Intro: The Ordinary Business of Life
PART I: WHAT IS ECONOMICS?
First Principles
Economic Models: Trade-offs and Trade
Appendix: Graphs in Economics
PART II: SUPPLY AND DEMAND
Supply and Demand
Consumer and Producer Surplus
The Market Strikes Back
Elasticity
PART III: INDIVIDUALS AND MARKETS
Taxes
International Trade
PART IV: ECONOMICS AND DECISION MAKING
Making Decisions
PART V: THE CONSUMER
Rational Consumer
Consumer Preferences and Consumer Choice
PART VI: THE PRODUCTION DECISION
Behind the Supply Curve: Inputs and Costs
Perfect Competition and Supply Curve
PART VII: MARKET STRUCTURE: BEYOND PERFECT COMPETITION
Monopoly
Oligopoly
Monopolistic Competition and Product Differentiation
PART VIII: MICROECONOMICS AND PUBLIC POLICY
Externalities
Public Goods and Common Resources
Economics of the Welfare State
PART IX FACTOR MARKETS AND RISK
Factor Markets and the Distribution of Income
Appendix: Indifference Curve Analysis of Labour Supply
Uncertainty, Risk and Private Information
PART X: INTRODUCTION TO MACROECONOMICS
Macroeconomics: The Big Picture
Tracking the Macroeconomy
Unemployment and Inflation
PART XI: LONG-RUN ECONOMIC GROWTH
Long-Run Economic Growth
Savings, Investment Spending, and the Financial System
PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS
Income and Expenditure
Appendix: Deriving the Multiplier Algebraically
Aggregate Demand and Aggregate Supply
PART XIII: STABILIZATION POLICY
Fiscal Policy
Appendix: Taxes and the Multiplier
Money, Banking, and the Federal Reserve System
Monetary Policy
Appendix: Reconciling Two Models of the Interest Rate
Inflation, Disinflation, and Deflation
PART XIV: EVENTS AND IDEAS
Macroeconomics: Events and Ideas
PART XV: THE OPEN ECONOMY
Open-Economy Macroeconomics
