Principles of Economics, A Streamlined Approach

PART 1 Introduction

1 Thinking Like an Economist

2 Supply and Demand

3 A Brief Look at Macroeconomics

PART 2 Competition and the Invisible Hand

4 Demand and Elasticity

5 Perfectly Competitive Supply

6 Efficiency, Exchange, and the Invisible Hand in Action

PART 3 Market Imperfections

7 Monopoly, Oligopoly, and Monopolistic Competition

8 Games and Strategic Behavior

9 Externalities and Property Rights

PART 4 Economics of Public Policy

10 Using Economics to Make Better Policy Choices

PART 5 International Trade

11 International Trade and Trade Policy

PART 6 Macroeconomics: Issues and Data

12 Macroeconomics: The Bird’s-eye View of the Economy

13 Measuring Economic Activity: GDP, Unemployment, and Inflation

PART 7 The Economy in the Long Run

14 Economic Growth, Productivity, and Living Standards

15 The Labor Market: Workers, Wages, and Unemployment

16 Saving and Capital Formation

17 Money, the Federal Reserve, and Global Financial Markets

PART 8 The Economy in the Short Run

18 Short-Term Economic Fluctuations and Fiscal Policy

19 Stabilizing the Economy: The Role of the Fed

20 Inflation and Aggregate Supply

PART 9 The International Economy

21 Exchange Rates and the Open Economy

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