PART ONE BASIC CONCEPTS 1
Chapter 1 The Central Concepts of Economics 3
Appendix 1 How to Read Graphs 18
Chapter 2 The Modern Mixed Economy 25
Chapter 3 Basic Elements of Supply and Demand 45
PART TWO MICROECONOMICS：SUPPLY，DEMAND，AND PRODUCT MARKETS 63
Chapter 4 Supply and Demand：Elasticity and Applications 65
Chapter 5 Demand and Consumer Behavior 84
Appendix 5 Geometrical Analysis of Consumer Equilibrium 101
Chapter 6 Production and Business Organization 107
Chapter 7 Analysis of Costs 126
Appendix 7 Production，Cost Theory，and Decisions of the Firm 144
Chapter 8 Analysis of Perfectly Competitive Markets 149
Chapter 9 Imperfect Competition and Monopoly 169
Chapter 10 Competition among the Few 187
Chapter 11 Economics of Uncertainty 211
PART THREE FACTOR MARKETS：LABOR，LAND，AND CAPITAL 227
Chapter 12 How Markets Determine Incomes 229
Chapter 13 The Labor Market 248
Chapter 14 Land，Natural Resources，and the Environment 267
Chapter 15 Capital，Interest，and Profits 283
PART FOUR APPLICATIONS OF ECONOMIC PRINCIPLES 301
Chapter 16 Government Taxation and Expenditure 303
Chapter 17 Efficiency vs．Equality：The Big Tradeoff 323
Chapter 18 International Trade 339
PART FIVE MACROECONOMICS：ECONOMIC GROWTH AND BUSINESS CYCLES 365
Chapter 19 Overview of Macroeconomics 367
Appendix 19 Macroeconomic Data for the United States 385
Chapter 20 Measuring Economic Activity 386
Chapter 21 Consumption and Investment 408
Chapter 22 Business Cycles and Aggregate Demand 428
Chapter 23 Money and the Financial System 453
Chapter 24 Monetary Policy and the Economy 475
PART SIX GROWTH，DEVELOPMENT，AND THE GLOBAL ECONOMY 499
Chapter 25 Economic Growth 501
Chapter 26 The Challenge of Economic Development 521
Chapter 27 Exchange Rates and the International Financial System 543
Chapter 28 Open-Economy Macroeconomics 564
PART SEVEN UNEMPLOYMENT，INFLATION，AND ECONOMIC POLICY 587
Chapter 29 Unemployment and the Foundations of Aggregate Supply 589
Chapter 30 Inflation 609
Chapter 31 Frontiers of Macroeconomics 630
Glossary of Terms 654
Index 677