What Is Economics? -- Introduction The Ordinary Business of Life -- 1. First Principles -- 2 Economic Models: Trade-offsand Trade. Appendix Graphs in Economics -- Pte.2 Supply and Demand -- 3 Supply and Demand -- 4 Price Controls and Quotas: Meddling with Markets -- 5 International Trade. Appendix Consumer and Producer Surplus -- Pte.3. Introduction to Macroeconomics -- 6 Macroeconomics: The Big Picture -- 7 GDP and the CPI: Tracking the Macroeconomy -- 8 Unemployment and Inflation -- Pte. 4. Long-Run Economic Growth -- 9 Long-Run Economic Growth -- 10 Savings, Investment Spending, and the Financial System.
Appendix Toward a Fuller Understanding of Present Value -- Pte. 5. Short-Run Economic Fluctuations -- 11 Income and Expenditure. Appendix Deriving the Multiplier Algebraically -- 12 Aggregate Demand and Aggregate Supply -- Pte.6. Stabilization Policy -- 13 Fiscal Policy. Appendix Taxes and the Multiplier -- 14. Money, Banking, and the Federal Reserve System -- 15 Monetary Policy. Appendix Reconciling the Two Models of the Interest Rate -- 16 Inflation, Disinflation, and Deflation -- 17 Crises and Consequences -- Pte. 7 Events and Ideas: 18 Macroeconomics: Events and Ideas -- Pte. 8 The Open Economy -- 19 Open-Economy Macroeconomics -- Macroeconomic Data Tables M-1 -- Solutions to “Check Your Understanding” Questions.