Includes bibliographical references and index

PART 1 Introduction and Key Principles -- Introduction: What is Economics -- Key Principles of Economics -- Markets in the Global Economy -- Supply Demand, and Market Equilibrium -- PART 2 Closer Look at supply and Demand Elasticity: A Measure of Responsiveness -- Market Efficiency and Government Intervention -- Consumer Choice -- PART 3 Market Structures and Pricing -- Production and Cost -- Perfect Competition: Short Run and long Run -- Monopoly -- Entry and Monopolistic Competition -- Oligopoly and Strategic Behavior -- Using Market Power: Price Discrimination -- and Advertising -- Controlling Market Power: Antitrust Policy and Deregulation -- PART 4 Spillovers and Information -- Imperfect Information and Disappearing Markets -- Public Goods, Taxes, and Public Choice -- Environmental Policy -- PART 5 The Labor Market and Economics Challenges -- The Labor Market -- Economic Challenges: Poverty, Aging, health care -- PART 6 The Basic Concept in Macroeconomics -- Measuring a Nation's Production and Income -- Unemployment and Inflation -- PART 7 The Economy in the Long Run -- Classical Economics: The Economy and Full Employment -- Why Do Economic Grow? -- PART 8 Economic Fluctuations -- Aggregate Demand and Aggregate Supply -- Keynesian Economic and Fiscal Policy -- Investment and Financial Intermediation -- PART 9 Money, Banking, and Monetary Policy -- Money, the Banking System, and the Federal Reserve -- Monetary Policy in the Short Run -- PART 10 Inflation, Unemployment, and Economic Policy -- From the Short Run to the Long Run -- The Dynamics of Inflation and Unemployment -- Current Issues in Macroeconomic Policy -- PART 11 The International Economy -- International Trade and Public Policy -- The world of International Finance