Short Contents : PART 1 Introduction to Economics // 1 The Art and Science of Economic // 2 Some Tools of Economic Analysis 27 // 3 The Market System 47 // 4 The Economic Actors // PART 2 Fundamentals o f Macroeconomics 98 // 5 Introduction to Macroeconomics 100 // 6 Measuring Economic Aggregates and the Circular Flow of Income 121 // 7 Unemployment and Inflation 148 // 8 Aggregate Demand: Consumption and Investment 173 // 9 Aggregate Expenditure and Demand-Side Equilibrium 195 // 10 Aggregate Supply 221 // PART 3 Fiscal and Monetary Policy 246 // 11 Fiscal Policy, Aggregate Demand, and Equilibrium Output 248 // 12 Money and the Financial System 276 // 13 Depository Institutions, the Federal Reserve, and the Money Supply 298 // Depository Institutions, Their Deposits, and the Money Supply 299 // 14 Monetary Theory and Policy 322 // 15 Activist Versus Nonactivist Macroeconomic Policy 349 // 16 Budgets, Deficits, and Public Policy 375 // 17 Productivity and Growth 398 // PART 4 Introduction to the Market System 418 // 18 Elasticity of Demand and Supply 420 // 19 Consumer Choice and Demand 445 // 20 Cost and Production in the Firm 471 // PART 5 Market Structure, Pricing, and Government Regulation 504 // 221 Perfect Competition 506 // 22 Monopoly 534 // 23 Between Perfect Competition and Monopoly 558 // 24 Regulation, Deregulation, and Antitrust 585 // PART 6 Resource Markets 610 // 25 Resource Markets 612 // 26 Labor Markets and Wage Determination 636 // 27 Unions and Collective Bargaining 656 // 28 Capital, Interest, Entrepreneurial Ability, and Profit 682 // 29 Poverty and Income Distribution 710 // PART 7 An Inside Look at Economic Institutions 738 // 30 Inside the Household 740 // 31 Inside the Firm 764 // 32 Inside the Government 783 // PART 8 The International Setting 808 // 33 International Trade 810 // 34 International Finance 835 //
35 Problems of Developing Countries 857 // 36 The Soviet Economy 878 // Glossary // Index