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Principles of Economics
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Table of Contents

PART I: ECONOMICS THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Production Possibilities Frontier. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. PART II: MACROECONOMIC FUNDAMENTALS. 6. Macroeconomic Measurements, Part I: Prices and Unemployment. 7. Macroeconomic Measurements, Part II: GDP and Real GDP. PART III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 8. Aggregate Demand and Aggregate Supply. 9. Classical Macroeconomics and the Self-Regulating Economy. 10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11. Fiscal Policy and the Federal Budget. PART IV: MONEY, THE ECONOMY, AND MONETARY POLICY. 12. Money, Banking and the Financial System. 13. The Federal Reserve System. 14. Money and the Economy. 15. Monetary Policy. Appendix C: Bond Prices and Interest Rates. PART V: EXPECTATIONS AND GROWTH. 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, Ideas and Institutions. PART VI: THE FINANCIAL CRISIS OF 2007-2009. 18. The Financial Crisis of 2007-2009. PART VII: GOVERNMENT AND THE ECONOMY. 19. Debates in Macroeconomics Over the Role and Effects of Government. PART IX MICROECONOMIC FUNDAMENTALS. 20. Elasticity. 21. Consumer Choice and Behavioral Economics. Appendix D: Budget Constraint and Indifference Curve Analysis. Part X: Product Markets and Policies. 22. Perfect Competition. 23. Monopoly. 24. Monopolistic Competition, Oligopoly, and Game Theory. 25. Government and Product Markets: Antitrust and Regulation. PART XI: FACTOR MARKETS AND RELATED ISSUES. 26. Factor Markets: With Emphasis on the Labor Market. 27. Wages, Unions, and Labor. 28. The Distribution of Income and Poverty. 29. Interest, Rent, and Profit. PART XII: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 30. Market Failure: Externalities, Public Goods, and Asymmetric Information. 31. Public Choice and Special-Interest-Group Politics. PART XVI: GOVERNMENT AND MARKETS. 32. The Economic Case For and Against Government: Five Topics Considered. PART XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION. 33. International Trade. 34. International Finance. 35. Globalization and International Impacts on the Economy. PART XIV: FINANCIAL MATTERS. 36. Stocks, Bonds, Futures, and Options. PART XV: WEB CHAPTER. 37. Agriculture: Problems, Policies, and Unintended Effects.

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PART I: ECONOMICS THE SCIENCE OF SCARCITY. 1. What Economics Is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Production Possibilities Frontier. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. PART II: MACROECONOMIC FUNDAMENTALS. 6. Macroeconomic Measurements, Part I: Prices and Unemployment. 7. Macroeconomic Measurements, Part II: GDP and Real GDP. PART III: MACROECONOMIC STABILITY, INSTABILITY, AND FISCAL POLICY. 8. Aggregate Demand and Aggregate Supply. 9. Classical Macroeconomics and the Self-Regulating Economy. 10. Keynesian Macroeconomics and Economic Instability: A Critique of the Self-Regulating Economy. 11. Fiscal Policy and the Federal Budget. PART IV: MONEY, THE ECONOMY, AND MONETARY POLICY. 12. Money, Banking and the Financial System. 13. The Federal Reserve System. 14. Money and the Economy. 15. Monetary Policy. Appendix C: Bond Prices and Interest Rates. PART V: EXPECTATIONS AND GROWTH. 16. Expectations Theory and the Economy. 17. Economic Growth: Resources, Technology, Ideas and Institutions. PART VI: THE FINANCIAL CRISIS OF 2007-2009. 18. The Financial Crisis of 2007-2009. PART VII: GOVERNMENT AND THE ECONOMY. 19. Debates in Macroeconomics Over the Role and Effects of Government. PART IX MICROECONOMIC FUNDAMENTALS. 20. Elasticity. 21. Consumer Choice and Behavioral Economics. Appendix D: Budget Constraint and Indifference Curve Analysis. Part X: Product Markets and Policies. 22. Perfect Competition. 23. Monopoly. 24. Monopolistic Competition, Oligopoly, and Game Theory. 25. Government and Product Markets: Antitrust and Regulation. PART XI: FACTOR MARKETS AND RELATED ISSUES. 26. Factor Markets: With Emphasis on the Labor Market. 27. Wages, Unions, and Labor. 28. The Distribution of Income and Poverty. 29. Interest, Rent, and Profit. PART XII: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 30. Market Failure: Externalities, Public Goods, and Asymmetric Information. 31. Public Choice and Special-Interest-Group Politics. PART XVI: GOVERNMENT AND MARKETS. 32. The Economic Case For and Against Government: Five Topics Considered. PART XIII: INTERNATIONAL ECONOMICS AND GLOBALIZATION. 33. International Trade. 34. International Finance. 35. Globalization and International Impacts on the Economy. PART XIV: FINANCIAL MATTERS. 36. Stocks, Bonds, Futures, and Options. PART XV: WEB CHAPTER. 37. Agriculture: Problems, Policies, and Unintended Effects.

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