Part 1: What Is Economics?

Introduction An Engine for Growth and Discovery

Chapter 1 First Principles

Chapter 2 Economic Models: Trade-offs and Trade

Appendix: Graphs in Economics

Part 2: Supply and Demand

Chapter 3 Supply and Demand

Chapter 4 Consumer and Producer Surplus

Chapter 5 Price Controls and Quotas: Meddling with Markets

Chapter 6 Elasticity

Part 3: Individuals and Markets

Chapter 7 Taxes

Chapter 8 International Trade

Part 4: Economics and Decision Making

Chapter 9 Decision Making by Individuals and Firms

Appendix: Toward a Fuller Understanding of Present Value

Part 5: The Consumer

Chapter 10 The Rational Consumer

Appendix: Consumer Preferences and Consumer Choice

Part 6: The Production Decision

Chapter 11 Behind the Supply Curve: Inputs and Costs

Chapter 12 Perfect Competition and the Supply Curve

Part 7: Market Structure: Beyond Perfect Competition

Chapter 13 Monopoly

Chapter 14 Oligopoly

Chapter 15 Monopolistic Competition and Product Differentiation

Part 8: Microeconomics and Public Policy

Chapter 16 Externalities

Chapter 17 Public Goods and Common Resources

Chapter 18 The Economics of the Welfare State

Part 9: Factor Markets and Risk

Chapter 19 Factor Markets and the Distribution of Income

Appendix Indifference Curve Analysis of Labor Supply

Chapter 20 Uncertainty, Risk, and Private Information

Part 10: Introduction to Macroeconomics

Chapter 21 Macroeconomics: The Big Picture

Chapter 22 GDP and the CPI: Tracking the Macroeconomy

Chapter 23 Unemployment and Inflation

Part 11: Long-Run Economic Growth

Chapter 24 Long-Run Economic Growth

Chapter 25 Savings, Investment Spending, and the Financial System

Part 12: Short-Run Economic Fluctuations

Chapter 26 Income and Expenditure

Appendix Deriving the Multiplier Algebraically

Chapter 27 Aggregate Demand and Aggregate Supply

Part 13 Stabilization Policy

Chapter 28 Fiscal Policy

Appendix Taxes and the Multiplier

Chapter 29 Money, Banking, and the Federal Reserve System

Chapter 30 Monetary Policy

Appendix Reconciling the Two Models of the Interest Rate

Chapter 31 Inflation, Disinflation, and Deflation

Part 14 Events and Ideas

Chapter 32 Macroeconomics: Events and Ideas

Part 15 The Open Economy

Chapter 33 International Macroeconomics