Microeconomics/ Private and public choice James D. Gwartney...[et al.].

Table of contents

PART ONE THE ECONOMIC WAY OF THINKING-

AN INTRODUCTION 1

CHAPTER ONE THE ECONOMIC APPROACH 5
CHAPTER TWO SOME TOOLS OF THE ECONOMIST 33
CHAPTER THREE SUPPLY, DEMAND, AND THE MARKET PROCESS 55
CHAPTER FOUR SUPPLY AND DEMAND FOR THE PUBLIC SECTOR 87
CHAPTER FIVE GOVERNMENT SPENDING AND TAXATION 109


PA R T TWO MACROECONOMICS 137

CHAPTER SIX TAKING THE NATION'S ECONOMIC PULSE 139
CHAPTER SEVEN ECONOMIC FLUCTUATIONS, UNEMPLOYMENT, AND
INFLATION 167
CHAPTER EIGHT AN INTRODUCTION TO BASIC MACROECONOMIC MARKETS 191
CHAPTER NINE WORKING WITH OUR BASIC AGGREGATE DEMAND/AGGREGATE
SUPPLY MODEL 217
CHAPTER TEN KEYNESIAN FOUNDATIONS OF MODERN
MACROECONOMICS 245
CHAPTER ELEVEN MODERN MACROECONOMICS: FISCAL POLICY 267
CHAPTER TWELVE MONEY AND THE BANKING SYSTEM 295
CHAPTER THIRTEEN MODERN MACROECONOMICS: MONETARY POLICY 327
CHAPTER FOURTEEN EXPECTATIONS, INFLATION, AND UNEMPLOYMENT 357
CHAPTER FIFTEEN STABILIZATION POLICY, OUTPUT, AND EMPLOYMENT 385
CHAPTER SIXTEEN BUDGET DEFICITS AND THE NATIONAL DEBT 409



PART T H RE E MICROECONOMICS 431

CHAPTER SEVENTEEN DEMAND AND CONSUMER CHOICE 435
CHAPTER EIGHTEEN COSTS AND THE SUPPLY OF GOODS 473
CHAPTER NINETEEN PRICE TAKERS AND THE COMPETITIVE PROCESS 503
CHAPTER TWENTY PRICE-SEARCHER MARKETS WITH LOW ENTRY BARRIERS 529
CHAPTER TWENTY-ONE PRICE-SEARCHER MARKETS WITH HIGH ENTRY BARRIERS 551
CHAPTER TWENTY-TWO BUSINESS STRUCTURE, ANTITRUST, AND REGULATION 581


PART FOUR FACTOR MARKETS AND INCOME DISTRIBUTION 605

CHAPTER TWENTY-THREE THE SUPPLY OF AND DEMAND FOR PRODUCTIVE
RESOURCES 609
CHAPTER TWENTY-FOUR EARNINGS, PRODUCTIVITY, AND THE JOB MARKET 631
CHAPTER TWENTY-FIVE INVESTMENT, THE CAPITAL MARKET, AND THE WEALTH OF
NATIONS 659
CHAPTER TWENTY-SIX LABOR UNIONS AND COLLECTIVE BARGAINING 679
CHAPTER TWENTY-SEVEN INCOME INEQUALITY AND POVERTY 707
CHAPTER TWENTY-EIGHT THE ENVIRONMENT, NATURAL RESOURCES,
AND THE FUTURE 731

PART FIVE PUBLIC CHOICE AND PUBLIC POLICY 753

CHAPTER TWENTY-NINE PROBLEM AREAS FOR THE MARKET 757
CHAPTER THIRTY PUBLIC CHOICE: UNDERSTANDING GOVERNMENT AND
GOVERNMENT FAILURE 785
CHAPTER THIRTY-ONE CURRENT ISSUES AND POLICY DEBATES all
INTERNATIONAL ECONOMICS AND
PART SIX COMPARATIVE SYSTEMS 839

CHAPTER THIRTY-TWO GAINING FROM INTERNATIONAL TRADE 843
CHAPTER THIRTY-THREE INTERNATIONAL FINANCE AND THE FOREIGN
EXCHANGE MARKET 873
CHAPTER THIRTY-FOUR ECONOMIC DEVELOPMENT AND GROWTH OF INCOME 907
CHAPTER THIRTY-FIVE ECONOMIES IN TRANSITION 933

ADDENDUM TO CHAPTER 23 PRODUCTION THEORY AND ISOQUANT ANALYSIS 957
APPENDIX A GENERAL BUSINESS AND ECONOMIC INDICATORS 965

APPENDIX B ANSWERS TO SELECTED QUESTIONS 977

GLOSSARY 1009
CREDITS 1025
INDEX 1027