Economics

Part One Introduction to Economics. Chapter 1 Introduction to Economics. What is Economics? Factors of Production Economic Theory and Policy Tools of the Economist Scarcity, Model Building, and Graphs Macroeconomics and Microeconomics Chapter 2 Economic Decision Making and Economic Systems Scarcity and Society's Basic Economic Decisions Economic Systems and the Three Basic Economic Decisions Traditional or Agrarian Economies Market Economies Planned Economies Mixed Economies Changing Economic Systems The U.S. Economic System Historical Highlights in the Development of the U.S. Economy Chapter 3 Demand, Supply, and Price Determination Demand and Supply Market Demand, Market Supply, and Price Setting Equilibrium Price and Equilibrium Quantity Changes in Demand and Supply Changes in Supply Changes in Equilibrium Price and Quantity Limiting Price Movements Price Elasticity of Demand and Supply Part Two The Macroeconomy Chapter 4 Goals and Problems of the Macroeconomy: Employment, Prices, and Production Unemployment and Full Employment Employment and Unemployment: Measures & Statistics Inflation and Stable Prices Production A Possible Policy Problem Chapter 5 Foundations of the Macroeconomy Changes in Macroeconomic Activity Total Spending and Macroeconomic Activity Macroeconomic Policies Chapter 6 The Role of Government in the Macroeconomy Government Expenditures and Revenues Fiscal Policy Government Budgets The National Debt Chapter 7 Money, Financial Institutions, and the Federal Reserve Money Financial Depository Institutions The Federal Reserve System Recent Trends in the Financial Institutions Chapter 8 Money Creation, Monetary Theory, and Monetary Policy The Money Supply and the Level of Economic Activity Money Creation Excess Reserves, Interest Rates, and the Level of Spending The Federal Reserve and Monetary Policy Chapter 9 Macroeconomic Viewpoints and Models Macroeconomic Model Building Viewpoints and Models Inflation and Unemployment A Final Word on Macroeconomic Viewpoints Part Three The Microeconomy Chapter 10 Households and Businesses: An Overview Overview of Households Overview of Business Chapter 11 Benefits, Costs, and Maximization Balancing Benefits and Costs: The Individual Balancing Benefits and Costs: The Business Social Benefits and Costs Public Choice Chapter 12 Production and the Costs of Production Production Basics Methods of Production Economic Time, Production, and the Costs of Production Chapter 13 Competition and Market Structures Defining a Market The Market Structures Pure Competition Monopolistic Competition Oligopoly Monopoly Market Structures, the Consumer, and Efficiency Chapter 14 Government and the Markets Antitrust Enforcement Government Regulation Chapter 15 Labor Markets, Unions, and the Distribution of Income Labor Markets Modifications of the Labor Demand and Supply Model Labor Unions The Distribution of Income Part Four The International Economy Chapter 16 International Trade An Overview of U.S. International Trade Comparative Advantage and International Trade Free Trade and Protectionism Chapter 17 International Finance Exchanging Currencies International Financial Transactions and Balances Challenges to the International Financial System