Principles of Economics

Abstract

Chapter 1: Economics: The Study of Choice. Chapter 2: Confronting Scarcity: Choices in Production. Chapter 3: Demand and Supply. Chapter 4: Applications of Demand and Supply. Chapter 5: Elasticity: A Measure of Response. Chapter 6: Markets, Maximizers, and Efficiency. Chapter 7: The Analysis of Consumer Choice. Chapter 8: Production and Cost. Chapter 9: Competitive Markets for Goods and Services. Chapter 10: Monopoly. Chapter 11: The World of Imperfect Competition. Chapter 12: Wages and Employment in Perfect Competition. Chapter 13: Interest Rates and the Markets for Capital and Natural Resources. Chapter 14: Imperfectly Competitive Markets for Factors of Production. Chapter 15: Public Finance and Public Choice. Chapter 16: Antitrust Policy and Business Regulation. Chapter 17: International Trade. Chapter 18: The Economics of the Environment. Chapter 19: Inequality, Poverty, and Discrimination. Chapter 20: Macroeconomics: The Big Picture. Chapter 21: Measuring Total Output and Income. Chapter 22: Aggregate Demand and Aggregate Supply. Chapter 23: Economic Growth. Chapter 24: The Nature and Creation of Money. Chapter 25: Financial Markets and the Economy. Chapter 26: Monetary Policy and the Fed. Chapter 27: Government and Fiscal Policy. Chapter 28: Consumption and the Aggregate Expenditures Model. Chapter 29: Investment and Economic Activity. Chapter 30: Net Exports and International Finance. Chapter 31: Inflation and Unemployment. Chapter 32: A Brief History of Macroeconomic Thought and Policy. Chapter 33: Economic Development. Chapter 34: Socialist Economies in Transition.