Includes:

What is Economic Theory?

Thinking Like Economists

The Forces of the Market: Supply and Demand

The Basis of Demand: Consumer Choices

The Basis of Supply: Firms in Competitive Markets

Consumers, Producers and Market Efficiency

Supply, Demand and Government Policies

Public Goods, Common Resources and Congestible Goods

Market Failure and Externalities

The Production Decisions of Firms

Market Structures I: Monopoly

Market Structures II: Monopolistic Competition

Market Structures III: Oligopoly

Market Structures IV: Contestable Markets

The Economics of Factor Markets

Income Inequality and Poverty

Interdependence and the Gains from Trade

Economics of Information and Behavioral Economics

Heterodox Theories in Economics

The Measurement of National Welfare and Price Levels

Production and Growth

Unemployment and the Labor Market

Saving, Investment and the Financial System

The Monetary System

Macroeconomics of Open Economies

Economic Cycles

Keynesian Economic Theory and IS-LM Analysis

Aggregate Demand and Aggregate Supply

The Effect of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Trade-off between Inflation and Unemployment

Supply-side Economic Policies

The Causes and Consequences of the Financial Crisis

Currency Union Zones

The Future of the European Union

Glossary

Index

Mathematical Formulas