I. Introduction 1. Getting Started 2. The U.S. and Global Economies 3. The Economic Problem 4. Demand and Supply II. A Closer Look at Markets 5. Elasticities of Demand and Supply 6. Efficiency and Fairness of Markets III. How Governments Influence the Economy 7. Government Actions in Markets 8. Taxes 9. Global Markets in Action IV. Market Failure and Public Policy 10. Externalities 11. Public Goods and Common Resources 12. Markets with Private Information V. A Closer Look at Decision Makers 13. Consumer Choice and Demand 14 Production and Cost VI. Prices, Profits, and Industry Performance 15 Perfect Competition 16 Monopoly 17 Monopolistic Competition 18 Oligopoly VII. Incomes and Inequality 19 Markets for Factors of Production 20 Economic Inequality VIII. Monitoring the Macroeconomy 21. GDP: A Measure of Total Production and Income 22. Jobs and Unemployment 23. The CPI and the Cost of Living IX. The Real Economy 24. Potential GDP and the Natural Unemployment Rate 25. Economic Growth 26. Finance, Saving, and Investment X. The Money Economy 27. The Monetary System 28. Money, Interest, and Inflation XI. Economic Fluctuations 29. Aggregate Supply and Aggregate Demand 30. Aggregate Expenditure Multiplier 31. The Short-Run Policy Tradeoff XII. Macroeconomic Policy 32. Fiscal Policy 33. Monetary Policy 34. International Finance