Preface
Part I. Introduction to Economics
1. The Scope and Method of Economics
2. The Economic Problem: Scarcity and Choice
3. Demand, Supply, and Market Equilibrium
4. Demand and Supply Applications
Part II. Concepts and Problems in Macroeconomics
5. Introduction to Macroeconomics
6. Measuring National Output and National Income
7. Unemployment, Inflation, and Long-Run Growth
Part III. The Core of Macroeconomic Theory
8. Aggregate Expenditure and Equilibrium Output
9. The Government and Fiscal Policy
10. Money, the Federal Reserve, and the Interest Rate
11. The Determination of Aggregate Output, the Price Level, and the Interest Rate
12. Policy Effects and Cost Shocks in the AS/AD Model
13. The Labor Market in the Macroeconomy
Part IV. Further Macroeconomics Issues
14. Financial Crises, Stabilization, and Deficits
15. Household and Firm Behavior in the Macroeconomy: A Further Look
16. Long-Run Growth
17. Alternative Views in Macroeconomics
Part V. The World Economy
18. International Trade, Comparative Advantage, and Protectionism
19. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates
20. Economic Growth in Developing Economies
Part VI. Methodology
21. Critical Thinking about Research
Glossary

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