Part 1. An Introduction to Economics and the Economy. 1. The Nature and Method of Economics. 2. The Economizing Problem. 3. Individual Markets: Supply and Demand. 4. The Market System. 5. The U.S. Economy: Private and Public Sectors. 6. The United States in the Global Economy. Part 2. National Income, Employment and Fiscal Policy. 7. Measuring Domestic Output, National Income and the Price Level. 8. Introduction to Economic Growth, Unemployment and Inflation. 9. Building the Aggregate Expenditures Model. 10. Aggregate Expenditures: The Multiplier, Net Exports and Government. 11. Aggregate Demand and Aggregate Supply. 12. Fiscal Policy. Part 3. Money, Banking and Monetary Policy. 13. Money and Banking. 14. How Banks and Thrifts Create Money. 15. Monetary Policy. Part 4. Long-run Perspectives and Macroeconomic Debates. 16. Extending the Analysis of Aggregate Supply. 17. Economic Growth and the New Economy. 18. Deficits, Surpluses, and the Public Debt. 19. Disputes over Macro Theory and Policy. Part 5. Microeconomics of Product Markets. 20. Demand and Supply: Elasticity and Government-Set Prices. 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 6. Microeconomics of Resource Markets. 27. The Demand for Resources. 28. Wage Determination. 29. Rent, Interest and Profits. Part 7. Microeconomics of Government. 30. Government and Market Failure. 31. Public Choice Theory and the Economics of Taxation. Part 8. Microeconomic Issues and Policies. 32. Antitrust, Regulation, and Industrial Policy. 33. Agriculture: Economics and Policy. 34. Income Inequality and Poverty. 35. Labor Market Issues: Unionism, Discrimination, Immigration. 36. The Economics of Health Care. Part 9. International Economics and the World Economy. 37. International Trade. 38. Exchange Rates, Balance of Payments, and Trade Deficits. 39. The Developing Economies. Transitional Economies: Russia and China [Internet-Only chapter].