CONTENTS IN BRIEF PREFACE PART1 The Economic Way of Thinking CHAPTER 1 The Economic Approach CHAPTER 2 Some Tools of the Econmist PART2 Markets and Government CHAPTER 3 Supply,Demand,and the Market Process CHAPTER 4 Supply and Demand:Applications and Extensions CHAPTER 5 The Economic Role of Government CHAPTER 6 The Economics of Collective Decision Making PART3 Cove Macvoeconomics CHAPTER 7 Taking the Nation''s Economic Pulse CHAPTER 8 Economic Fluctuations,Uncmployment,and Inflation CHAPTER 9 An Introduction to Basic Macroeconomic Markets CHAPTER 10 Working with Our Basic Aggregate Demand/aggregate Supply Model CHAPTER 11 Keynesian Foundations of Modern Macroeconomics CHAPTER 12 Fiscal Policy CHAPTER 13 Money and the Banking System CHAPTER 14 Modern Macroeconomics:Monetary Policy CHAPTER 15 Stabilization Policy,Output,and Employment CHAPTER 16 Economic Growth PART4 International Economics CHAPTER 17 Gaining from International Trade CHAPTER 18 International Finance and the Foreign Exchange Market PART5 Core Microeconomics CHAPTER 19 Demand and Consumer Choice CHAPTER 20 Costs and the Supply of Goods CHAPTER 21 Price Takers and the Competitive Process CHAPTER 22 Price-Searcher Markets with Low Entry Barriers CHAPTER 23 Price-Searcher Markets with High Entry Barriers CHAPTER 24 The Supply of and Demand for Productive Resources CHAPTER 25 Earnigs,Productivity,and the Job Market CHAPTER 26 Investment,the Capital Market,and the Wealth of Nations CHAPTER 27 Income Inequality and Poverty PART6 Applications and Special Topics APPLICATION 1 Labor Markets and Unemployment Rates:A Cross-Country Analysis APPLICATION 2 How Do Budget Deficits and the National Debt Affect Future Generations APPLICATION 3 The Phillips Curve:Is There a Trade-Off between Inflation and Unemployment APPLICATION 4 Social Securituy: The Nature of the Problem and the Alternatives for Dealing with It APPLICATION 5 The Stock Market:What Does It Do and How Has It Performed APPLICATION 6 How Does Government Regulation Affect Rour Life APPLICATION 7 Income Inequality,Transfers,and the Role of Government APPLICATION 8 Do Labor Unions Increase the Wages of Workers APPLICATION 9 Natural Resources and the Future APPLICATION 10 Economics and the Environment APPENDIX A General Business and Economic Indicators APPENDIX B Answers to Selected Critical Analysis Questions GLOSSARY CREDITS INDEX