| Preface |
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xvii | |
| Economics and the Internet |
|
xxiii | |
| PART ONE BASIC CONCEPTS |
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1 | (64) |
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The Fundamentals of Economics |
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|
3 | (22) |
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|
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18 | (7) |
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Markets and Government in a Modern Economy |
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25 | (21) |
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Basic Elements of Supply and Demand |
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46 | (19) |
| PART TWO MICROECONOMICS: SUPPLY, DEMAND, AND PRODUCT MARKETS |
|
65 | (158) |
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Applications of Supply and Demand |
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67 | (18) |
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Demand and Consumer Behavior |
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|
85 | (23) |
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Geometrical Analysis of Consumer Equilibrium |
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102 | (6) |
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Production and Business Organization |
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108 | (17) |
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125 | (22) |
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Production, Cost Theory, and Decisions of the Firm |
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142 | (5) |
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Analysis of Perfectly Competitive Markets |
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147 | (19) |
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Imperfect Competition and Its Polar Case of Monopoly |
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166 | (17) |
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Oligopoly and Monopolistic Competition |
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183 | (20) |
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Uncertainty and Game Theory |
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203 | (20) |
| PART THREE FACTOR MARKETS: LABOR, LAND, AND CAPITAL |
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223 | (72) |
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How Markets Determine Incomes |
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225 | (18) |
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243 | (24) |
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267 | (28) |
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Markets and Economic Efficiency |
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286 | (9) |
| PART FOUR APPLIED MICROECONOMICS: INTERNATIONAL TRADE, GOVERNMENT, AND THE ENVIRONMENT |
|
295 | (116) |
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Comparative Advantage and Protectionism |
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297 | (25) |
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Government Taxation and Expenditure |
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322 | (22) |
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Promoting More Efficient Markets |
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344 | (19) |
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Protecting the Environment |
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363 | (22) |
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Efficiency vs. Equality: The Big Trade-off |
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385 | (26) |
| PART FIVE MACROECONOMICS: THE STUDY OF ECONOMIC GROWTH AND BUSINESS CYCLES |
|
411 | (154) |
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Overview of Macroeconomics |
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413 | (21) |
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432 | (2) |
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Measuring Economic Activity |
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434 | (21) |
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Consumption and Investment |
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455 | (21) |
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Business Fluctuations and the Theory of Aggregate Demand |
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476 | (15) |
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491 | (20) |
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Money, Banking, and Financial Markets |
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511 | (30) |
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Central Banking and Monetary Policy |
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|
541 | (24) |
| PART SIX ECONOMIC GROWTH AND MACROECONOMIC POLICY |
|
565 | (94) |
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The Process of Economic Growth |
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567 | (24) |
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The Challenge of Economic Development |
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591 | (21) |
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Exchange Rates and the International Financial System |
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612 | (23) |
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Open-Economy Macroeconomics |
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635 | (24) |
| PART SEVEN UNEMPLOYMENT, INFLATION, AND ECONOMIC POLICY |
|
659 | (95) |
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Unemployment and the Foundations of Aggregate Supply |
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661 | (22) |
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683 | (26) |
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The Warring Schools of Macroeconomics |
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709 | (21) |
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Policies for Growth and Stability |
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|
730 | (24) |
| Valediction |
|
754 | (2) |
| Glossary of Terms |
|
756 | (23) |
| Index |
|
779 | |