Essentials of Economics

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PART ONE: Introduction

1 Limits, Alternatives, and Choices

2 The Market System and the Circular Flow

PART TWO: Price, Quantity, and Efficiency

3 Demand, Supply, and Market Equilibrium

4 Elasticity of Demand and Supply

5 Market Failures: Public Goods and Externalities

PART THREE: Product Markets

6 Businesses and Their Costs

7 Pure Competition

8 Pure Monopoly

9 Monopolistic Competition and Oligopoly

Web Chapter A: Wage Determination

Web Chapter B: Income Inequality and Poverty

PART FOUR: GDP, Growth and Instability

10 GDP and Economic Growth

11 Business Cycles, Unemployment, and Inflation

12 Aggregate Demand and Aggregate Supply

13 Fiscal Policy, Deficits, and Debt

PART FIVE: Money, Banking, and Monetary Policy

14 Money, Banking, and Financial Institutions

15 Interest Rates and Monetary Policy

PART SIX: International Economics

16 International Trade and Exchange Rates

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