Parkin: Brief Contents

part 1	Introduction	1
1	What Is Economics?	5
2	Making and Using Graphs	25
3	Production, Growth, and Trade	42
4	Demand and Supply	66
5	Elasticity	97
6	Markets in Action	118
part 2	Markets for Goods and Services	142
7	Utility and Demand	145
8	Possibilities, Preferences, and Choices	165
9	Organizing Production	190
10	Output and Costs	213
11	Competition	244
12	Monopoly	270
13	Monopolistic Competition and Oligopoly	296
part 3	Markets for Factors of Production	327
14	Pricing and Allocating Factors of Production	330
15	Labor Markets	356
16	Capital and Natural Resource Markets	377
17	Uncertainty and Information	400
part 4	Markets and Government	419
18	Market Failure and Public Choice	423
19	Inequality, Redistribution, and Health Care	445
20	Regulation and Antitrust Law	467
21	Externalities, the Environment, and Knowledge	489

Macroeconomics

part 5	Preliminaries and Long-Term Fundamentals	513
22	A First Look at Macroeconomics	517
23	Measuring GDP, Inflation, and Economic Growth	544
24	Employment and Unemployment	570
25	Investment, Capital, and Interest	593
26	Long-Term Economic Growth	621
part 6	Macroeconomic Fluctuations and Policies	650
27	Aggregate Supply and Aggregate Demand	654
28	Expenditure Multipliers	680
29	The Federal Budget and Fiscal Policy	709
30	Money	737
31	The Federal Reserve and Monetary Policy	767
32	Inflation	795
33	The Business Cycle	824
34	Macroeconomic Policy Challenges	856
part 7	The Global Economy	881
35	Trading with the World	885
36	The Balance of Payments and the Dollar	916
37	Emerging Economies	942