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Index
PART I INTRODUCTION
C HAPTER 1 Ten Principles of Economics
C HAPTER 2 Thinking Like an Economist
C HAPTER 3 Interdependence and the Gains from Trade
PART II HOW MARKETS WORK
C HAPTER 4 The Market Forces of Supply and Demand
C HAPTER 5 Elasticity and Its Application
C HAPTER 6 Supply, Demand, and Government Policies
PART III MARKETS AND WELFARE
C HAPTER 7 Consumers, Producers, and the Efficiency of Markets
C HAPTER 8 Application: The Costs of Taxation
C HAPTER 9 Application: International Trade
PART IV THE ECONOMICS OF THE PUBLIC SECTOR
C HAPTER 10 Externalities
C HAPTER 11 Public Goods and Common Resources
C HAPTER 12 The Design of the Tax System
PART V FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY
C HAPTER 13 The Costs of Production
C HAPTER 14 Firms in Competitive Markets
C HAPTER 15 Monopoly
C HAPTER 16 Monopolistic Competition
C HAPTER 17 Oligopoly
PART VI THE ECONOMICS OF LABOR MARKETS
C HAPTER 18 The Markets for the Factors of Production
C HAPTER 19 Earnings and Discrimination
C HAPTER 20 Income Inequality and Poverty
PART VII TOPICS FOR FURTHER STUDY
C HAPTER 21 The Theory of Consumer Choice
C HAPTER 22 Frontiers of Microeconomics
PART VIII THE DATA OF MACROECONOMICS
C HAPTER 23 Measuring a Nation’s Income
C HAPTER 24 Measuring the Cost of Living
PART IX THE REAL ECONOMY IN THE LONG RUN
C HAPTER 25 Production and Growth
C HAPTER 26 Saving, Investment, and the Financial System
C HAPTER 27 The Basic Tools of Finance
C HAPTER 28 Unemployment
PART X MONEY AND PRICES IN THE LONG RUN
C HAPTER 29 The Monetary System
C HAPTER 30 Money Growth and Inflation
PART XI THE MACROECONOMICS OF OPEN ECONOMIES
C HAPTER 31 Open-Economy Macroeconomics: Basic Concepts
C HAPTER 32 A Macroeconomic Theory of the Open Economy
PART XII SHORT-RUN ECONOMIC FLUCTUATIONS
C HAPTER 33 Aggregate Demand and Aggregate Supply
C HAPTER 34 The Influence of Monetary and Fiscal Policy on Aggregate Demand
C HAPTER 35 The Short-Run Trade-off between Inflation and Unemployment
PART XIII FINAL THOUGHTS
C HAPTER 36 Five Debates over Macroeconomic Policy
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