Table of Contents

Part 1: INTRODUCTION 1. What is Economics? 2. The Economic Problem 3. Demand and Supply 4. Elasticity Part 2: HOW MARKETS WORK 5. Efficiency and Equity 6. Government Actions in Markets 7. Global Markets in Action 8. Public Choices and Public Goods 9. Economics of the Environment 10. Monopoly and its Regulation 11. Economic Inequality Part 3: DECISIONS AND STRATEGIES IN MARKETS 12. Consumer Choices and Constraints 13. Producer Choices and Constraints 14. Perfect Competition 15. Monopolistic Competition 16. Oligopoly Games and Strategy 17. Decisions in Factor Markets Part 4: MONITORING THE MACROECONOMY 18. Measuring GDP and Economic Growth 19. Monitoring Jobs and Inflation Part 5: UNDERSTANDING THE MACROECONOMY 20. Economic Growth 21. Finance, Saving, and Investment 22. Money, the Price Level, and Inflation 23. The Exchange Rate and the Balance of Payments 24. Aggregate Demand and Aggregate Supply 25. Expenditure Multipliers: The Keynesian Model 26. Australian Macroeconomic Fluctuations Part 6: MACROECONOMIC POLICY 27. Fiscal Policy 28. Monetary Policy