Economics: A Tool for Critically Understanding Society, 8th Edition

I. ECONOMICS AS A TOOL FOR CRITICAL THINKING IN A CHANGING GLOBAL ECONOMY
1. Economics as a Social Science
2. Exploring the Emerging Global Economy

II. ECONOMIC HISTORY AND THE DEVELOPMENT OF MODERN ECONOMIC THOUGHT
3. The Evolution of Economic Systems
4. Adam Smith, Classical Liberalism, and the Division of Labor
5. Karl Marx and the Socialist Critique of Capitalism

6. The Rise and Fall of Laissez-Faire in the U.S. Economy

III. MICROECONOMICS
7. Scarcity: “You Can't Always Get What You Want”
8. The Theory of Markets
9. Perfect Competition and Efficiency
10. Noncompetitive Markets and Inefficiency
11. Resource Markets and the Distribution of Income
12. Corporations and Labor Unions
13. The Economic Role of Government

IV. MACROECONOMICS
14. Macroeconomics: Issues and Problems
15. Macroeconomic Theory: Classical and Keynesian Models
16. Fiscal Policy: Government Spending and Taxation
17. Financial Markets, Money, and Monetary Policy
18. Aggregate Demand and Aggregate Supply
19. Unemployment, Inflation, and Stabilization Policy in a Global Economy

V. INTERNATIONAL ECONOMICS AND FINANCE
20. International Trade and Interdependence
21. International Finance
22. The Economics of Developing Nations
23. Economies in Transition