CONTENT:

Part 1 Introduction to Economics
Chapter 1 Introducing the Economic Way of Thinking
Appendix 1 Applying Graphs to Economics

Chapter 2 Production Possibilities, Opportunity Cost,
and Economic Growth

Part 2 The Microeconomy
Chapter 3 Market Demand and Supply
Chapter 4 Markets in Action
Appendix 4 Applying Supply and Demand Analysis to Health Care

Chapter 5 Price Elasticity of Demand
Chapter 6 Production Costs
Chapter 7 Perfect Competition
Chapter 8 Monopoly
Chapter 9 Monopolistic Competition and Oligopoly
Chapter 10 Labor Markets and Income Distribution

Part 3 The Macroeconomy and Fiscal Policy
Chapter 11 Gross Domestic Product
Chapter 12 Business Cycles and Unemployment
Chapter 13 Inflation
Chapter 14 Aggregate Demand and Supply

Appendix 14 The Self-Correcting Aggregate Demand and
Supply Model

Chapter 15 Fiscal Policy
Chapter 16 The Public Sector
Chapter 17 Federal Deficits, Surpluses, and the National Debt

Part 4 Money, Banking, and Monetary Policy
Chapter 18 Money and the Federal Reserve System
Chapter 19 Money Creation
Chapter 20 Monetary Policy

Part 5 The International Economy
Chapter 21 International Trade and Finance
Chapter 22 Economies in Transition
Chapter 23 Growth and the Less-Developed Countries

Appendix A: Answers to Odd-Numbered Study Questions
and Problems
Appendix B: Answers to Practice Quizzes
Appendix C: United States Gross Domestic Product and
Related Statistics