Browse All Chapters of This Textbook
Chapter 1 - What Is Economics?Chapter 1.1 - Definition Of EconomicsChapter 1.2 - Two Big Economic QuestionChapter 1.3 - The Economic Way Of ThinkingChapter 1.4 - Economics As Social Science And Policy ToolChapter 1.5 - Economists In The EconomyChapter 1.A - Graphing DataChapter 2 - The Economic ProblemChapter 2.1 - Production Possibilities And Opportunity CostChapter 2.2 - Using Resources Efficiently
Chapter 2.3 - Gains From TradeChapter 2.4 - Economic GrowthChapter 2.5 - Economic CoordinationChapter 3 - Demand And SupplyChapter 3.1 - Markets And PricesChapter 3.2 - DemandChapter 3.3 - SupplyChapter 3.4 - Market EquilibriumChapter 3.5 - Predicting Changes In Price And QuantityChapter 4 - ElasticityChapter 4.1 - Price Elasticity Of DemandChapter 4.2 - More Elasticities Of DemandChapter 4.3 - Elasticity Of SupplyChapter 5 - Efficiency And EquityChapter 5.1 - Resource Allocation MethodsChapter 5.2 - Benefit , Cost, And CurplusChapter 5.3 - Is The Competitive Market Efficient?Chapter 5.4 - Is The Competitive Market Fair?Chapter 6 - Government Actions In MarketsChapter 6.1 - A Housing Market With A Rent CeilingChapter 6.2 - A Labor Market With A Minimum WageChapter 6.3 - TaxesChapter 6.4 - Production Quotas And SubsidiesChapter 6.5 - Markets For Illegal GoodsChapter 7 - Global Market In ActionChapter 7.1 - How Global Markets WorkChapter 7.2 - Winners, Losers, And The Net Gain From TradeChapter 7.3 - International Trade RestrictionsChapter 7.4 - The Case Against ProtectionChapter 8 - Utility And DemandChapter 8.1 - Consumption ChoicesChapter 8.2 - Utility-maximizing ChoiceChapter 8.3 - Predictions Of Marginal Utility TheoryChapter 8.4 - New Ways Of Explaining Consumer ChoicesChapter 9 - Possibilities, Preferences And ChoicesChapter 9.1 - Consumption PossibilitiesChapter 9.2 - Preferences And Indifference CurvesChapter 9.3 - Predicting Consumer ChoicesChapter 10 - Organizing ProductionChapter 10.1 - The Firm And Its Economic ProblemChapter 10.2 - Technological And Economic EfficiencyChapter 10.3 - Information And OrganizationChapter 10.4 - Markets And The Competitive EnvironmentChapter 10.5 - Produce Or Outsource? Firms And MarketsChapter 11 - Output And CostsChapter 11.1 - Decision Time FramesChapter 11.2 - Short-run Technology ConstraintChapter 11.3 - Short-run CostChapter 11.4 - Long-run CostChapter 12 - Perfect CompetitionChapter 12.1 - What Is Perfect Competition?Chapter 12.2 - The Firm's Output DecisionChapter 12.3 - Output, Price, And Profit In The Short RunChapter 12.4 - Output, Price, And Profit In The Long RunChapter 12.5 - Changes In Demand And Supply As Technology AdvancesChapter 12.6 - Competition And EfficiencyChapter 13 - MonopolyChapter 13.1 - Monopoly And How It ArisesChapter 13.2 - A Single-price Monopoly's Output And Price DecisionChapter 13.3 - A Single-price Monopoly And Competition ComparedChapter 13.4 - Price DiscriminationChapter 13.5 - Monopoly RegulationChapter 14 - Monopolistic CompetitionChapter 14.1 - What Is Monopolistic CompetitionChapter 14.2 - Price And Output In Monopoly CompetitionChapter 14.3 - Product Development And MarketingChapter 15 - OligopolyChapter 15.1 - What Is OligopolyChapter 15.2 - Oligopoly GamesChapter 15.3 - Repeated Games And Sequential GamesChapter 15.4 - Antitrust LawChapter 16 - Public Choices, Public Goods And HealthcareChapter 16.1 - Public ChoicesChapter 16.2 - Providing Public GoodsChapter 16.3 - The Economics Of HealthcareChapter 17 - ExternalitiesChapter 17.1 - Externalities In Our LivesChapter 17.2 - Negative Externality: PollutionChapter 17.3 - Negative Externality: The Tragedy Of CommonsChapter 17.4 - Positive Externality: KnowledgeChapter 18 - Market For Factors Of ProductionChapter 18.1 - The Anatomy Of Factor MarketsChapter 18.2 - The Demand For A Factor Of ProductionChapter 18.3 - Labor MarketsChapter 18.4 - Capital And Natural Resource MarketChapter 19 - Economic InequalityChapter 19.1 - Economic Inequality In The United StatesChapter 19.2 - Inequality In The World EconomyChapter 19.3 - The Sources Of Economic InequalityChapter 19.4 - Income RedistributionChapter 20 - Uncertainty And InformationChapter 20.1 - Decisions In The Face Of UncertaintyChapter 20.2 - Buying And Selling RiskChapter 20.3 - Private InformationChapter 20.4 - Uncertainty, Information And The Invisible HandChapter 21 - Monitoring The Value Of Production: GdpChapter 21.1 - Gross Domestic ProductChapter 21.2 - Measuring U.s. GdpChapter 21.3 - The Uses And Limitations Of Real GdpChapter 22 - Monitoring Jobs And InflationChapter 22.1 - Employment And UnemploymentChapter 22.2 - Unemployment And FullemploymentChapter 22.3 - The Price Level, Inflation And DeflationChapter 23 - Economic GrowthChapter 23.1 - The Basics Of Economic GrowthChapter 23.2 - Long-term Growth TrendsChapter 23.3 - How Potential Gdp GrowsChapter 23.4 - Why Labor Productivity GrowsChapter 23.5 - Is Economic Growth Sustainable? Theories, Evidence And PoliciesChapter 24 - Finance, Saving And InvestmentChapter 24.1 - Financial Markets And Financial InstitutionsChapter 24.2 - Financial Decisions And RisksChapter 24.3 - The Loanable Funds MarketChapter 24.4 - Government In The Loanable Fund MarketChapter 25 - Money, The Price Level And InflationChapter 25.1 - What Is Money?Chapter 25.2 - Depository InstitutionsChapter 25.3 - The Federal Reserve SystemChapter 25.4 - How Banks Create MoneyChapter 25.5 - The Money MarketChapter 25.6 - The Quantity Theory Of MoneyChapter 26 - The Exchange Rate And The Balance Of PaymentsChapter 26.1 - The Foreign Exchange MarketChapter 26.2 - Arbitrage, Speculation And Market FundamentalsChapter 26.3 - Exchange Rate PolicyChapter 26.4 - Financing International TradeChapter 27 - Aggregate Supply And Aggregate DemandChapter 27.1 - Aggregate SupplyChapter 27.2 - Aggregate DemandChapter 27.3 - Explaining Macroeconomic Trends And FluctuationsChapter 27.4 - Macroeconomic Schools Of ThoughtChapter 28 - Expenditure MultipliersChapter 28.1 - Fixed Prices And Expenditure PlansChapter 28.2 - Real Gdp With A Fixed Price LevelChapter 28.3 - The MultiplierChapter 28.4 - The Multiplier And The Price LevelChapter 29 - The Business Cycle, Inflation, And DeflationChapter 29.1 - The Business CycleChapter 29.2 - Inflation CyclesChapter 29.3 - DeflationChapter 29.4 - The Phillips CurveChapter 30 - Fiscal PolicyChapter 30.1 - The Federal BudgetChapter 30.2 - Supply-side Effects Of Fiscal PolicyChapter 30.3 - Generational Effects Of Fiscal PolicyChapter 30.4 - Fiscal StimulusChapter 31 - Monetary PolicyChapter 31.1 - Monetary Policy Objectives And FrameworkChapter 31.2 - The Conduct Of Monetary PolicyChapter 31.3 - Monetary Policy TransmissionChapter 31.4 - Financial Crisis: Cure And Prevention
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