Table Of ContentBrief Table of Contents PART 1: INTRODUCTION The Nature of Economics Scarcity and the World of Trade-Offs Demand and Supply Extensions of Demand and Supply Analysis Public Spending and Public Choice Funding the Public Sector PART 2: INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH The Macroeconomy: Unemployment, Inflation, and Deflation Measuring the Economy's Performance Global Economic Growth and Development PART 3: REAL GDP DETERMINATION AND FISCAL POLICY Real GDP and the Price Level in the Long Run Classical and Keynesian Macro Analyses Consumption, Real GDP, and the Multiplier Fiscal Policy Deficit Spending and the Public Debt PART 4: MONEY, STABILIZATION, AND GROWTH Money, Banking, and Central Banking Domestic and International Dimensions of Monetary Policy Stabilization in an Integrated World Economy Policies and Prospects for Global Economic Growth PART 5: DIMENSIONS OF MICROECONOMICS Demand and Supply Elasticity Consumer Choice Rents, Profits, and the Financial Environment of Business PART 6: MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION The Firm: Cost and Output Determination Perfect Competition Monopoly Monopolistic Competition Oligopoly and Strategic Behavior Regulation and Antitrust Policy in a Globalized Economy PART 7: LABOR RESOURCES AND THE ENVIRONMENT The Labor Market: Demand, Supply, and Outsourcing Unions and Labor Market Monopoly Power Income, Poverty, and Health Care Environmental Economics PART 8: GLOBAL ECONOMICS Comparative Advantage and the Open Economy Exchange Rates and the Balance of Payments