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Preface | ||
A Guided Tour | ||
1 | Introduction: What Is Economics? | 1 |
2 | Key Principles of Economics | 22 |
3 | Markets and Government in the Global Economy | 37 |
4 | Supply, Demand, and Market Equilibrium | 57 |
5 | Elasticity: A Measure of Responsiveness | 81 |
6 | Government Intervention in Markets | 100 |
7 | Consumer Choice | 124 |
8 | The Firm's Short-Run and Long-Run Cost Curves | 150 |
9 | Perfect Competition in the Short Run | 170 |
10 | Long-Run Supply and Market Dynamics | 192 |
11 | Monopoly and Price Discrimination | 208 |
12 | Entry Decisions: Natural Monopoly and Monopolistic Competition | 229 |
13 | Oligopoly and Antitrust Policy | 246 |
14 | Public Goods, Taxes, and Public Choice | 271 |
15 | Environmental Problems and Public Policy: Global Warming, Ozone Depletion, Acid Rain, and Urban Smog | 294 |
16 | Imperfect Information and Disappearing Markets | 316 |
17 | The Labor Market | 332 |
18 | Interest Rates and Present Value | 358 |
19 | Economic Challenges for the Twenty-First Century | 376 |
20 | The Big Ideas in Macroeconomics | 401 |
21 | Behind the Economic Statistics | 422 |
22 | Classical Economics: The Economy at Full Employment | 443 |
23 | Why Do Economies Grow? | 462 |
24 | Coordinating Economic Activity: Aggregate Demand and Supply | 486 |
25 | Keynesian Economics and Fiscal Policy | 507 |
26 | Investment and Financial Intermediation | 534 |
27 | Money, the Banking System, and the Federal Reserve | 551 |
28 | Monetary Policy in the Short Run | 569 |
29 | From the Short Run to the Long Run | 589 |
30 | The Dynamics of Inflation and Unemployment | 604 |
31 | Ten Questions (and Answers) about Government Debt and Deficits | 625 |
32 | International Trade and Public Policy | 641 |
33 | The World of International Finance | 663 |
Glossary | G-1 | |
Solutions to Selected Problems and Discussion Questions | S-1 | |
Index | I-1 |
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