PART 1: INTRODUCTION What is Economics?The Economic ProblemPART 2: HOW MARKETS WORK Demand and SupplyElasticityEfficiency And EquityGovernment Actions in MarketsGlobal Markets in ActionPART 3: HOUSEHOLDS' CHOICES Utility and DemandPossibilities, Preferences, and ChoicesPART 4: FIRMS AND MARKETS Organizing ProductionOutput and CostsPerfect CompetitionMonopolyMonopolistic CompetitionOligopolyPART 5: MARKET FAILURE AND GOVERNMENT Public Choices, Public Goods, and HealthcareExternalitiesPART 6: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY Markets for Factors of ProductionEconomic InequalityUncertainty and InformationPART 7: MONITORING MACROECONOMIC PERFORMANCE Monitoring the Value of Production: GDPMonitoring Jobs and InflationPART 8: MACROECONOMIC TRENDS Economic GrowthFinance, Saving, and InvestmentMoney, the Price Level, and InflationThe Exchange Rate and the Balance of PaymentsPART 9: MACROECONOMIC FLUCTUATIONS Aggregate Supply and Aggregate DemandExpenditure MultipliersThe Business Cycle, Inflation, and DeflationPART 10: MACROECONOMIC POLICY Fiscal PolicyMonetary Policy
