Contents:

PART 1 Introduction to economic theory, Ten principles of economics, How an economist thinks.

PART 2 Supply and demand: How markets work, The forces of the market: Supply and demand, Elasticity and its applications, More on demand: The theory of consumer choice, More on supply: Firms in competitive markets.

PART 3 Markets, efficiency, and welfare, Consumers, producers, and market efficiency, Supply, demand, and government policies.

PART 4 The economics of the public sector, The tax system and the cost of taxation.

PART 5 Inefficient allocation, Public goods, common resources, and social goods, Externalities and market failure, Information and behavioral finance.

PART 6 Business behavior and market structures, Business production decisions, Market structures i: Monopoly, Market structures ii: Monopolistic competition, Market structures iii: Oligopoly.

PART 7 Factor markets, The economics of labor markets.

PART 8 Inequality, Income inequality and poverty.

PART 9 Trade, Interdependence and the benefits of trade.

PART 10 The data of macroeconomics, Measuring national income, Measuring the cost of living.

PART 11 The real economy in the long run, Production and growth, Unemployment.

PART 12 Interest rates, money, and prices in the long run, Saving, investment, and the financial system, The basic tools of finance, The monetary system, Money supply and inflation.

PART 13 The macroeconomics of open economies, Macroeconomics of open economies: Basic concepts, A macroeconomic theory of open economy.

PART 14 Short-term economic fluctuations, Business cycles, Keynesian economic theory and IS-LM analysis, Aggregate demand and aggregate supply, The influence of monetary and fiscal policy on aggregate demand, The short-term trade-off between inflation and unemployment, Supply-side policies.

PART 15 International macroeconomics, Monetary unions and the European Monetary Union, The economic crisis and public debt.

Glossary, Index, Sources.