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LibraryPirate

contents Part

I Introduction

1

Part

1 Ten Principles of Economics 3 2 Thinking Like an Economist 21 3 Interdependence and the Gains from Trade 49

Part

II How Markets Work

Part

63

III Markets and Welfare

133

IV The Economics of the Public Sector

10 Externalities 195 11 Public Goods and Common Resources 217

Part

VII The Real Economy in the Long Run

345

VIII Money and Prices in the Long Run

433

17 18 19 20

Part

7 Consumers, Producers, and the Efficiency of Markets 135 8 Application: The Costs of Taxation 155 9 Application: International Trade 171

Part

305

15 Measuring a Nation’s Income 307 16 Measuring the Cost of Living 329

4 The Market Forces of Supply and Demand 65 5 Elasticity and Its Application 89 6 Supply, Demand, and Government Policies 111

Part

VI The Data of Macro­economics

193

Production and Growth 347 Saving, Investment, and the Financial System 371 The Basic Tools of Finance 393 Unemployment 409

21 The Monetary System 435 22 Money Growth and Inflation 459

Part

IX Short-Run ­Economic ­Fluctuations

485

23 Aggregate Demand and Aggregate Supply 487 24 The Influence of Monetary and Fiscal Policy on Aggregate Demand 525

V Firm Behavior and the Organization of Industry 233

12 The Costs of Production 235 13 Firms in Competitive Markets 255 14 Monopoly 275

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