Table of Contents

PART 1 THE ECONOMIC WAY OF THINKING. 1 The Economic Approach. 2 Some Tools of the Economist. PART 2 MARKETS AND GOVERNMENT. 3 Supply, Demand, and the Market Process. 4 Supply and Demand: Applications and Extensions. 5 Difficult Cases for the Market and the Role of Government. 6 The Economics of Collective Decision Making. PART 3 CORE MACROECONOMICS. 7 Taking the Nation's Economic Pulse. 8 Economic Fluctuations, Unemployment, and Inflation. 9 An Introduction to Basic Macroeconomic Markets. 10 Dynamic Change, Economic Fluctuations, and the AD-AS Model. 11 Fiscal Policy, Historical Perspective and The Keynesian View. 12 Fiscal Policy, Incentives, and Secondary Effects. 13 Money and the Banking System. 14 Modern Macroeconomics and Monetary Policy. 15 Stabilization Policy, Output, and Employment. 16 Creating an Environment for Growth and Prosperity. 17 Institutions, Policies, and Cross-Country Differences in Income and Growth. PART 4 INTERNATIONAL ECONOMICS. 18 Gaining from International Trade. 19 International Finance and the Foreign Exchange Market. PART 5 CORE MICROECONOMICS. 20 Consumer Demand and Elasticity. 21 Costs and the Supply of Goods. 22 Price Takers and the Competitive Process. 23 Price-Searcher Markets with Low Entry Barriers. 24 Price-Searcher Markets with High Entry Barriers. 25 The Supply of and Demand for Productive Resources. 26 Earnings, Productivity, and the Job Market. 27 Investment, the Capital Market, and the Wealth of Nations. 28 Income Inequality and Poverty. PART 6 APPLYING THE BASICS: SPECIAL TOPICS. 1 Government Spending and Taxation. 2 The Internet: How Is It Changing the Economy? 3 The Economics of Social Security. 4 The Stock Market: Its Function, Performance, and Potential as an Investment. 5 The Crisis of 2008: Causes and Lessons for the Future. 6 Lessons From the Great Depression. 7 Lessons From the Japanese Experience. 8 The Federal Budget and the National Debt. 9 The Economics of Health Care. 10 School Choice: Can It Improve the Quality of Education? 11 Is Discrimination Responsible for the Earnings Difference between Men and Women? 12. Do Labor Unions Increase the Wages of Workers? 13. Are We Running Out of Resources? 14. Difficult Environmental Cases and the Role of Government. Appendix A General Business and Economic Indicators. Appendix B Answers to Selected Critical Analysis Questions. Glossary. Credits. Index.