Includes index.

Part I Introduction Ch 1 Thinking Like an Economist Ch 2 Comparative Advantage Ch 3 Supply and Demand Part II Competition and the Invisible Hand Ch 4 Elasticity Ch 5 Demand Ch 6 Perfectly Competitive Supply Ch 7 Efficiency and Exchange Ch 8 The Invisible Hand in Action Part III Market Imperfections Ch 9 Monopoly, Oligopoly, and Monopolistic Competition Ch 10 Games and Strategic Behavior Ch 11 Externalities and Property Rights Ch 12 The Economics of Information Part IV Economics of Public Policy Ch 13 Labor Markets, Poverty, and Income Distribution Ch 14 The Environment, Health, and Safety Ch 15 Public Goods and Tax Policy Part V Macroeconomics: Data and Issues Ch 16 Spending, Income, and GDP Ch 17 Inflation and the Price Level Ch 18 Wages and Unemployment Part VI The Economy in the Long Run Ch 19 Economic Growth Ch 20 Saving, Capital Formation, and Financial Markets Ch 21 The Financial System, Money, and Prices Part VII The Economy in the Short Run Ch 22 Short-Term Fluctuations Ch 23 Spending and Output in the Short Run Ch 24 Stabilizing the Economy: The Role of the Federal Reserve Ch 25 Aggregate Demand and Aggregate Supply Ch 26 Macroeconomic Policy Part VIII The International Economy Ch 27 Exchange Rates and the Open Economy Ch 28 International Trade and Capital Flows Glossary