Includes bibliographical references and index.

Part 1. Introduction To Economics -- 1. Introducing the Economic Way of Thinking -- Appendix: Applying Graphs to Economics -- 2. Production Possibilities, Opportunity Cost, and Economic Growth -- Part 2. Microeconomic Fundamentals -- 3. Market Supply and Demand -- Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency -- 4. Markets in Action -- Appendix: Applying Supply and Demand Analysis to Health Care -- 5. Price Elasticity of Demand and Supply -- 6. Consumer Choice Theory -- Appendix: Indifference Curve Analysis -- 7. Production Costs -- Part 3. Market Structures -- 8. Perfect Competition -- 9. Monopoly -- 10. Monopolistic Competition and Oligopoly -- 11. Labor Markets -- Part 4. Microeconomic Policy Issues -- 12. Income Distribution, Poverty, and Discrimination -- 13. Antitrust and Regulation -- 14. Environmental Economics -- Part 5. Macroeconomic Fundamentals -- 15. Gross Domestic Product -- Appendix: A Four-Sector Circular Flow Model -- 16. Business Cycles and Unemployment -- 17. Inflation -- Part 6. Macroeconomic Theory and Policy -- 18. The Keynesian Model -- 19. The Keynesian Model in Action -- 20. Aggregate Demand and Supply -- Appendix: The Self-Correcting Aggregate Demand and Supply Model -- 21. Fiscal Policy -- 22. The Public Sector -- 23. Federal Deficits, Surpluses, and the National Debt -- Part 7. Money, Banking, and Monetary Policy -- 24. Money and the Federal Reserve System -- 25. Money Creation -- 26. Monetary Policy -- Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model -- 27. The Phillips Curve and -- Expectations Theory -- Part 8. The International Economy -- 28. International Trade and Finance -- 29. Economies in Transition -- 30. Growth and the Less-Developed Countries -- Appendix A. Answers to Odd-Numbered Study Questions and Problems -- Appendix B. Answers to Practice Quizzes.

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