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