| Preface | p. xvii |
| Economics and the Internet | p. xxiii |
| Part 1 Basic Concepts | p. 1 |
| Chapter 1 The Fundamentals of Economics | p. 3 |
| Appendix 1 How to Read Graphs | p. 18 |
| Chapter 2 Markets and Government in a Modern Economy | p. 25 |
| Chapter 3 Basic Elements of Supply and Demand | p. 46 |
| Part 2 Microeconomics: Supply, Demand, and Product Markets | p. 65 |
| Chapter 4 Applications of Supply and Demand | p. 67 |
| Chapter 5 Demand and Consumer Behavior | p. 85 |
| Appendix 5 Geometrical Analysis of Consumer Equilibrium | p. 102 |
| Chapter 6 Production and Business Organization | p. 108 |
| Chapter 7 Analysis of Costs | p. 125 |
| Appendix 7 Production, Cost Theory, and Decisions of the Firm | p. 142 |
| Chapter 8 Analysis of Perfectly Competitive Markets | p. 147 |
| Chapter 9 Imperfect Competition and Its Polar Case of Monopoly | p. 166 |
| Chapter 10 Oligopoly and Monopolistic Competition | p. 183 |
| Chapter 11 Uncertainty and Game Theory | p. 203 |
| Part 3 Factor Markets: Labor, Land, and Capital | p. 223 |
| Chapter 12 How Markets Determine Incomes | p. 225 |
| Chapter 13 The Labor Market | p. 243 |
| Chapter 14 Land and Capital | p. 267 |
| Appendix 14 Markets and Economic Efficiency | p. 286 |
| Part 4 Applied Microeconomics: International Trade, Government, and the Environment | p. 295 |
| Chapter 15 Comparative Advantage and Protectionism | p. 297 |
| Chapter 16 Government Taxation and Expenditure | p. 322 |
| Chapter 17 Promoting More Efficient Markets | p. 344 |
| Chapter 18 Protecting the Environment | p. 363 |
| Chapter 19 Efficiency vs. Equality: The Big Trade-off | p. 385 |
| Part 5 Macroeconomics: The Study of Economic Growth and Business Cycles | p. 411 |
| Chapter 20 Overview of Macroeconomics | p. 413 |
| Appendix 20 Macroeconomic Data | p. 432 |
| Chapter 21 Measuring Economic Activity | p. 434 |
| Chapter 22 Consumption and Investment | p. 455 |
| Chapter 23 Business Fluctuations and the Theory of Aggregate Demand | p. 476 |
| Chapter 24 The Multiplier Model | p. 491 |
| Chapter 25 Money, Banking, and Financial Markets | p. 511 |
| Chapter 26 Central Banking and Monetary Policy | p. 541 |
| Part 6 Economic Growth and Macroeconomic Policy | p. 565 |
| Chapter 27 The Process of Economic Growth | p. 567 |
| Chapter 28 The Challenge of Economic Development | p. 591 |
| Chapter 29 Exchange Rates and the International Financial System | p. 612 |
| Chapter 30 Open-Economy Macroeconomics | p. 635 |
| Part 7 Unemployment, Inflation, and Economic Policy | p. 659 |
| Chapter 31 Unemployment and the Foundations of Aggregate Supply | p. 661 |
| Chapter 32 Ensuring Price Stability | p. 683 |
| Chapter 33 The Warring Schools of Macroeconomics | p. 709 |
| Chapter 34 Policies for Growth and Stability | p. 730 |
| Valediction | p. 754 |
| Glossary of Terms | p. 756 |
| Index | p. 779 |