Part One: Basic Concepts 1. The Central Concepts of Economics 2. The Modern Mixed Economy 3. Basic Elements of Supply and Demand Part Two: Microeconomics: Supply, Demand, And Product Markets 4. Supply and Demand: Elasticity and Applications 5. Demand and Consumer Behavior 6. Production and Business Organization 7. Analysis of Costs 8. Analysis of Perfectly Competitive Markets 9. Imperfect Competition and Monopoly 10. Competition Among the Few 11. Economics of Uncertainty Part Three: Factor Markets: Labor, Land, And Capital 12. How Markets Determine Incomes 13. The Labor Market 14. Land, Natural Resources, and the Environment 15. Capital, Interest, and Profits Part Four: Applications of Economic Principles 16. Government Taxation and Expenditure 17. Efficiency vs. Equality: The Big Tradeoff 18. International Trade Part Five: Macroeconomics: Economic Growth and Business Cycles 19. Overview of Macroeconomics 20. Measuring Economic Activity 21. Consumption and Investment 22. Business Cycles and Aggregate Demand 23. Money and Financial Markets 24. Monetary Policy and the Economy Part Six: Growth, Development, and the Global Economy 25. Economic Growth 26. The Challenge of Economic Development 27. Exchange Rates and the International Financial System 28. Open-Economy Macroeconomics Part Seven: Unemployment, Inflation, and Economic Policy 29. Unemployment and the Foundations of Aggregate Supply 30. Inflation 31. The Frontiers of Macroeconomics