Description: Part I Preliminaries.1 What Is Economics? 2 Scarcity, Choice, and Economic Systems. Part II Supply and Demand.3 Supply and Demand. 4 Working with Supply and Demand. 5 Elasticity. Part III Microeconomic Decision Makers.6 Consumer Choice. 7 Production and Cost. 8 How Firms Make Decisions: Profit Maximization. Part IV Product Markets.9 Perfect Competition. 10 Monopoly. 11 Monopolistic Competition and Oligopoly. Part V Labor, Capital, and Financial Markets.12 Labor Markets. 13 Capital and Financial Markets. Part VI Efficiency, Government, and the Global Economy.14 Economic Efficiency and the Competitive Ideal. 15 Government's Role in Economic Efficiency. 16 Comparative Advantage and the Gains from International Trade. Part VII Macroeconomics: Basic Concepts.17 What Macroeconomics Tries to Explain. 18 Production, Income, and Employment. 19 The Price Level and Inflation. Part VIII Long-Run Macroeconomics.20 The Classical Long-Run Model. 21 Economic Growth and Rising Living Standards. Part IX The Short-Run Model and Fiscal Policy.22 Economic Fluctuations. 23 The Short-Run Macro Model. 24 Fiscal Policy. Part X Expanding the Model: Money, Prices and the Global Economy.25 Money, Banks, and the Federal Reserve. 26 The Money Market and Monetary Policy. 27 Aggregate Demand and Aggregate Supply. 28 Inflation and Monetary Policy. 29 Exchange Rates and Macroeconomic Policy.

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