Preface
Acknowledgments
I. The economic way of thinking - An introduction
1. The Economic Approach
2. Some Tools of the Economist
3. Market Decisions and the Market Process
4. A Bird`s-Eye View of the Public Sector
5. Taxes and Government Spending
II. Macroeconomics
6. Taking the Nation`s Economic Pulse
7. Unemployment, Inflation, and Business Cycles
8. Aggregate Equilibrium and a Simple Keynesian Model
9. The Multiplier, Accelerator, and a Keynesian View of the Business Cycle
10. Fiscal Policy
11. Money and the Banking System
12. Money, Employment, Inflation, and a More Complete Keynesian Model
13. The Business Cycle and Inflation - The Monetarist View
14. The Monetarist View of Macropolicy
15. Dealing with Unemployment and Inflation
III. International Economics
16. Gaining from International Trade
17. International Finance and Balance of Payments
18. Comparative Economic Systems
IV. Public Choice
19. Problem Areas for the Market
20. Public Choice and Gaining from Government
21. The Economics of Government Fallure
Appendix A. A Graphic Look at Economics
Appendix B. Analyzing the Equilibrium Level of Income with Equations
Appendix C. Analyzing Aggregate Equilibrium with the IS-LM Model Suggestions for Additional Reading
Hints for Answering Discussion Questions
Index
