The Exploration of Economics, International Edition

Part I: INTRODUCTION. 1. The Role and Method of Economics. 2. Economics: Eight Powerful Ideas. 3. Scarcity, Trade-Off, and Production Possibilities. Part II: SUPPLY AND DEMAND. 4. Demand, Supply and Market Equilibrium. 5. Markets in Motion and Price Controls. 6. Elasticity. Part III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC SYSTEM. 7. Market Efficiency and Welfare. 8. Market Failure. 9. Public Finance and Public Choice. Part IV: HOUSEHOLDS AND MARKET STRUCTURE. 10. Consumer Choice Theory. 11. The Firm: Production and Cost. 12. Firms in Perfectly Competitive Markets. 13. Monopoly and Antitrust. 14. Monopolistic Competition and Product Differentiation. 15. Oligopoly and Strategic Behavior. Part V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES. 16. The Markets for Labor, Capital, and Land. 17. Income, Poverty and Health Care. Part VI: MACROECONOMICS FOUNDATIONS. 18. Introduction of Macroeconomics: Unemployment, Inflation, and Economic Fluctuations. 19. Measuring Economic Performance. 20. Economic Growth in the Global Economy. 21. Financial Markets, Savings, and Investment. Part VII: THE MACROECONOMIC MODELS. 22. Aggregate Demand and Aggregate Supply. 23. The Aggregate Expenditure Model. Part VIII: MACROECONOMIC POLICY. 24. Fiscal Policy. 25. Monetary Institutions. 26. The Federal Reserve System and Monetary Policy. 27. Issues in Macroeconomic Theory and Policy. Part IX: THE GLOBAL ECONOMY. 28. International Trade. 29. International Finance.