Economics: Principles, Applications, and Tools, Global Edition

I Introduction and Key Principles



1 Introduction: What Is Economics?
2 The Key Principles of Economics
3 Exchange and Markets
4 Demand, Supply, and Market Equilibrium

II The Basic Concepts in Macroeconomics



5 Measuring a Nation's Production and Income
6 Unemployment and Inflation

III The Economy in the Long Run



7 The Economy at Full Employment
8 Why Do Economies Grow?

IV Economic Fluctuations and Fiscal Policy



9 Aggregate Demand and Aggregate Supply
10 Fiscal Policy
11 The Income--Expenditure Model
12 Investment and Financial Markets

V Money, Banking, and Monetary Policy



13 Money and the Banking System
14 The Federal Reserve and Monetary Policy

VI Inflation, Unemployment, and Economic Policy



15 Modern Macroeconomics: From the Short Run to the Long Run
16 The Dynamics of Inflation and Unemployment
17 Macroeconomic Policy Debates

VII The International Economy



18 International Trade and Public Policy
19 The World of International Finance

VIII A Closer Look at Demand and Supply



20 Elasticity: A Measure of Responsiveness
21 Market Efficiency and Government Intervention
22 Consumer Choice: Utility Theory and Insights from Neuroscience

IX Market Structures and Pricing



23 Production Technology and Cost
24 Perfect Competition
25 Monopoly and Price Discrimination
26 Market Entry and Monopolistic Competition
27 Oligopoly and Strategic Behavior
28 Controlling Market Power: Antitrust and Regulation

X Externalities and Information



29 Imperfect Information: Adverse Selection and Moral Hazard
30 Public Goods and Public Choice
31 External Costs and Environmental Policy

XI The Labor Market and Income Distribution



32 The Labor Market and the Distribution of Income