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Chapter 1: Principles of Economics
- The Study of Economics
- Individual Decision Making
- Interaction of Individuals, Firms, and Societies
- Basic Economic Questions
- Economic Models
- Differences Between Macroeconomics and Microeconomics
Chapter 2: The Market System
- Introducing the Market System
Chapter 3: Introducing Supply and Demand
- Demand
- Supply
- Market Equilibrium
- Government Intervention and Disequilibrium
Chapter 4: Economic Surplus
- Consumer Surplus
- Producer Surplus
Chapter 5: Consumer Choice and Utility
- The Demand Curve and Utility
- Theory of Consumer Choice
Chapter 6: Elasticity and its Implications
- Price Elasticity of Demand
- Other Demand Elasticities
- Price Elasticity of Supply
Chapter 7: Market Failure: Externalities
- Introducing Market Failure
- Externalities in Depth
- Government Policy Options
- Private Solutions
Chapter 8: Market Failure: Public Goods and Common Resources
- Public Goods
- Common Resources
Chapter 9: Production
- The Production Function
- Production Cost
- Economic Profit
Chapter 10: Competitive Markets
- Perfect Competition
- Production Decisions in Perfect Competition
- Long-Run Outcomes
Chapter 11: Monopoly
- Introduction to Monopoly
- Barriers to Entry: Reasons for Monopolies to Exist
- Monopoly Production and Pricing Decisions
- and Profit Outcome
- Impacts of Monopoly on Efficiency
- Price Discrimination
- Monopoly in Public Policy
Chapter 12: Monopolistic Competition
- Monopolistic Competition
Chapter 13: Oligopoly
- Prerequisites of Oligopoly
- Oligopoly in Practice
Chapter 14: Inputs to Production: Labor, Natural Resources, and Technology
- Demand for Labor
- Labor Market Equilibrium and Wage Determinants
- Income Distribution
- Capital and Natural Resource Markets
- Capital, Productivity, and Technology
Chapter 15: Challenges to Efficient Outcomes
- Sources of Inefficiency
Chapter 16: Taxes and Public Finance
- Introduction to Taxes
- Deploying and Measuring Taxes
- Progressive, Proportional, and Regressive Taxes
- Taxation in the United States
- Personal, Property, and Sales Taxes
Chapter 17: Income Inequality and Poverty
- Defining and Measuring Inequality, Mobility, and Poverty
- Policies for Reducing Poverty
Chapter 18: Introduction to Macroeconomics
- Key Topics in Macroeconomics
Chapter 19: Measuring Output and Income
- Measuring Output Using GDP
- Other Measures of Output
- Comparing Real and Nominal GDP
- Cost of Living
Chapter 20: Economic Growth
- Comparing Economies
- Assessing Growth
- Productivity
- Long-Run Growth
- The Impact of Policy on Growth
Chapter 21: Inflation
- Defining, Measuring, and Assessing Inflation
Chapter 22: Unemployment
- Introduction to Unemployment
- Measuring Unemployment
- Understanding Unemployment
Chapter 23: Inflation and Unemployment
- The Relationship Between
- Inflation and Unemployment
Chapter 24: Aggregate Demand and Supply
- Introducing Aggregate Expenditure
- Introducing Aggregate Demand and Aggregate Supply
- Aggregate Demand
- Aggregate Supply
- The Aggregate Demand-Supply Model
Chapter 25: Major Macroeconomic Theories
- Major Theories in Macroeconomics
Chapter 26: Fiscal Policy
- Introduction to Fiscal Policy
- Evaluating Fiscal Policy
Chapter 27: The Monetary System
- Introducing Money
- Introducing the Federal Reserve
- Creating Money
Chapter 28: Monetary Policy
- Introduction to Monetary Policy
- Monetary Policy Tools
- Impacts of Federal Reserve Policies
- Historical Federal Reserve Policies
Chapter 29: The Financial System
- Introducing the Financial System
- Tools of Finance
Chapter 30: Current Topics in Macroeconomics
- Questions for Debate
Chapter 31: International Trade
- Introduction to International Trade
- Gains from Trade
- The United States in the Global Economy
- Barriers to Trade
- Arguments for and Against Protectionist Policy
Chapter 32: Open Economy Macroeconomics
- Capital Flows
- Exchange Rates
- Equilibrium
Chapter 33: Economic Crises
- Fundamentals of Banking Crises
- The 2007-2009 Crisis
Chapter 34: Interest and Profit
- Interest
Chapter 35: Health Care Economics
- Introducing Health Care Economics
Chapter 36: Natural Resource Economics
- Introduction to Natural Resource Economics
Chapter 37: Agriculture Economics
- Introduction to the Agriculture Economics
Chapter 38: Immigration Economics
- Introduction to Immigration Economics