Part I: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. Part II: HOW MARKETS WORK.

4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. Part III: MARKETS AND WELFARE. 7.

Consumers, Producers, and the Efficiency of Markets. 8. Applications: The Costs of Taxation. 9. Application: International Trade. Part IV: THE ECONOMICS OF THE PUBLIC SECTOR. 10. Externalities.

11. Public Goods and Common Resources. 12. The Economics of Healthcare. 13. The Design of the Tax System. Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY. 14.

The Costs of Production. 15. Firms in Competitive Markets. 16. Monopoly. 17. Monopolistic Competition. 18.

Oligopoly. Part VI: THE ECONOMICS OF THE LABOR MARKET. 19. The Markets for the Factors of Production. 20. Earnings and Discrimination. 21. Income Inequality and Poverty.

Part VII: TOPICS FOR FURTHER STUDY. 22. The Theory of Consumer Choice. 23. Frontiers in Microeconomics. Part VIII: THE DATA OF MACROECONOMICS. 24. Measuring a Nations Income.

25. Measuring the Cost of Living. Part IX: THE REAL ECONOMY IN THE LONG RUN. 26. Production and Growth. 27. Saving, Investment, and the Financial System. 28.

Tools of Finance. 29. Unemployment and Its Natural Rate. Part X: MONEY AND PRICES IN THE LONG RUN. 30. The Monetary System. 31. Money Growth and Inflation.

Part XI: THE MACROECONOMICS OF OPEN ECONOMICS. 32. Open-Economy Macroeconomics: Basic Concepts. 33. A Macroeconomic Theory of the Open Economy. Part XII: SHORT-RUN ECONOMIC FLUCTUATIONS. 34. Aggregate Demand and Aggregate Supply.

35. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 36. The Short-Run Tradeoff between Inflation and Unemployment. Part XIII: FINAL THOUGHTS. 37. Six Debates over Macroeconomic Policy. Appendix: How Economists Use Data.