Economics for Today – Irvin B. Tucker – 7th Edition

PART I: INTRODUCTION TO ECONOMICS.

1. Introducing the Economic Way of Thinking.

Appendix: Applying Graphs to Economics.

2. Production Possibilities, Opportunity Cost, and Economic Growth.

PART II: MICROECONOMIC FUNDAMENTALS.

3. Market Demand and Supply.

Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.

4. Markets in Action.

Appendix: Applying Supply and Demand Analysis to Health Care.

5. Price Elasticity of Demand and Supply.

6. Consumer Choice Theory.

Appendix: Indifference Curve Analysis.

7. Production Costs.

PART III. MARKET STRUCTURES.

8. Perfect Competition.

9. Monopoly.

10. Monopolistic Competition and Oligopoly.

11. Labor Markets.

PART IV: MICROECONOMIC POLICY ISSUES.

12. Income Distribution, Poverty, and Discrimination.

13. Antitrust and Regulation.

14. Environmental Economics.

PART V: MACROECONOMIC FUNDAMENTALS.

15. Gross Domestic Product.

Appendix: A Four-Sector Circular Flow Model.

16. Business Cycles and Unemployment.

17. Inflation.

PART VI: MACROECONOMIC THEORY AND POLICY.

18. The Keynesian Model.

19. The Keynesian Model in Action.

20. Aggregate Demand and Supply.

Appendix: The Self-Correcting Aggregate Demand and Supply Model.

21. Fiscal Policy.

22. The Public Sector.

23. Federal Deficits, Surpluses, and the National Debt.

PART VII: MONEY, BANKING, AND MONETARY POLICY.

24. Money and the Federal Reserve System.

25. Money Creation.

26. Monetary Policy.

Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.

27. The Phillips Curve and Expectations Theory.

PART VIII: THE INTERNATIONAL ECONOMY.

28. International Trade and Finance.

29. Economies in Transition.

30. Growth and the Less-Developed Countries.