Part 1 Introduction: Thinking Like an Economist

Chapter 1 Economics and Economic Reasoning

Chapter 2 The Production Possibility Model, Trade, and Globalization

Chapter 3 Economic Institutions

Chapter 4 Supply and Demand

Chapter 5 Using Supply and Demand

Chapter 6 Thinking Like a Modern Economist

Part 2: Microeconomics

I. The Power of Traditional Economic Models

Chapter 7 Describing Supply and Demand: Elasticities

Chapter 8 Taxation and Government Intervention

Chapter 9 International Trade Policy, Comparative Advantage, and Outsourcing

II. Choice and Decision-Making

Chapter 10 The Logic of Individual Choice: The Foundation of Supply and Demand

Chapter 11 Game Theory, Strategic Decision Making, and Behavioral Economics

III. Production and Cost Analysis

Chapter 12 Production and Cost Analysis I

Chapter 13 Production and Cost Analysis II

IV. Market Structure

Chapter 14 Perfect Competition

Chapter 15 Monopoly

Chapter 16 Monopolistic Competition and Oligopoly

V. Real-World Competition

Chapter 17 Real-World Competition and Technology

Chapter 18 Antitrust Policy and Regulation

VI. Factor Markets

Chapter 19 Work and the Labor Market

Chapter 19W Nonwage and Asset Income: Rents, Profits, and Interest

Chapter 20 Who Gets What? The Distribution of Income

VII. Applying Economic Reasoning to Policy

Chapter 21 Market Failure versus Government Failure

Chapter 21W Politics and Economics: The Case of Agricultural Markets

Chapter 22 Behavioral Economics and Modern Economic Policy

Chapter 23 Microeconomic Policy, Economic Reasoning, and Beyond

Part 3: Macroeconomics

I. Macroeconomic Problems

Chapter 24 Economic Growth, Business Cycles, Unemployment, and Inflation

Chapter 25 Measuring the Aggregate Economy

II. The Macroeconomic Framework

Chapter 26 Growth, Productivity, and the Wealth of Nations

Chapter 27 The Aggregate Demand/Aggregate Supply Model

Chapter 28 The Multiplier Model

Chapter 29 Thinking Like a Modern Macroeconomist

III. Finance, Money, and the Economy

Chapter 30 The Financial Sector and the Economy

Chapter 31 Monetary Policy

Chapter 32 Financial Crises, Panics, and Macroeconomic Policy

Chapter 33 Inflation and the Phillips Curve

IV. Taxes, Budgets, and Fiscal Policy

Chapter 34 Deficits and Debt

Chapter 35 The Modern Fiscal Policy Dilemma

V. International Policy Issues

Chapter 36 International Financial Policy

Chapter 37 Macro Policy in a Global Setting

Chapter 38 Macro Policies in Developing Countries