: Introduction; Economics and Economic Reasoning; Trade and Tradeoffs; The Evolving U.S. Economy in Perspective; Supply and Demand; Applying Supply and Demand; II: Microeconomics; I: Microeconomics: The Basics; Describing Supply and Demand: Elasticities; Taxa Macroeconomics; I: Macroeconomic Problems; Economic Growth, Business Cycles, Unemployment, and Inflation; National Income Accounting; II: The Macroeconomic Framework; Growth, Productivity, and the Wealth of Nations; Aggregate Demand, Aggregate Supply, and Modern Macroeconomics; The Multiplier Model; III: Money and Monetary Policy; Money, Banking, and the Financial Sector; Monetary Policy and the Debate about Macro Policy; Inflation and Its Relationship to Unemployment and Growth; IV: Policy Issues in Depth; Aggregate Demand Policy in Perspective; Politics, Surpluses, Deficits, and Debt; Macro Policies in Developing Countries; V: International Policy Issues; International Finance; Monetary and Fiscal inflation and Government Intervention; II: Foundations of Supply and Demand; The Logic of Individual Choice: The Foundation of Supply and Demand; Production and Cost Analysis I; Production and Cost Analysis II; III: Market Structure and Policy; 11: Perfect Competition; Monopoly; Monopolistic Competition, Oligopoly, and Strategic Pricing; Real-World Competition and Technology; Antitrust Policy and Regulation; IV: Factor Markets; Work and the Labor Market; Who Gets What? The Distribution of Income; V: Applying Economic Reasoning to Policy; Government Policy and Market Failures; Politics and Economics: The Case of Agriculture; Microeconomic Policy, Economic Reasoning, and Beyond; International Trade Policy; III: Policy in a Global Setting.