Table of Contents

1 Welcome to Economics!
2 Choice in a World of Scarcity
3 Demand and Supply
4 Labor and Financial Markets
5 Elasticity
6 The Macroeconomic Perspective
7 Economic Growth
8 Unemployment
9 Inflation
10 The International Trade and Capital Flows
11 The Aggregate Demand/Aggregate Supply Model
12 The Keynesian Perspective
13 The Neoclassical Perspective
14 Money and Banking
15 Monetary Policy and Bank Regulation
16 Exchange Rates and International Capital Flows
17 Government Budgets and Fiscal Policy
18 The Impacts of Government Borrowing
19 Macroeconomic Policy Around the World
20 International Trade
21 Globalization and Protectionism
The Use of Mathematics in Principles of Economics
The Expenditure-Output Model