I. INTRODUCTION AND KEY PRINCIPLES1. Introduction: What is Economics?2. Key Principles of Economics3. Exchange and Markets4. Demand, Supply, and Market Equilibrium II. THE BASIC CONCEPTS IN MACROECONOMICS5. Measuring a Nation's Production and Income6. Unemployment and Inflation III. THE ECONOMY IN THE LONG RUN7. The Economy at Full Employment8. Why Do Economies Grow? IV. ECONOMIC FLUCTUATIONS AND FISCAL POLICY 9. Aggregate Demand and Aggregate Supply10. Fiscal Policy11. The Income Expenditure Model12. Investment and Financial Markets V. MONEY, BANKING, AND MONETARY POLICY13. Money and the Banking System14. The Federal Reserve and Monetary Policy VI. INFLATION, UNEMPLOYMENT, AND ECONOMIC POLICY15. Modern Macroeconomics: From the Short Run to the Long Run16. The Dynamics of Inflation and Unemployment17. Macroeconomic Policy Debates VII. THE INTERNATIONAL ECONOMY18. International Trade and Public Policy19. The World of International Finance VIII. A CLOSER LOOK AT DEMAND AND SUPPLY20. Elasticity: A Measure of Responsiveness21. Market Efficiency and Government Intervention22.Consumer Choice: Utility Theory and Insights from Neuroscience IX. MARKET STRUCTURES AND PRICING23. Production Technology and Cost24. Perfect Competition25. Monopoly and Price Discrimination26. Market Entry and Monopolistic Competition27. Oligopoly and Strategic Behavior28. Controlling Market Power: Antitrust and Regulation X. EXTERNALITIES AND INFORMATION29. Imperfect Information: Adverse Selection and Moral Hazard30. Public Goods and Public Choice31. External Costs and Environmental Policy