Includes index

Introduction. To economics and price systems
1 Scarcity and the world of trade-offs --
Demand and supply --
Extensions of demand and supply analysis --
Public spending and public choice --
Funding the public sector --
2. macroeconomics and income determination
Introduction to macroeconomics and economic growth. unemployment and inflation --
Measuring the economy's performance --
Global economic growth and development --
Real GDP determination and fiscal policy. Real GDP and the price level in the long run --
Classical and Keynesian macro analyses --
Consumption, real GDP, and the multiplier --
Appendix B. The Keynesian model and the multiplier --
Fiscal policy --

3. The monetary policy :
Money, stabilization, and growth. Money, banking, and central banking --
Money creation, and the demand for money, and monetary policy --
Domestic and international dimensions of monetary policy --
Appendix D. Monetary policy : A Keynesian perspective --
4. market firm, and resource allocation:
Stabilization in an integrated world economy --
Policies and prospects for global economic growth. Dimensions of microeconomics. Demand and supply elasticity --
Consumer choice --
Appendix E. More advanced consumer choice theory --
5. Productions factors income distribution and the environment:
Rents, profits, and the financial environment of business --
Market structure, resource allocation, and regulation. The firm : cost and output determination --
Perfect competition --
Monopoly --
Appendix F. Consumer surplus and the losses resulting from monopoly --
Monopolistic competition --
Oligopoly and strategic behavior --
Regulation and antitrust policy in a globalized economy --
Labor resources and the environment. The labor market : demand, supply, and outsourcing --
Unions and labor market monopoly power --
Income, poverty, and health care --
6. Income economics and other economics systems
Environmental economics --
Global economics. Comparative advantage and the open economy --
Exchange rates and the balance of p