PART ONE: An Introduction to Economics and the Economy 1 The Nature and Method of Economics 2 The Economizing Problem 3 Individual Markets: Demand and Supply 4 The Market System 5 The U.S. Economy: Private and Public Sectors 6 The United States in the Global Economy PART TWO: Macroeconomic Measurement and Basic Concepts 7 Measuring Domestic Output and National Income 8 Introduction to Economic Growth and Instability 9 Basic Macroeconomic Relationships PART THREE: Macroeconomic Models and Fiscal Policy 10 The Aggregate Expenditures Model 11 Aggregate Demand and Aggregate Supply 12 Fiscal Policy PART FOUR: Money, Banking, and Monetary Policy 13 Money and Banking 14 How Banks and Thrifts Create Money 15 Monetary Policy PART FIVE: Long-Run Perspectives and Macroeconomic Debates 16 Extending the Analysis of Aggregate Supply 17 Economic Growth 18 Deficits, Surpluses, and the Public Debt 19 Disputes over Macro Theory and Policy PART SIX: Microeconomics of Product Markets 20 Elasticity of Demand and Supply 21 Consumer Behavior and Utility Maximization 22 The Costs of Production 23 Pure Competition 24 Pure Monopoly 25 Monopolistic Competition and Oligopoly 26 Technology, R&D, and Efficiency PART SEVEN: Microeconomics of Resource Markets 27 The Demand for Resources 28 Wage Determination 29 Rent, Interest, and Profit PART EIGHT: Microeconomics of Government 30 Government and Market Failure 31 Public Choice Theory and the Economics of Taxation PART NINE: Microeconomic Issues and Policies 32 Antitrust Policy and Regulation 33 Agriculture: Economics and Policy 34 Income Inequality and Poverty 35 Labor Market Institutions and Issues: Unionism, Discrimination, Immigration 36 The Economics of Health Care PART TEN: International Economics and the World Economy 37 International Trade 38 Exchange Rates, the Balance of Payments, and Trade Deficits 39W The Economics of Developing Countries 40W Transition Economies: Russia and China