Part I Introduction

1: Five Foundations of Economics

2: Model Building and Gains from Trade

Appendix 2A: Graphs in Economics

3: The Market at Work: Supply and Demand

Appendix 3A: Changes in Both Demand and Supply

4: Market Outcomes and Tax Incidence

Appendix 4A: Price Elasticity of Demand and Supply

5: Price Controls

 

Part II Macroeconomic Basics

6: Introduction to Macroeconomics and Gross Domestic Product

7: Unemployment

8: The Price Level and Inflation

9: Savings, Interest Rates, and the Market for Loanable Funds

10: Financial Markets and Securities

 

Part III The Long and Short of Macroeconomics

11: Economic Growth and the Wealth of Nations

12: Growth Theory

13: The Aggregate Demand–Aggregate Supply Model

14: Recessions, Expansions, and the Debate over How to Manage Them

Appendix 14A: The Aggregate Expenditures Model

 

Part IV Fiscal Policy

15: Federal Budgets: The Tools of Fiscal Policy

16: Fiscal Policy

 

Part V Monetary Policy

17: Money and the Federal Reserve

18: Monetary Policy

 

Part VI International Economics

19: International Trade

20. International Finance