Brief Table of Contents

Chapter 1: Economics: The Study of Choice

Chapter 2: Confronting Scarcity: Choices in Production

Chapter 3: Demand and Supply

Chapter 4: Applications of Demand and Supply

Chapter 5: Elasticity: A Measure of Response

Chapter 6: Markets, Maximizers, and Efficiency

Chapter 7: The Analysis of Consumer Choice

Chapter 8: Production and Cost

Chapter 9: Competitive Markets for Goods and Services

Chapter 10: Monopoly

Chapter 11: The World of Imperfect Competition

Chapter 12: Factor Markets

Chapter 13: Public Finance and Public Choice

Chapter 14: International Trade

Chapter 15: The Economics of the Environment and Natural Resources

Chapter 16: Inequality, Poverty, and Discrimination

Chapter 17: Introduction to the Macroeconomy: Measuring the Economy’s Output

Chapter 18: The Price Level and Inflation

Chapter 19: Unemployment

Chapter 20: Aggregate Demand and Aggregate Supply

Chapter 21: Economic Growth

Chapter 22: The Nature and Creation of Money

Chapter 23: Financial Markets and the Economy

Chapter 24: Monetary Policy and the Fed

Chapter 25: Government and Fiscal Policy

Chapter 26: Consumption and the Aggregate Expenditures Model

Chapter 27: Investment and Economic Activity

Chapter 28: Net Exports and International Finance

Chapter 29: A Brief History of Macroeconomic Thought and Policy

Appendix A: Graphs in Economics

Appendix B: The Solow Model of Economic Growth

Appendix C: Indifference Curve Analysis of Consumer Choice