Contents: Part 1 Introduction: Modern Economics • Thinking Like an Economist • Part 2 Perfect Markets: Demand, Supply, and Price • Using Demand and Supply • The Consumption Decision• The Firm’s Costs • The Competitive Firm • Labor Markets • Capital Markets • The Efficiency of Competitive Markets • Part 3 Imperfect Markets: Introduction to Imperfect Markets • Monopoly, Monopolistic Competition, and Oligopoly • Government Policies Toward Competition • Strategic Behavior • Imperfect Information in the Product Market • Imperfections in the Labor Market • Part 4 Issues In Public Policy: The Public Sector • Environmental Economics • International Trade and Trade Policy • Technological Change • Part 5 Introduction To Macroeconomics: Macroeconomics and the Economic Perspective • Measuring Output and Unemployment • The Cost of Living and Inflation • Part 6 Full-Employment Macroeconomics: The Full-Employment Model • Government Finance at Full Employment • The Open Economy at Full Employment • Growth and Productivity • Money, the Price Level and the Federal Reserve • Part 7 Macroeconomic Fluctuations: Introduction to Macroeconomic Fluctuations • Aggregate Expenditures and Income • Aggregate Demand and Inflation • The Federal Reserve and Interest Rates • The Role of Macroeconomic Policy • Part 8 The Global Economy: The International Financial System • Policy in the Open Economy • Development and Transition • Part 9 Further Topics In Macroeconomics: Inflation and Unemployment • Controversies in Macroeconomic Policy • A Student’s Guide to Investing