Description: Part 1 Introduction 1. Thinking Like an Economist 2. Comparative Advantage: The Basis for Exchange 3. Supply and Demand: An Introduction Part 2 Macroeconomics: Issues and Data 4. Macroeconomics: The Bird's-Eye View of the Economy 5. Measuring Economic Activity: GDP and Unemployment 6. Measuring the Price Level and Inflation Part 3 The Long Run 7. Economic Growth, Productivity, and Living Standards 8. Workers, Wages, and Unemployment in the Modern Economy 9. Saving and Capital Formation 10. Money, Prices, and the Federal Reserve 11. Financial Markets and International Capital Flows Part 4 The Short Run 12. Short-term Economic Fluctuations: An Introduction 13. Spending and Output in the Short Run 14. Stabilizing the Economy: The Role of the Fed 15. Inflation and Aggregate Supply Part 5 The International Economy 16. International Trade and Trade Policy 17. Exchange Rates and the Open Economy

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