PART I: INTRODUCTION TO ECONOMICS 1. The Scope and Method of Economics 2. The Economic Problem: Scarcity and Choice 3. Demand, Supply, and Market Equilibrium 4. Demand and Supply Applications PART II: CONCEPTS AND PROBLEMS IN MACROECONOMICS 5. Introduction to Macroeconomics 6. Measuring National Output and National Income 7. Unemployment, Inflation, and Long-Run Growth PART III: THE CORE OF MACROECONOMIC THEORY 8. Aggregate Expenditure and Equilibrium Output 9. The Government and Fiscal Policy 10. Money, the Federal Reserve, and the Interest Rate 11. The Determination of Aggregate Output, the Price Level, and the Interest Rate 12. Policy Effects and Cost Shocks in the AS/AD Model 13. The Labor Market in the Macroeconomy PART IV: FURTHER MACROECONOMICS ISSUES 14. Financial Crises, Stabilization, and Deficits 15. Household and Firm Behavior in the Macroeconomy: A Further Look 16. Long-Run Growth 17. Alternative Views in Macroeconomics PART V: THE WORLD ECONOMY 18. International Trade, Comparative Advantage, and Protectionism 19. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates 20. Economic Growth in Developing Economies PART VI: METHODOLOGY 21. Critical Thinking about Research