I. INTRODUCTION
1. What Is Economics?
2. The Economic Problem

II. HOW MARKETS WORK
3. Demand and Supply
4. Elasticity
5. Efficiency and Equity
6. Markets in Action

III. HOUSEHOLDS' CHOICES
7. Utility and Demand
8. Possibilities, Preferences, and Choices

IV. FIRMS AND MARKETS
9. Organizing Production
10. Output and Costs
11. Perfect Competition
12. Monopoly
13. Monopolistic Competition and Oligopoly

V. MARKET FAILURE AND GOVERNMENT
14. Regulation and Antitrust Law
15. Externalities
16. Public Goods and Common Resources

VI. FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY
17. Demand and Supply in Factor Markets
18. Economic Inequality
19. Uncertainty and Information

VII. MACROECONOMIC OVERVIEW
20. A First Look at Macroeconomics
21. Measuring GDP and Economic Growth
22. Monitoring Jobs and the Price Level

VIII. THE ECONOMY IN THE LONG RUN
23. At Full Employment: The Classical Model
24. Economic Growth
25. Money, the Price Level, and Inflation
26. The Exchange Rate and the Balance of Payments

IX. THE ECONOMY IN THE SHORT RUN
27. Aggregate Supply and Aggregate Demand
28. Expenditure Multipliers: The Keynesian Model
29. U.S. Inflation, Unemployment, and Business Cycle

X. MACROECONOMIC POLICY
30. Fiscal Policy
31. Monetary Policy

XI. THE GLOBAL ECONOMY
32. Trading with the World