Description
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Table of Contents
I. Introduction
1. Getting Started
2. The U.S. and Global Economies
3. The Economic Problem
4. Demand and Supply
II. A Closer Look at Markets
5. Elasticities of Demand and Supply
6. Efficiency and Fairness of Markets
III. How Governments Influence the Economy
7. Government Actions in Markets
8. Taxes
9. Global Markets in Action
IV. Market Failure and Public Policy
10. Externalities
11. Public Goods and Common Resources
12. Markets with Private Information
V. A Closer Look at Decision Makers
13. Consumer Choice and Demand
14. Production and Cost
VI. Prices, Profits, and Industry Performance
15. Perfect Competition
16. Monopoly
17. Monopolistic Competition
18. Oligopoly
VII. Incomes and Inequality
19. Markets for Factors of Production
20. Economic Inequality
