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. Application: The Costs of Taxation. 9. Application: International Trade. Part IV: THE DATA OF MACROECONOMICS. 10. Measuring a Nation’s Income. 11. Measuring the Cost of Living. Part V: THE REAL ECONOMY IN THE LONG RUN. 12. Production and Growth. 13. Saving, Investment, and the Financial System. 14. The Basic Tools of Finance. 15. Unemployment and Its Natural Rate. Part VI: MONEY AND PRICES IN THE LONG RUN. 16. The Monetary System. 17. Money Growth and Inflation. Part VII: THE MACROECONOMICS OF OPEN ECONOMICS.
