Basic Economics

Part I The Economic System; 1 The Nature and Scope of Economics; 2 Scarcity and Choice; 3 The U.S. Economic System; 4 The Circular Flow Model; Part II Microeconomics; 5 Price: The Role of Demand and Supply; 6 Production, Cost, and Profit; 7 Perfect Competition; 8 Imperfect Competition; Part III Money and Banking; 9 Money in the U.S. Economy; 10 The Federal Reserve and the Money Supply; Part IV Macroeconomics; 11 Measuring Output and Income in the United States; 12 Macroeconomic Models and Analysis; 13 Employment; 14 Business Cycles; Part V Economic Policies; 15 Expansionary Policies; 16 Contractionary Policies; 17 Taxation, Budgetary Policies and the National Debt; Part VI International Economics; 18 International Trade and Aid; 19 The Balance of International Payments.