About our author Roger LeRoy Miller has served on the faculty of several universities, including the University of Washington, Clemson University, and the University of Miami School of Law. As a professor, he has taught intellectual property law and entertainment law, among other subjects. A widely published and respected author, his work has appeared in the Insurance Counsel Journal, Defense Research, California Trial Lawyers Journal, Antitrust Bulletin, Wisconsin Law Review, and Connecticut Law Review. Professor Miller completed his studies at the University of California at Berkeley and University of Chicago.

• PART 1: INTRODUCTION The Nature of EconomicsScarcity and the World of Trade-OffsDemand and SupplyExtensions of Demand and Supply AnalysisPublic Spending and Public ChoiceFunding the Public SectorPART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH The Macroeconomy: Unemployment, Inflation, and DeflationMeasuring the Economy’s PerformanceGlobal Economic Growth and DevelopmentPART 3: REAL GDP DETERMINATION AND FISCAL POLICY Real GDP and the Price Level in the Long RunClassical and Keynesian Macro AnalysesConsumption, Real GDP, and the MultiplierFiscal PolicyDeficit Spending and the Public DebtPART 4: MONEY, STABILIZATION, AND GROWTH Money, Banking, and Central BankingDomestic and International Dimensions of Monetary PolicyStabilization in an Integrated World EconomyPolicies and Prospects for Global Economic GrowthPART 5: DIMENSIONS OF MICROECONOMICS Demand and Supply ElasticityConsumer ChoiceRents, Profits, and the Financial Environment of BusinessPART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION The Firm: Cost and Output DeterminationPerfect CompetitionMonopolyMonopolistic CompetitionOligopoly and Strategic BehaviorRegulation and Antitrust Policy in a Globalized EconomyPART 7: LABOR RESOURCES AND THE ENVIRONMENT The Labor MarketIncome, Poverty, and Health CareEnvironmental EconomicsPART 8: GLOBAL ECONOMICS Comparative Advantage and the Open EconomyExchange Rates and the Balance of Payments

About our author Roger LeRoy Miller has served on the faculty of several universities, including the University of Washington, Clemson University, and the University of Miami School of Law. As a professor, he has taught intellectual property law and entertainment law, among other subjects. A widely published and respected author, his work has appeared in the Insurance Counsel Journal, Defense Research, California Trial Lawyers Journal, Antitrust Bulletin, Wisconsin Law Review, and Connecticut Law Review. Professor Miller completed his studies at the University of California at Berkeley and University of Chicago.

• PART 1: INTRODUCTION The Nature of EconomicsScarcity and the World of Trade-OffsDemand and SupplyExtensions of Demand and Supply AnalysisPublic Spending and Public ChoiceFunding the Public SectorPART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH The Macroeconomy: Unemployment, Inflation, and DeflationMeasuring the Economy’s PerformanceGlobal Economic Growth and DevelopmentPART 3: REAL GDP DETERMINATION AND FISCAL POLICY Real GDP and the Price Level in the Long RunClassical and Keynesian Macro AnalysesConsumption, Real GDP, and the MultiplierFiscal PolicyDeficit Spending and the Public DebtPART 4: MONEY, STABILIZATION, AND GROWTH Money, Banking, and Central BankingDomestic and International Dimensions of Monetary PolicyStabilization in an Integrated World EconomyPolicies and Prospects for Global Economic GrowthPART 5: DIMENSIONS OF MICROECONOMICS Demand and Supply ElasticityConsumer ChoiceRents, Profits, and the Financial Environment of BusinessPART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION The Firm: Cost and Output DeterminationPerfect CompetitionMonopolyMonopolistic CompetitionOligopoly and Strategic BehaviorRegulation and Antitrust Policy in a Globalized EconomyPART 7: LABOR RESOURCES AND THE ENVIRONMENT The Labor MarketIncome, Poverty, and Health CareEnvironmental EconomicsPART 8: GLOBAL ECONOMICS Comparative Advantage and the Open EconomyExchange Rates and the Balance of Payments

About our author Roger LeRoy Miller has served on the faculty of several universities, including the University of Washington, Clemson University, and the University of Miami School of Law. As a professor, he has taught intellectual property law and entertainment law, among other subjects. A widely published and respected author, his work has appeared in the Insurance Counsel Journal, Defense Research, California Trial Lawyers Journal, Antitrust Bulletin, Wisconsin Law Review, and Connecticut Law Review. Professor Miller completed his studies at the University of California at Berkeley and University of Chicago.

• PART 1: INTRODUCTION The Nature of EconomicsScarcity and the World of Trade-OffsDemand and SupplyExtensions of Demand and Supply AnalysisPublic Spending and Public ChoiceFunding the Public SectorPART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH The Macroeconomy: Unemployment, Inflation, and DeflationMeasuring the Economy’s PerformanceGlobal Economic Growth and DevelopmentPART 3: REAL GDP DETERMINATION AND FISCAL POLICY Real GDP and the Price Level in the Long RunClassical and Keynesian Macro AnalysesConsumption, Real GDP, and the MultiplierFiscal PolicyDeficit Spending and the Public DebtPART 4: MONEY, STABILIZATION, AND GROWTH Money, Banking, and Central BankingDomestic and International Dimensions of Monetary PolicyStabilization in an Integrated World EconomyPolicies and Prospects for Global Economic GrowthPART 5: DIMENSIONS OF MICROECONOMICS Demand and Supply ElasticityConsumer ChoiceRents, Profits, and the Financial Environment of BusinessPART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION The Firm: Cost and Output DeterminationPerfect CompetitionMonopolyMonopolistic CompetitionOligopoly and Strategic BehaviorRegulation and Antitrust Policy in a Globalized EconomyPART 7: LABOR RESOURCES AND THE ENVIRONMENT The Labor MarketIncome, Poverty, and Health CareEnvironmental EconomicsPART 8: GLOBAL ECONOMICS Comparative Advantage and the Open EconomyExchange Rates and the Balance of Payments