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Table Of ContentPART 1 AN INTRODUCTION TO ECONOMICS AND THE ECONOMY 1 The Nature and Method of Economics 2 The Economizing Problem 3 Individual Markets: Supply and Demand 4 The Market System 5 The U.S. Economy: Private and Public Sectors 6 The United States in the Global Economy PART 2 NATIONAL INCOME, EMPLOYMENT, AND FISCAL POLICY 7 Measuring Domestic Output, National Income, and the Price Level 8 Introduction to Economic Growth, Unemployment, and Inflation 9 Building the Aggregate Expenditures Model 10 Aggregate Expenditures: The Multiplier, Net Exports, and Government 11 Aggregate Demand and Aggregate Supply 12 Fiscal Policy PART 3 MONEY, BANKING, AND MONETARY POLICY 13 Money and Banking 14 How Banks and Thrifts Create Money 15 Monetary Policy PART 4 LONG-RUN PERSPECTIVES AND MACROECONOMIC DEBATES 16 Extending the Analysis of Aggregate Supply 17 Economic Growth and the New Economy 18 Deficits, Surpluses, and the Public Debt 19 Disputes over Macro Theory and Policy PART 5 MICROECONOMICS OF PRODUCT MARKETS 20 Demand and Supply: Elasticity and Government-Set Prices 21 Consumer Behavior and Utility Maximization 22 The Costs of Production 23 Pure Competition 24 Pure Monopoly 25 Monopolistic Competition and Oligopoly 26 Technology, R&D, and Efficiency PART 6 MICROECONOMICS OF RESOURCE MARKETS 27 The Demand for Resources 28 Wage Determination 29 Rent, Interest, and Profits PART 7 MICROECONOMICS OF GOVERNMENT 30 Government and Market Failure 31 Public Choice Theory and the Economics of Taxation PART 8 MICROECONOMIC ISSUES AND POLICIES 32 Antitrust, Regulation, and Industrial Policy 33 Agriculture: Economics and Policy 34 Income Inequality and Poverty 35 Labor Market Issues: Unionism, Discrimination, Immigration 36 The Economics of Health Care PART 9 INTERNATIONAL ECONOMICS AND THE WORLD ECONOMY 37 International Trade 38 Exchange Rates, Balance of Payments, and Trade Deficits 39 The Developing Economies Transitional Economies: Russia and China [Internet-Only chapter]