Part I: INTRODUCTION TO THE PRICE SYSTEM.1. Economics: The World Around You.Appendix: Working with Graphs.2. Choice, Opportunity Costs, and Specialization.3. Markets, Demand and Supply, and the Price System.4. The Market System and the Private and Public Sectors.Part II: MACROECONOMIC BASICS.5. National Income Accounting.6. An Introduction to the Foreign Exchange Market and the Balance of Payments.7. Unemployment and Inflation.8. Macroeconomic Equilibrium: Aggregate Demand and Supply.9. Aggregate Expenditures.Appendix: An Algebraic Model of Aggregate Expenditures.10. Income and Expenditures Equilibrium.Appendix: An Algebraic Model of Income and Expenditures Equilibrium.Part III: MACROECONOMIC POLICY.11. Fiscal Policy.Appendix: An Algebraic Examination of the Balanced-Budget Change in Fiscal Policy.12. Money and Banking.13. Monetary Policy.14. Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles.15. Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical. 16. Economic Growth.17. Development Economics.18. Globalization.Part IV: PRODUCT MARKET BASICS.19. Elasticity: Demand and Supply.20. Consumer Choice.Appendix: Indifference Analysis.21. Supply: The Costs of Doing Business.Appendix: The Mechanics of Going from Production to Costs.Part V: PRODUCT MARKETS. 22. Profit Maximization.23. Perfect Competition.24. Monopoly.25. Monopolistic Competition and Oligopoly.26. Antitrust, Regulation, and Public Finance.27. Market Failures, Government Failures, and Rent Seeking.Part VI: RESOURCE MARKETS.28. Resource Markets.29. The Labor Market.30. Capital Markets.31. The Land Market and Natural Resources.Part VII: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.32. Aging, Social Security, and Health Care.33. Income Distribution, Poverty, and Government Policy.Part VIII: ISSUES IN INTERNATIONAL TRADE AND FINANCE.34. World Trade Equilibrium.35. International Trade Restrictions.36. Exchange Rates and Financial Links Between Countries.