Preface

Issues for Different Course Themes

Required Theory Table

Chapter 1

Economics: The Study of Opportunity Cost

Appendix 1A Graphing: Yes, You Can.

Chapter 2

Supply and Demand

Chapter 3

The Concept of Elasticity and Consumer and Producer Surplus

Chapter 4

Firm Production, Cost, and Revenue

Chapter 5

Perfect Competition, Monopoly, and Economic versus Normal Profit

Chapter 6

Every Macroeconomic Word You Ever Heard: Gross Domestic Product, Inflation, Unemployment, Recession, and Depression

Chapter 7

Interest Rates and Present Value

Chapter 8

Aggregate Demand and Aggregate Supply

Chapter 9

Fiscal Policy

Chapter 10

Monetary Policy

Chapter 11

The Housing Bubble

Chapter 12

The Recession of 2007–2009: Causes and Policy Responses

Chapter 13

Federal Spending

Chapter 14

Federal Deficits, Surpluses, and the National Debt

Chapter 15

International Trade: Does It Jeopardize American Jobs?

Chapter 16

International Finance and Exchange Rates

Chapter 17

NAFTA, CAFTA, GATT, WTO: Are Trade Agreements Good for Us?

Chapter 18

Economic Growth and Development

Chapter 19

The International Monetary Fund: Doctor or Witch Doctor?

Chapter 20

The Line between Legal and Illegal Goods

Chapter 21

The Environment

Chapter 22

Health Care

Chapter 23

Government-Provided Health Insurance: Medicaid, Medicare, and the Child Health Insurance Program

Chapter 24

The Economics of Prescription Drugs

Chapter 25

So You Want to Be a Lawyer: Economics and the Law

Chapter 26

The Economics of Crime

Chapter 27

The Economics of Race and Sex Discrimination

Chapter 28

Farm Policy

Chapter 29

Minimum Wage

Chapter 30

Ticket Brokers and Ticket Scalping

Chapter 31

Why College Textbooks Cost So Much

Chapter 32

Education

Chapter 33

Poverty and Welfare

Chapter 34

Social Security

Chapter 35

Personal Income Taxes

Chapter 36

Energy Prices

Chapter 37

If We Build It, Will They Come? And Other Sports Questions

Chapter 38

The Stock Market and Crashes

Chapter 39

Unions

Chapter 40

The Cost of War

Chapter 41

The Economics of Terrorism

Chapter 42

Wal-Mart: Always Low Prices (and Low Wages)—Always

Chapter 43

The Economic Impact of Casino Gambling

Glossary

Index