Part 1 Economics: the science of scarcity. What Economics is About. Fundamentals of Economic Thinking - Within the Production Possibilities Frontier (PPF) Framework. Supply, Demand, and Price. Part 2 Macroeconomic fundamentals. Three Economic Goals and Three Economic Measurements. Aggregate Demand and Aggregate Supply - In the Short Run. Part 3 Macroeconomic stability, instability, and fiscal policy. AD-AS in the Long Run and the Self-Regulating Economy. Economic Instability - A Critique of the Self-Regulating Economy. Fiscal Policy. Part 4 Money, the economy, and monetary policy. Money and Banking. The Federal Reserve System. Money and the Economy. Monetary Policy. Part 5 Expectations, growth, international issues, and the budget. Expectations, Theory and the Economy. Economic Growth,: Resources, Technology, and Ideas. International Impacts on the Economy. Taxes, Deficits, and Debt. Part 6 Microeconomic fundamentals. The Logic of Consumer Choice. Elasticity. The Firm. Production and Costs. Part 7 Product markets and policies. Perfect Competition. Monopoly. Monopolistic Competition and Oligopoly. Government and Product Markets - Antitrust and Regulation. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. Part 8 Factor markets and related issues. Factor Markets - With Emphasis on the Labour Market. Wages, Unions, and Labour. The Distribution of Income and Poverty. Interest, Rent, and Profit. Part 9 Market failure and public choice. Market Failure - Externalities, Public Goods, and Information Problems. Public Choice - Economic Theory Applied to Politics. Part 10 International economics: theory and policy. International Trade. International Finance. International Economic Development. Capitalism and Socialism - Two Views of the World, Two Economic Systems.
