Economics, Global Edition

Part 1: Introduction

1. Economics: Foundations and Models

Appendix: Using Graphs and Formulas

2: Trade-offs, Comparative Advantage, and the Market System

3. Where Prices Come From: The Interaction of Demand and Supply

4. Economic Efficiency, Government Price Setting, and Taxes

Appendix: Quantitative Demand and Supply Analysis



Part 2: Markets in Action: Policy and Applications

5. Externalities, Environmental Policy, and Public Goods

6. Elasticity: The Responsiveness of Demand and Supply

7. The Economics of Health Care



Part 3: Firms in the Domestic and International Economies

8. Firms, the Stock Market, and Corporate Governance

Appendix: Tools to Analyze Firms' Financial Information

9. Comparative Advantage and the Gains from International Trade



Part 4: Microeconomic Foundations: Consumers and Firms

10. Consumer Choice and Behavioral Economics

Appendix: Using Indifference Curves and Budget Lines to Understand Consumer Behavior

11: Technology, Production, and Costs

Appendix: Using Isoquants and Isocost Lines to Understand Production and Cost



Part 5: Market Structure and Firm Strategy

12. Firms in Perfectly Competitive Markets

13. Monopolistic Competition: The Competitive Model in a More Realistic Setting

14. Oligopoly: Firms in Less Competitive Markets

15. Monopoly and Antitrust Policy

16. Pricing Strategy



Part 6: Labor Markets, Public Choice, and the Distribution of Income

17. The Markets for Labor and Other Factors of Production

18. Public Choice, Taxes, and the Distribution of Income



Part 7: Macroeconomic Foundations and Long-Run Growth

19. GDP: Measuring Total Production and Income

20. Unemployment and Inflation

21. Economic Growth, the Financial System, and Business Cycles

22. Long-Run Economic Growth: Sources and Policies



Part 8: Short-Run Fluctuations

23. Aggregate Expenditure and Output in the Short Run

Appendix: The Algebra of Macroeconomic Equilibrium

24. Aggregate Demand and Aggregate Supply Analysis

Appendix: Macroeconomic Schools of Thought



Part 9: Monetary and Fiscal Policy

25: Money, Banks, and the Federal Reserve System

26: Monetary Policy

27: Fiscal Policy

Appendix: A Closer Look at the Multiplier

28: Inflation, Unemployment, and Federal Reserve Policy



Part 10: The International Economy

29: Macroeconomics in an Open Economy

30: The International Financial System

Appendix: The Gold Standard and the Bretton Woods System