Description

PART 1 What Is Economics?
Intro The Ordinary Business of Life
1 First Principles
2 Economic Models: Trade-offs and Trade
2 Appendix Graphs in Economics

PART 2 Supply and Demand
3 Supply and Demand
4 Price Controls and Quotas: Meddling with Markets
5 International Trade
5 Appendix Consumer and Producer Surplus

PART 3 Introduction to Macroeconomics
6 Macroeconomics: The Big Picture
7 GDP and CPI: Tracking the Macroeconomy
8 Unemployment and Inflation
PART 4 Long-Run Economic Growth
9 Long-Run Economic Growth
10 Savings, Investment Spending, and the Financial System
Appendix Toward A Fuller Understanding of Present Value

PART 5 Short-Run Economic Fluctuations
11 Income and Expenditure
Appendix Deriving the Multiplier Algebraically
12 Aggregate Demand and Aggregate Supply
PART 6 Stabilization Policy
13 Fiscal Policy
Appendix Taxes and the Multiplier
14 Money, Banking, and the Federal Reserve System
15 Monetary Policy
Appendix Reconciling the Two Models of the Interest Rate
16 Inflation, Disinflation, and Deflation
17 Crises and Consequences

PART 7 Events and Ideas
18 Events and Ideas
PART 8 The Open Economy
19 Open-Economy Macroeconomics