Economics: Principles and Tools, 4/e

Table of Contents

PART 1. Introduction and Key Principles
1. Introduction: What is Economics?
2. Key Principles of Economics
3. Exchange and Markets
4. Supply, Demand, and Market Equilibrium

Part 2: A Closer Look at Supply and Demand
5. Elasticity: A Measure of Responsiveness
6. Consumer Choice
7. Market Efficiency and Government Intervention

Part 3. Information and Externalities
8. Imperfect Information: Adverse Selection and Moral Hazard
9. Environmental Policy
10. Public Goods and Public Choice

Part 4. Market Structures and Pricing
11. Production Technology and Cost
12. Perfect Competition
13. Monopoly and Price Discrimination
14. Market Entry and Monopolistic Competition
15. Oligopoly and Strategic Behavior
16. Market Structure and Public Policy

Part 5. The Labor Market and Income Distribution
17. The Labor Market and the Distribution of Income
18. Beyond Perfect Competition: Unions, Monopsony, and Imperfect Information

Part 6. The Basic Concepts in Macroeconomics
19. Measuring a Nation’s Production and Income
20. Unemployment and Inflation

Part 7. The Economy in the Long Run
21. The Economy at Full Employment
22. Why Do Economies Grow?

Part 8. Economic Fluctuations and Fiscal Policy
23. Aggregate Demand and Aggregate Supply
24. Fiscal Policy
25. The Income Expenditure Model
26. Investment and Financial Intermediation

Part 9. Money, Banking, and Monetary Policy
27. Money and the Banking System
28. The Federal Reserve and Monetary Policy

Part 10. Inflation, Unemployment, and Economic Policy
29. From the Short Run to the Long Run
30. The Dynamics of Inflation and Unemployment
31. Current Issues in Macroeconomic Policy

Part 11. The International Economy
32. International Trade and Public Policy
33. The World of International Finance