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Table of Contents

PART I: INTRODUCTION 

1. What is Economics? 

2. The Economic Problem 

PART II: HOW MARKETS WORK 

3. Demand and Supply 

4. Elasticity 

5. Efficiency And Equity 

6. Government Actions in Markets 

7. Global markets in Action 

PART III: HOUSEHOLDS’ CHOICES 

8. Utility and Demand 

9. Possibilities, Preferences, and Choices 

PART IV: FIRMS AND MARKETS 

10. Organizing Production 

11. Output and Costs 

12. Perfect Competition 

13. Monopoly 

14. Monopolistic Competition

15. Oligopoly 

PART V: MARKET FAILURE AND GOVERNMENT 

16. Public Choices, Public Goods, and Healthcare

17. Externalities 

PART VI: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY 

18. Markets for Factors of Production 

19. Economic Inequality 

20. Uncertainty and Information 

PART VII: MONITORING MACROECONOMIC PERFORMANCE 

21. Monitoring the Value of Production: GDP 

22. Monitoring Jobs and Inflation 

PART VIII: MACROECONOMIC TRENDS 

23. Economic Growth 

24. Finance, Saving, and Investment 

25. Money, the Price Level, and Inflation

26. The Exchange Rate and the Balance of Payments 

PART IX: MACROECONOMIC FLUCTUATIONS 

27. Aggregate Supply and Aggregate Demand 

28. Expenditure Multipliers 

29. The Business Cycle, Inflation, and Deflation 

PART X: MACROECONOMIC POLICY

30. Fiscal Policy 

31. Monetary Policy 

Get Economics, Student Value Edition, 13th Edition by Michael Parkin, University of Western Ontario

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