Previous edition: 2017.

Includes index.

Part I: INTRODUCTION.1. Ten Principles of Economics.2. Thinking Like an Economist.3. Interdependence and the Gains from Trade.Part II: HOW MARKETS WORK.4. The Market Forces of Supply and Demand.5. Elasticity and Its Application.6. Supply, Demand, and Government Policies.Part III: MARKETS AND WELFARE.7. Consumers, Producers, and the Efficiency of Markets.8. Applications: The Costs of Taxation.9. Application: International Trade.Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.10. Externalities.11. Public Goods and Common Resources.12. The Design of the Tax System.Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.13. The Costs of Production.14. Firms in Competitive Markets.15. Monopoly.16. Monopolistic Competition.17. Oligopoly.Part VI: THE ECONOMICS OF THE LABOR MARKET.18. The Markets for the Factors of Production.19. Earnings and Discrimination.20. Income Inequality and Poverty.Part VII: TOPICS FOR FURTHER STUDY.21. The Theory of Consumer Choice.22. Frontiers in Microeconomics.Part VIII: THE DATA OF MACROECONOMICS.23. Measuring a Nation's Income.24. Measuring the Cost of Living.Part IX: THE REAL ECONOMY IN THE LONG RUN.25. Production and Growth.26. Saving, Investment, and the Financial System.27. Tools of Finance.28. Unemployment and Its Natural Rate.Part X: MONEY AND PRICES IN THE LONG RUN.29. The Monetary System.30. Money Growth and Inflation.Part XI: THE MACROECONOMICS OF OPEN ECONOMICS.31. Open-Economy Macroeconomics: Basic Concepts.32. A Macroeconomic Theory of the Open Economy.Part XII: SHORT-RUN ECONOMIC FLUCTUATIONS.33. Aggregate Demand and Aggregate Supply.34. The Influence of Monetary and Fiscal Policy on Aggregate Demand.35. The Short-Run Tradeoff between Inflation and Unemployment.Part XIII: FINAL THOUGHTS.36. Six Debates over Macroeconomic Policy.