Preface
Part 1. Introduction
1. Getting Started
2. The U.S. and Global Economies
3. The Economic Problem
4. Demand and Supply
Part 2. A Closer Look at Markets
5. Elasticities of Demand and Supply
6. Efficiency and Fairness of Markets
Part 3. How Governments Influence the Economy
7. Government Actions in Markets
8. Taxes
9. Global Markets in Action
Part 4. Market Failure and Public Policy
10. Externalities
11. Public Goods and Common Resources
12. Private Information and Healthcare Markets
Part 5. A Closer Look at Decision Makers
13. Consumer Choice and Demand
14. Production and Cost
Part 6. Prices, Profits, and Industry Performance
15. Perfect Competition
16. Monopoly
17. Monopolistic Competition
18. Oligopoly
Part 7. Incomes and Inequality
19. Markets for Factors of Production
20. Economic Inequality
Part 8. Monitoring the Macroeconomy
21. GDP: A Measure of Total Production and Income
22. Jobs and Unemployment
23. The CPI and the Cost of Living
Part 9. The Real Economy
24. Potential GDP and the Natural Unemployment Rate
25. Economic Growth
26. Finance, Saving, and Investment
Part 10. The Money Economy
27. The Monetary System
28. Money, Interest, and Inflation
Part 11. Economic Fluctuations
29. Aggregate Supply and Aggregate Demand
30. Aggregate Expenditure Multiplier
31. The Short-Run Policy Tradeoff
Part 12. Macroeconomic Policy
32. Fiscal Policy
33. Monetary Policy
34. International Finance
Glossary

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