Chapter 1: Basic Economic ConceptsSection 1:
The Study of Economics
Section 2:
Introduction to Macroeconomics
Section 3:
The Production Possibilities Curve Model
Section 4:
Comparative Advantage and Trade
Page 8:
Check Your Understanding
Page 9:
Tackle the Test: Free-Response Questions
Page 9:
Tackle the Test: Multiple Choice Questions
Chapter 2: Supply and DemandSection 5:
Supply and Demand: Introduction to Demand
Section 6:
Supply and Demand: Supply and Equilibrium
Section 7:
Supply and Demand: Changes in Equilibrium
Section 8:
Supply and Demand: Price Controls (Ceilings and Floors)
Section 9:
Supply and Demand: Quantity Controls
Page 57:
Tackle the Test: Multiple Choice Questions
Page 57:
Check Your Understanding
Page 58:
Tackle the Test: Free-Response Questions
Chapter 3: Measurement of Economic PerformanceSection 10:
The Circular Flow and Gross Domestic Product
Section 11:
Interpreting Real Gross Domestic Product
Section 12:
The Meaning and Calculation of Unemployment
Section 13:
The Causes and Categories of Unemployment
Section 14:
Inflation: An Overview
Section 15:
The Measurement and Calculation of Inflation
Page 110:
Check Your Understanding
Page 111:
Tackle the Test: Multiple Choice Questions
Page 111:
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Chapter 4: National Income and Price DeterminationSection 16:
Income and Expenditure
Section 17:
Aggregate Demand: Introduction and Determinants
Section 18:
Aggregate Supply: Introduction and Determinants
Section 19:
Equilibrium in the Aggregate Demand-Aggregate Supply Model
Section 20:
Economic Policy and the Aggregate Demand-Aggregate Supply Model
Section 21:
Fiscal Policy and the Multiplier
Page 170:
Check Your Understanding
Page 170:
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Page 171:
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Chapter 5: Financial SectorSection 22:
Saving, Investment, and the Financial System
Section 23:
The Definition and Measurement of Money
Section 24:
The Time Value of Money
Section 25:
Banking and Money Creation
Section 26:
The Federal Reserve System: History and Structure
Section 27:
The Federal Reserve: Monetary Policy
Section 28:
The Money Market
Section 29:
The Market for Loanable Funds
Page 229:
Check Your Understanding
Page 229:
Tackle the Test: Multiple Choice Questions
Page 230:
Tackle the Test: Free-Response Questions
Chapter 6: Inflation, Unemployment, and Stabilization PoliciesSection 30:
Long-run Implications of Fiscal Policy: Deficits and the Public Debt
Section 31:
Monetary Policy and the Interest Rate
Section 32:
Money, Output, and Prices in the Long Run
Section 33:
Types of Inflation, Disinflation, and Deflation
Section 34:
Inflation and Unemployment: The Phillips Curve
Section 35:
History and Alternative Views of Macroeconomics
Section 36:
The Modern Macroeconomic Consensus
Page 305:
Check Your Understanding
Page 306:
Tackle the Test: Multiple Choice Questions
Page 306:
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Chapter 7: Economic Growth and ProductivitySection 37:
Long-run Economic Growth
Section 38:
Productivity and Growth
Section 39:
Growth Policy: Why Economic Growth rates Differ
Section 40:
Economic Growth in Macroeconomic Models
Page 374:
Tackle the Test: Free-Response Questions
Page 374:
Tackle the Test: Multiple Choice Questions
Page 374:
Check Your Understanding
Chapter 8: The Open Economy: International Trade and FinanceSection 41:
Capital Flows and the Balance of Payments
Section 42:
The Foreign Exchange Market
Section 43:
Exchange Rate Policy
Section 44:
Exchange rates and Macroeconomic Policy
Section 45:
Putting It All Together
Page 419:
Tackle the Test: Multiple Choice Questions
Page 419:
Check Your Understanding
Page 420:
Tackle the Test: Free-Response Questions
Chapter 9: Behind the Demand Curve: Consumer ChoiceSection 46:
Income Effects, Substitution Effects, and Elasticity
Section 47:
Interpreting Price Elasticity of Demand
Section 48:
Other Elasticities
Section 49:
Consumer and Producer Surplus
Section 50:
Efficiency and Deadweight Loss
Section 51:
Utility Maximization
Page 464:
Check Your Understanding
Page 464:
Tackle the Test: Multiple Choice Questions
Page 465:
Tackle the Test: Free-Response Questions
Chapter 10: Behind the Supply Curve: Profit, Production, and CostsSection 52:
Defining Profit
Section 53:
Profit Maximization
Section 54:
The Production Function
Section 55:
Firm Costs
Section 56:
Long-Run Costs and Economies of Scale
Section 57:
Introduction to Market Structure
Page 534:
Check Your Understanding
Page 534:
Tackle the Test: Multiple Choice Questions
Page 535:
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Chapter 11: Market Structures: Perfect Competition and MonoplySection 58:
Introduction to Perfect Competition
Section 59:
Graphing Perfect Competition
Section 60:
Long-Run Outcomes in Perfect Competition
Section 61:
Introduction to Monopoly
Section 62:
Monopoly and Public Policy
Section 63:
Price Discrimination
Page 588:
Check Your Understanding
Page 589:
Tackle the Test: Multiple Choice Questions
Page 589:
Tackle the Test: Free-Response Questions
Chapter 12: Market Structures: Imperfect CompetitionSection 64:
Introduction to Oligopoly
Section 65:
Game Theory
Section 66:
Oligopoly in Practice
Section 67:
Introduction to Monopolistic Competition
Section 68:
Product Differentiation and Advertising
Page 642:
Check Your Understanding
Page 643:
Tackle the Test: Multiple Choice Questions
Page 643:
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Chapter 13: Factor MarketsSection 69:
Introduction and Factor Demand
Section 70:
The markets for Land and Capital
Section 71:
The Market for Labor
Section 72:
The Cost-Minimizing Input Combination
Section 73:
Theories of Income Distribution
Page 688:
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Page 688:
Check Your Understanding
Page 689:
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Chapter 14: Market Failure and the Role of GovernmentSection 74:
Introduction to Externalities
Section 75:
Externalities and Public Policy
Section 76:
Public Goods
Section 77:
Public Policy to Promote Competition
Section 78:
Income Inequality and Income Distribution
Section 79:
The Economics of Information
Section 80:
Indifference Curves and Consumer Choice
Page 729:
Check Your Understanding
Page 730:
Tackle the Test: Multiple Choice Questions
Page 730:
Tackle the Test: Free-Response Questions
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