Table of Contents

Preface

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

The Use of Mathematics in Principles of Economics
Indifference Curves
Present Discounted Value