Includes index.

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 5. Elasticity Part II: The Market System 6. Household Behavior and Consumer Choice 7. The Production Process: The Behavior of Profit-Maximizing Firms 8. Short-Run Costs and Output Decisions 9. Long-Run Costs and Output Decisions 10. Input Demand: The Labor and Land Markets 11. Input Demand: The Capital Market and the Investment Decision 12. General Equilibrium and the Efficiency of Perfect Competition Part III: Market Imperfections and the Role of Government 13. Monopoly and Antitrust Policy 14. Oligopoly 15. Monopolistic Competition 16. Externalities, Public Goods, and Common Resources 17. Uncertainty and Asymmetric Information 18. Income Distribution and Poverty 19. Public Finance: The Economics of Taxation Part IV: Concepts and Problems in Macroeconomics 20. Introduction to Macroeconomics 21. Measuring National Output and National Income 22. Unemployment, Inflation, and Long-Run Growth Part V: The Core of Macroeconomic Theory 23. Aggregate Expenditure and Equilibrium Output 24. The Government and Fiscal Policy 25. Money, the Federal Reserve, and the Interest Rate 26. The Determination of Aggregate Output, the Price Level, and the Interest Rate 27. Policy Effects and Cost Shocks in the AS/AD Model 28. The Labor Market in the Macroeconomy Part VI: Further Macroeconomics Issues 29. Financial Crises, Stabilization, and Deficits 30. Household and Firm Behavior in the Macroeconomy: A Further Look 31. Long-Run Growth 32. Alternative Views in Macroeconomics Part VII: The World Economy 33. International Trade, Comparative Advantage, and Protectionism 34. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates 35. Economic Growth in Developing Economies Part VIII: Methodology 36. Critical Thinking about Research