Economics: Principles and Policy (with InfoTrac) Book

PART I. GETTING ACQUAINTED WITH ECONOMICS 1. What Is Economics? 2. The Economy: Myth and Reality 3. The Fundamental Economic Problem: Scarcity and Choice 4. Supply and Demand: An Initial Look PART II. THE BUILDING BLOCKS OF DEMAND AND SUPPLY 5. Consumer Choice: Individual and Market Demand 6. Demand and Elasticity 7. Production, Inputs, and Cost: Building Blocks for Supply Analysis 8. Output, Price, and Profit: The Importance of Marginal Analysis 9. The Economics of the Stock Market PART III. MARKETS AND THE PRICE SYSTEM 10. The Firm and the Industry under Perfect Competition 11. Monopoly 12. Between Competition and Monopoly 13. Limiting Market Power: Regulation and Antitrust PART IV. THE VIRTUES AND LIMITATIONS OF MARKETS 14. The Price System and the Case for Free Markets 15. The Market Mechanism: Shortcomings and Remedies 16. The Case for Free Markets II: Innovation and Growth 17. Externalities, the Environment, and Natural Resources 18. Taxation and Resource Allocation PART V. THE DISTRIBUTION OF INCOME 19. Pricing the Factors of Production 20. Labor: The Human Input 21. Poverty, Inequality, and Discrimination PART VI. THE MACROECONOMY: AGGREGATE SUPPLY AND DEMAND 22. The Realm of Macroeconomics 23. The Goals of Macroeconomic Policy 24. Economic Growth: Theory and Policy 25. Aggregate Demand and the Powerful Consumer 26. Demand-Side Equilibrium: Unemployment or Inflation? 27. Supply-Side Equilibrium: Unemployment and Inflation? PART VII. FISCAL AND MONETARY POLICY 28. Managing Aggregate Demand: Fiscal Policy 29. Money and the Banking System 30. Managing Aggregate Demand: Monetary Policy 31. The Debate Over Monetary and Fiscal Policy 32. Fiscal Policy, Monetary Policy, and Growth 33. The Trade-Off Between Inflation and Unemployment PART VIII. THE UNITED STATES IN THE WORLD ECONOMY 34. International Trade and Comparative Advantage 35. The International Monetary System: Order or Disorder? 36. Exchange Rates and the Macroeconomy