PART ONE INTRODUCTION 1
CHAPTER 1 What Is Economics? 1
CHAPTER 2 The Economic Problem 29
PART TWO HOW MARKETS WORK 55
CHAPTER 3 Demand and Supply 55
CHAPTER 4 Elasticity 83
CHAPTER 5 Efficiency and Equity 105
CHAPTER 6 Government Actions in Markets 127
CHAPTER 7 Global Markets in Action 151
PART THREE HOUSEHOLDS'CHOICES 179
CHAPTER 8 Utilityand Demand 179
CHAPTER 9 Possibilities,Preferences,and Choices 203
PART FOUR FIRMS AND MARKETS 227
CHAPTER 10 Organizing Production 227
CHAPTER 11 Output and Costs 251
CHAPTER 12 Perfect Competition 273
CHAPTER 13 Monopoly 299
CHAPTER 14 Monopolistic Competition 323
CHAPTER 15 Oligopoly 341
PART FIVE MARKET FAILURE AND GOVERNMENT 371
CHAPTER 16 Public Choices and Public Goods 371
CHAPTER 17 Economics of the Environment 393
PART SIX FACTOR MARKETS,INEQUALITY,AND UNCERTAINTY 417
CHAPTER 18 Markets for Factors of Production 417
CHAPTER 19 Economic Inequality 441
CHAPTER 20 Uncertainty and Information 465
PART SEVEN MONITORING MACROECONOMIC PERFORMANCE 489
CHAPTER 21 Measuring GDP and Economic Growth 489
CHAPTER 22 Monitoring Jobs and Inflation 513
PART EIGHT MACROECONOMIC TRENDS 539
CHAPTER 23 Economic Growth 539
CHAPTER 24 Finance,Saving,and Investment 565
CHAPTER 25 Money,the Price Level,and Inflation 589
CHAPTER 26 The Exchange Rate and the Balance of Payments 617
PART NINE MACROECONOMIC FLUCTUATIONS 647
CHAPTER 27 Aggregate Supply and Aggregate Demand 647
CHAPTER 28 Expenditure Multipliers：The Keynesian Model 671
CHAPTER 29 U.S.Inflation,Unemployment,and Business Cycle 701
PART TEN MACROECONOMIC POLICY 727
CHAPTER 30 Fiscal Policy 727
CHAPTER 31 Monetary Policy 753