Principles of Economics

PART I: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. PART II: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. PART III: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Applications: The Costs of Taxation. 9. Application: International Trade. PART IV: THE ECONOMICS OF THE PUBLIC SECTOR. 10. Externalities. 11. Public Goods and Common Resources. 12. The Design of the Tax System. PART V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY. 13. The Costs of Production. 14. Firms in Competitive Markets. 15. Monopoly. 16. Monopolistic Competition. 17. Oligopoly. PART VI: THE ECONOMICS OF THE LABOR MARKET. 18. The Markets for the Factors of Production. 19. Earnings and Discrimination. 20. Income Inequality and Poverty. PART VII: TOPICS FOR FURTHER STUDY. 21. The Theory of Consumer Choice. 22. Frontiers in Microeconomics. PART VIII: THE DATA OF MACROECONOMICS. 23. Measuring a Nation's Income. 24. Measuring the Cost of Living. PART IX: THE REAL ECONOMY IN THE LONG RUN. 25. Production and Growth. 26. Saving, Investment, and the Financial System. 27. Tools of Finance. 28. Unemployment and Its Natural Rate. PART X: MONEY AND PRICES IN THE LONG RUN. 29. The Monetary System. 30. Money Growth and Inflation. PART XI: THE MACROECONOMICS OF OPEN ECONOMICS. 31. Open-Economy Macroeconomics: Basic Concepts. 32. A Macroeconomic Theory of the Open Economy. PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS. 33. Aggregate Demand and Aggregate Supply. 34. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 35. The Short-Run Tradeoff between Inflation and Unemployment. PART XIII: FINAL THOUGHTS. 36. Six Debates over Macroeconomic Policy.

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