Table of Contents
PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY To the Student 1 Limits, Alternatives, and Choices (+ Appendix) 2 The Market System and the Circular Flow

PART 2: PRICE, QUANTITY, AND EFFICIENCY 3 Demand, Supply, and Market Equilibrium (+ Appendix) 4 Elasticity 5 Market Failures: Public Goods and Externalities

PART 3: GDP, GROWTH, AND INSTABILITY 6 An Introduction to Macroeconomics 7 Measuring Domestic Output and National Income 8 Economic Growth 9 Business Cycles, Unemployment, and Inflation

PART 4: MACROECONOMIC MODELS and FISCAL POLICY 10 Basic Macroeconomic Relationships 11 The Aggregate Expenditures Model 12 Aggregate Demand and Aggregate Supply (+ Appendix) 13 Fiscal Policy, Deficits, and Debt

PART 5: MONEY, BANKING, and MONETARY POLICY 14 Money, Banking, and Financial Institutions 15 Money Creation 16 Interest Rates and Monetary Policy 17 Financial Economics

PART 6: EXTENSIONS and ISSUES 18 Extending the Analysis of Aggregate Supply 19 Current Issues in Macro Theory and Policy

PART 7: INTERNATIONAL ECONOMICS 20 International Trade 21 The Balance of Payments, Exchange Rates, and Trade Deficits 22w The Economics of Developing Countries OPTIONAL CONTENT FOR INSTRUCTORS (Available for instructors on the OLC) COI 1 The United States and the Global Economy COI 2 Previous International Exchange-Rate Systems