1."In the News" boxes include excerpts from many newspaper articles and encourage students to apply basic economic theory to discover how economics can provide an illuminating new perspective and enable greater understanding of world events.



　　2."FYI" boxes provide additional material to expand key concepts and discussions by offering a glimpse into the history of economic thought, clarifying technical issues, and exploring supplementary topics you might choose to complement your core lectures.



　　3.Economic theory is most useful and interesting when applied to actual events and policies, which is why the text contains numerous Case Studies to vividly illustrate the real-world applications and consequences of key principles.



　　4."Quick Quizzes" follow each major section to help students check their comprehension of what they just learned and to focus their review when preparing for exams.



　　5.Each chapter contains a variety of problems and applications that encourage students to apply the material they have learned. These practical, interesting activities serve equally well as homework assignments and starting points for lively classroom discussions.

PART I: INTRODUCTION

Ch 1 Ten Principles of Economics

Ch 2 Thinking Like an Economist

Ch 3 Interdependence and the Gains from Trade



PART II: HOW MARKETS WORK

Ch 4 The Market Forces of Supply and Demand

Ch 5 Elasticity and Its Application

Ch 6 Supply, Demand, and Government Policies



PART III: MARKETS AND WELFARE

Ch 7 Consumers, Producers, and the Efficiency of Markets

Ch 8 Applications: The Costs of Taxation

Ch 9 Application: International Trade



PART IV: THE ECONOMICS OF THE PUBLIC SECTOR

Ch10 Externalities

Ch11 Public Goods and Common Resources

Ch12 The Design of the Tax System



PART V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY

Ch13 The Costs of Production

Ch14 Firms in Competitive Markets

Ch15 Monopoly

Ch16 Monopolistic Competition

Ch17 Oligopoly



PART VI: THE ECONOMICS OF THE LABOR MARKET

Ch18 The Markets for the Factors of Production

Ch19 Earnings and Discrimination

Ch20 Income Inequality and Poverty



PART VII: TOPICS FOR FURTHER STUDY

Ch21 The Theory of Consumer Choice

Ch22 Frontiers in Microeconomics



PART VIII: THE DATA OF MACROECONOMICS

Ch23 Measuring a Nation’s Income

Ch24 Measuring the Cost of Living



PART IX: THE REAL ECONOMY IN THE LONG RUN

Ch25 Production and Growth

Ch26 Saving, Investment, and the Financial System

Ch27 The Basic Tools of Finance

Ch28 Unemployment



PART X: MONEY AND PRICES IN THE LONG RUN

Ch29 The Monetary System

Ch30 Money Growth and Inflation



PART XI: THE MACROECONOMICS OF OPEN ECONOMICS

Ch 31. Open-Economy Macroeconomics: Basic Concepts

Ch 32. A Macroeconomic Theory of the Open Economy



PART XII: SHORT-RUN ECONOMIC FLUCTUATIONS

Ch 33. Aggregate Demand and Aggregate Supply

Ch 34. The Influence of Monetary and Fiscal Policy on Aggregate Demand

Ch 35. The Short-Run Tradeoff between Inflation and Unemployment



PART XIII: FINAL THOUGHTS

Ch 36. Six Debates over Macroeconomic Policy