Principles of Economics

PART 1: INTRODUCTION 1 Ten Principles of Economics 2 Thinking Like an Economist 3 Interdependence and the Gains from Trade PART 2: HOW MARKETS WORK 4 The Market Forces of Supply and Demand 5 Elasticity and Its Application 6 Supply, Demand, and Government Policies PART 3: MARKETS AND WELFARE 7 Consumers, Producers, and the Efficiency of Markets 8 Application: The Costs of Taxation 9 Application: International Trade PART 4: THE ECONOMICS OF THE PUBLIC SECTOR 10 Externalities 11 Public Goods and Common Resources 12 The Design of the Tax System PART 5: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY 13 The Costs of Production 14 Firms in Competitive Markets 15 Monopoly 16 Monopolistic Competition 17 Oligopoly PART 6: THE ECONOMICS OF LABOR MARKETS 18 The Markets for the Factors of Production 19 Earnings and Discrimination 20 Income Inequality and Poverty PART 7: TOPICS FOR FURTHER STUDY 21 The Theory of Consumer Choice 22 Frontiers of Microeconomics PART 8: THE DATA OF MACROECONOMICS 23 Measuring a Nation's Income 24 Measuring the Cost of Living PART 9: THE REAL ECONOMY IN THE LONG RUN 25 Production and Growth 26 Saving, Investment, and the Financial System 27 The Basic Tools of Finance 28 Islamic Finance 29 Unemployment PART 10: MONEY AND PRICES IN THE LONG RUN 30 The Monetary System 31 Money Growth and Inflation PART 11: THE MACROECONOMICS OF OPEN ECONOMIES 32 Open-Economy Macroeconomics: Basic Concepts 33 A Macroeconomic Theory of the Open Economy PART 12: SHORT-RUN ECONOMIC FLUCTUATIONS 34 Aggregate Demand and Aggregate Supply 35 The Influence of Monetary and Fiscal Policy on Aggregate Demand 36 The Short-Run Trade-off Between Inflation and Unemployment PART 13: FINAL THOUGHTS 37 Six Debates Over Macroeconomic Policy