Part 1: What Is Economics?

Introduction An Engine for Growth and Discovery

Chapter 1 First Principles

Chapter 2 Economic Models: Trade-offs and Trade

Appendix: Graphs in Economics

Part 2: Supply and Demand

Chapter 3 Supply and Demand

Chapter 4 Price Controls and Quotas: Meddling with Markets

Chapter 5 International Trade

Appendix: Consumer and Producer surplus

Part 3: Introduction to Macroeconomics

Chapter 6 Macroeconomics: The Big Picture

Chapter 7 GDP and CPI: Tracking the Macroeconomy

Chapter 8 Unemployment and Inflation

Part 4: Long-Run Economic Growth

Chapter 9 Long-Run Economic Growth

Chapter 10 Savings, Investment Spending, and the Financial System

Appendix: Toward a Fuller Understanding of Present Value

Part 5: Short-Run Economic Foundations

Chapter 11 Income and Expenditure

Appendix: Deriving the Multiplier Algebraically

Chapter 12 Aggregate Demand and Aggregate Supply

Part 6: Stablization Policy

Chapter 13 Fiscal Policy

Appendix: Taxes and the Multiplier

Chapter 14 Money, Banking and the Federal Reserve System

Chapter 15 Monetary Policy

Appendix: Reconciling the Two Models of Interest Rate

Chapter 16 Inflation, Disinflation, and Deflation

Part 7: Events and Ideas

Chapter 17 Macroeconomics: Events and Ideas

Part 8: The International Economy

Chapter 18 International Macroeconomics

Macroeconomic Data Tables

Solutions to Check Your Understanding Questions

Glossary

Index