Economics, theory and practice

Preface. PART ONE: INTRODUCTION TO ECONOMICS. Introduction to Economics. Economic Decision Making and Economic Systems. Demand, Supply, and Price Determination. PART TWO: THE MACROECONOMY. Goals and Problems of the Macroeconomy: Employment, Prices, and Production. Foundations of the Macroeconomy. The Role of Government in the Macroeconomy. Money, Financial Institutions, and the Federal Reserve. Money Creation, Monetary Theory, and Monetary Policy. Macroeconomic Viewpoints and Models. PART THREE: THE MICROECONOMY. Households and Businesses: An Overview. Benefits, Costs, and Maximization. Production and the Costs of Production. Competition and Market Structures. Government and the Markets. Labor Markets, Unions, and the Distribution of Income. PART FOUR: THE INTERNATIONAL ECONOMY. International Trade. International Finance. Glossary. Answers to "Test Your Understanding". Credits. Index.