Economics Today, 01-02

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0321117522

I. INTRODUCTION. 1. The Nature of Economics. 2. Scarcity and the World of Trade-Offs. 3. Demand and Supply. 4. Extensions of Demand and Supply Analysis. 5. The Public Sector and Public Choice. 6. Your Future with Social Security. II. INTRODUCTION TO MACROECONOMICS AND ECONOMIC GROWTH. 7. The Macroeconomy: Unemployment, Inflation, and Deflation. 8. Measuring the Economy's Performance. 9. Global Economic Growth and Development. III. NATIONAL INCOME DETERMINATION AND FISCAL POLICY. 10. Real GDP and the Price Level in the Long Run. 11. Classical and Keynesian Macro Analyses. 12. Consumption, Income, and the Multiplier. 13. Fiscal Policy. IV. MONEY, MONETARY POLICY, AND STABILIZATION. 14. Money and Banking Systems. 15. Money Creation, Payment Systems, and Deposit Insurance. 16. Electronic Banking. 17. Domestic and International Monetary Policy. 18. Stabilization in an Integrated World Economy. V. DIMENSIONS OF MICROECONOMICS. 19. Consumer Choice. 20. Demand and Supply Elasticity. 21. The Global Financial Environment of Business. VI. MARKET STRUCTURE, RESOURCE ALLOCATION, AND REGULATION. 22. The Firm: Cost and Output Determination. 23. Perfect Competition. 24. Monopoly. 25. Monopolistic Competition, Oligopoly, and Strategic Behavior. 26. Regulation and Antitrust Policy in a World of Multinational Firms. VII. PRODUCTIVE FACTORS, POVERTY, HEALTH CARE, AND THE ENVIRONMENT. 27. Labor Demand and Supply. 28. Unions and Labor Market Monopoly Power. 29. Rent, Interest, and Profits. 30. Income, Poverty, and Health Care. 31. Environmental Economics. VIII. GLOBAL ECONOMICS. 32. Comparative Advantage and the Open Economy. 33. Exchange Rates and the Balance of Payments. Answers to Odd-Numbered Problems. Glossary. Index. Practice Tests.