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Preface
A Quick Review of Graphs

PART I Foundations of Economics

Chapter 1 The Four Core Principles of Economics

Chapter 2 Demand and Consumer Choice

Chapter 3 Supply and Producer Choice

Chapter 4 Equilibrium: Where Supply Meets Demand

PART II Analyzing Markets

Chapter 5 Elasticity: Measuring Responsiveness

Chapter 6 Taxes, Price Controls, and Quantity Regulations

Chapter 7 Welfare Economics: Evaluating Market Efficiency and Market Failure

Chapter 8 Comparative Advantage and Gains from Trade

PART III Applications and Policy Issues

Chapter 9 International Trade

Chapter 10 Externalities and Public Goods

Chapter 11 The Labor Market

Chapter 12 Why Wages Vary: Workers, Jobs, Institutions, and Discrimination

Chapter 13 Inequality, Poverty, and Social Insurance

PART IV Industrial Organization and Business Strategy

Chapter 14 Market Structure and Market Power

Chapter 15 Entry, Exit, and Long-Run Profitability

Chapter 16 Price Discrimination and Sophisticated Pricing Strategies

Chapter 17 Economics of Strategic Management

PART V Advanced Decisions

Chapter 18 Game Theory and Strategic Choices

Chapter 19 Decisions Involving Uncertainty

Chapter 20 Decisions Involving Private Information

PART VI Macroeconomic Foundations and the Long Run

Chapter 21 Sizing Up the Economy Using GDP

Chapter 22 Economic Growth

Chapter 23 Unemployment

Chapter 24 Inflation and Money

PART VII Micro Foundations of Macroeconomics

Chapter 25 Consumption and Saving

Chapter 26 Investment

Chapter 27 The Financial Sector: Banks, Bonds, and Stocks

Chapter 28 International Finance and the Exchange Rate

PART VIII The Business Cycle

Chapter 29 Tracking the Business Cycle

Chapter 30 Linking Interest Rates and Output Using IS-MP Analysis

Chapter 31 The Phillips Curve and Inflation

Chapter 32 The Fed Model: Putting it All Together

Chapter 33 Aggregate Demand and Aggregate Supply

PART IX Macroeconomic Policy

Chapter 34 Monetary Policy

Chapter 35 Government Spending, Taxes, and Fiscal Policy

Appendix: A Closer Look at Aggregate Expenditure and the Multiplier

Appendix: A Deeper Dive Into Consumer Choice: Budget Constraints and Indifference Curves

Glossary

Index