1. Introduction
1. Economics: An Overview
2. Tables and Graphs: Their Use in Economics
3. The Allocation of Resources and the Price System
4. Growth of the U.S. Economy
5. Supply and Demand and the Operation of Markets
6. The Price System and Centrally Planned Economic Systems
2. Macroeconomics
7. Macroeconomics and the Economy
8. The Gross National Product
9. A Model of the Macroeconomy
10. An Expansion of the Circular Flow Model
11. The Government Sector and Fiscal Policy
12. Fiscal Policy and Economic Stabilization
13. Money and Banking
14. The Instruments of Monetary Policy
15. Economic Fluctuations and Their Control
16. Aggregate Demand and Inflation
17. International Trade
18. Fixed or Flexible Exchange Rates
19. Controls on International Rrade
20. Technology and Economic Growth
3. Microeconomics
21. Supply and Demand Analysis
22. Elasticity
23. The Economics of the Consumer
24. The Business of Business
25. The Laws of Production
26. The Costs of the Firm
27. Profit Maximization, the Competitive Firm, and the Competitive Industry
28. Monopoly
29. Oligopoly and Monopolistic Competition
30. Marginal Productivity and the Markets for Inputs
31. Unions and the Labor Market
32. Regulation and the Economic System
Glossary
Index
