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Contemporary Economics


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Table of Contents

Preface; Part I. Introduction; 1. Scarcity and Choice; Part II. The Microeconomy; 2. Market Transactions - Demand and Supply Analysis; 3. Demand and Supply Applications; 4. Production and the Costs of Production; 5. Competition and Monopoly-Virtues and Vices; 7. Labor Market Issues; 8. Government and Markets; Part III. The Macroeconomy; 9. The Mixed Economy of the United States; 10. Gross Domestic Product and Economic Growth; 11. The Business Cycle, Unemployment, and Inflation; 12. Macroeconomic Instability - Aggregate Demand and Aggregate Supply; 13. Fiscal Policy and the Federal Budget; 14. Money and the Banking System; 15. The Federal Reserve and Monetary Policy; Part IV. The International Economy; 16. The United States and the Global Economy; 17. International Finance; 18. Economic Systems and the Developing Countries; Glossary; Index; About the Author.

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