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Principles of Economics

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Contents

Preface
Chapter 1 Welcome to Economics!
Chapter 2 Choice in a World of Scarcity
Chapter 3 Demand and Supply
Chapter 4 Labor and Financial Markets
Chapter 5 Elasticity
Chapter 6 Consumer Choices
Chapter 7 Production, Costs, and Industry Structure
Chapter 8 Perfect Competition
Chapter 9 Monopoly
Chapter 10 Monopolistic Competition and Oligopoly
Chapter 11 Monopoly and Antitrust Policy
Chapter 12 Environmental Protection and Negative Externalities
Chapter 13 Positive Externalities and Public Goods
Chapter 14 Labor Markets and Income
Chapter 15 Poverty and Economic Inequality
Chapter 16 Information, Risk, and Insurance
Chapter 17 Financial Markets
Chapter 18 Public Economy
Chapter 19 The Macroeconomic Perspective
Chapter 20 Economic Growth
Chapter 21 Unemployment
Chapter 22 Inflation
Chapter 23 The International Trade and Capital Flows
Chapter 24 The Aggregate Demand/Aggregate Supply Model
Chapter 25 The Keynesian Perspective
Chapter 26 The Neoclassical Perspective
Chapter 27 Money and Banking
Chapter 28 Monetary Policy and Bank Regulation
Chapter 29 Exchange Rates and International Capital Flows
Chapter 30 Government Budgets and Fiscal Policy
Chapter 31 The Impacts of Government Borrowing
Chapter 32 Macroeconomic Policy Around the World
Chapter 33 International Trade
Chapter 34 Globalization and Protectionism
Appendix A The Use of Mathematics in Principles of Economics
Appendix B Indifference Curves
Appendix C Present Discounted Value
Appendix D The Expenditure-Output Model
Appendix E How Open Market Operations Affect Balance Sheets in a Limited Reserves Environment
Answer Key
References
Index

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Chapter 1 Welcome to Economics!

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Chapter 1 Welcome to Economics!

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