(NOTE: Each chapter contains Learning Objectives, a Summary, Key Terms, a 20 question Test Yourself section, at least 15 Questions and Problems, and for new exercises Working with Graphs and Data.)

I. A JOURNEY THROUGH THE ECONOMY.

1. The Economic Perspective.

2. Production and Trade.

3. Demand and Supply.

4. The Power of Prices.

II. MONITORING THE MACRO ECONOMY.

5. Measuring National Output.

5. Unemployment.

7. Inflation.

III. AGGREGATE SUPPLY AND AGGREGATE DEMAND.

8. A Framework for Macroeconomic Analysis.

9. Fiscal Policy and Short-Run Instability.

10. Aggregate Expenditures.

IV. INCENTIVES FOR PRODUCTIVITY.

11. Fiscal Policy in Action.

12. Economic Growth.

V. MONEY AND MONETARY POLICY.

13. Money, Banking, and the Federal Reserve.

14. Monetary Policy and Price Stability.

VI. MICROECONOMIC FOUNDATIONS.

15. Elasticity: Measuring Responsiveness.

16. Consumer Behavior.

17. The Firm and Production.

18. Costs and Profit-Maximizing Output.

VII. OUTPUT MARKETS.

19. Pure Competition.

20. Monopoly and Antitrust.

21. Oligopoly and Monopolistic Competition.

VIII. INPUT MARKETS.

22. Markets for Labor and Other Inputs.

23. Earnings and Income Distribution.

IX. MARKET FAILURE AND GOVERNMENT ACTION.

24. Public Goods, Information, and Regulation.

25. Externalities and Common Property Resources.

26. Public Choice.

X. THE GLOBAL ECONOMY.

27. Into the International Marketplace.

28. Policy Toward Trade.

29. Economic Development.

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