Economics : the Science of Choice

Part one. Basec concepts -- 1. The study of economics -- 2. Scarcity, choice, and mutual dependence -- 3. Prices, markets, and resource allocation -- 4. Mixed capitalism: Business firms and the government -- -- Part two. Macroeconomics: Employment, inflation, fiscal policy, monetary policy, economic stability, and economic growth -- 5. National economic goals and goal conflicts: an analysis of the record -- 6. The national income and products accounts -- 7. Static models of income determination: the classical and Keynesian approaches -- Appendix: The short-run and long-run consumption function -- 8. Fiscal policy and national income determination: a static approach -- 9. Money and the U.S. financial system -- 10. Credit expansion and contraction -- 11. Money and the level of economic activity: a static analysis -- 12. Aggregate demand, aggregate supply, and the price level -- 13. The macrodynamics of aggregate demand and aggregate supply -- 14. Unemployment, inflation, and growth: demand management and supply-side policy issues -- 15. The balance of payments and the international monetary system -- -- Part three. Microeconomics of consumer and business behavior: Price and output determination in product markets -- 16. Demand, supply, and the clasticity concept -- 17. Utility theory and the theory of demand -- Appendix: indifference curve analysis -- 18. Costs, profits, and product supply -- 19. Pure competition and competitive product supply -- 20. Monopoly and pure competition: a study of contrasts -- 21. Monopolistic competition and oligopoly -- -- Part four. Microeconomics of consumer and business behavior: Price determination in resource markets and distribution of income -- 22. Theory of production and resouce use -- 23. Labor income:; Its determination and districution -- 24. Rent, interest, and profits -- 25. The economics of depletable resources -- 26. Income inequality -- 27. Government and the private sector: Antitrust policies and other government regulations -- 28. Government and the private sector: The general problem of externalities -- -- Part five. The United States and the world economy -- 29. Trade and trade restrictions -- 30. Trade liberalization and U.S. commercial policies -- Index