets

Consumer behavior

Business and the costs of production

Pure competition in the short run

Pure competition in the long run

Pure monopoly

Monopolistic competition and oligopoly

Technology, R&D, and efficiency

Part IV. Microeconomics of resource markets

The demand for resources

Wage determination

Rent, Interest, and profit

Natural resources and energy economics

Part V. Microeconomics of government

Public finance : expenditures and taxes

Asymmetric information, voting, and public choice

Part VI. Microeconomic issues and policies

Antitrust policy and regulation

Agriculture : economics and policy

Income inequality, poverty, and discrimination

Health care

Immigration

Part VII. GDP, Growth, and instability

An introduction to macroeconomics

Measuring domestic output and national income

Economic growth

Business cycles, unemployment, and inflation

Part VIII. Macroeconomic models and fiscal policy

Basic macroeconomic relationships

The aggregate expenditures model

Aggregate demand and aggregate supply

Fiscal policy, deficits, and debt

Part IX. Money, banking, and monetary policy

Money, banking, and financial institutions

Money creation

Interest rates and monetary policy

Financial economics

Part X. Extensions and issues

Extending the analysis of aggregate supply

Current issues in macro theory and policy

Part XI. International economics

International trade

The balance of payments, exchange rates, and trade deficits

The economics of developing countries