I: Introduction

Chapter 1: Economics and Economic Reasoning
Chapter 2: Trade and Tradeoffs +
Chapter 3: The Evolving U.S. Economy in Perspective +
Chapter 4: Supply and Demand
Chapter 5: Applying Supply and Demand

II: Microeconomics

I: Microeconomics: The Basics

Chapter 6: Describing Supply and Demand: Elasticities
Chapter 7: Taxation and Government Intervention

II: Foundations of Supply and Demand

Chapter 8: The Logic of Individual Choice: The Foundation of Supply and Demand
Chapter 9: Production and Cost Analysis I
Chapter 10: Production and Cost Analysis II

III Market Structure and Policy

Chapter 11: Perfect Competition
Chapter 12: Monopoly
Chapter 13: Monopolistic Competition, Oligopoly, and Strategic Pricing
Chapter 14: Real-World Competition and Technology +
Chapter 15: Antitrust Policy and Regulation

IV: Factor Markets

Chapter 16: Work and the Labor Market
Chapter 17: Who Gets What? The Distribution of Income

V: Applying Economic Reasoning to Policy

Chapter 18: Government Policy and Market Failures
Chapter 19: Politics and Economics: The Case of Agriculture
Chapter 20: Microeconomic Policy, Economic Reasoning, and Beyond
Chapter 21: International Trade Policy

III: Macroeconomics

I: Macroeconomic Problems

Chapter 22: Economic Growth, Business Cycles, Unemployment, and Inflation
Chapter 23: National Income Accounting

II: The Macroeconomic Framework

Chapter 24: Growth, Productivity, and the Wealth of Nations
Chapter 25: Aggregate Demand, Aggregate Supply, and Modern Macroeconomics
Chapter 26: The Multiplier Model

III: Money and Monetary Policy

Chapter 27: Money, Banking, and the Financial Sector
Chapter 28: Monetary Policy and the Debate about Macro Policy
Chapter 29: Inflation and Its Relationship to Unemployment and Growth +

IV: Policy Issues in Depth

Chapter 30: Aggregate Demand Policy in Perspective +
Chapter 31: Politics, Surpluses, Deficits, and Debt +
Chapter 32: Macro Policies in Developing Countries *

V: International Policy Issues

Chapter 33: International Finance +
Chapter 34: Monetary and Fiscal Policy in a Global Setting * indicates new chapter + indicates heavily revised chapter