PART 1: INTRODUCTION
- What is Economics?
- The Economic Problem
PART 2: HOW MARKETS WORK
- Demand and Supply
- Elasticity
- Efficiency And Equity
- Government Actions in Markets
- Global Markets in Action
PART 3: HOUSEHOLDS' CHOICES
- Utility and Demand
- Possibilities, Preferences, and Choices
PART 4: FIRMS AND MARKETS
- Organizing Production
- Output and Costs
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
PART 5: MARKET FAILURE AND GOVERNMENT
- Public Choices, Public Goods, and Healthcare
- Externalities
PART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
- Markets for Factors of Production
- Economic Inequality
- Uncertainty and Information
PART 7: MONITORING MACROECONOMIC PERFORMANCE
- Monitoring the Value of Production: GDP
- Monitoring Jobs and Inflation
PART 8: MACROECONOMIC TRENDS
- Economic Growth
- Finance, Saving, and Investment
- Money, the Price Level, and Inflation
- The Exchange Rate and the Balance of Payments
PART 9: MACROECONOMIC FLUCTUATIONS
- Aggregate Supply and Aggregate Demand
- Expenditure Multipliers
- The Business Cycle, Inflation, and Deflation
PART 10: MACROECONOMIC POLICY
- Fiscal Policy
- Monetary Policy
