PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY ; To the Student 1 ; Limits, Alternatives, and Choices (+ Appendix) 2 ; The Market System and the Circular Flow ; PART 2: PRICE, QUANTITY, AND EFFICIENCY 3; Demand, Supply, and Market Equilibrium (+ Appendix) 4 ; Elasticity 5 ; Market Failures: Public Goods and Externalities PART 3: MICROECONOMICS of PRODUCT MARKETS 6; Consumer Behavior (+ Appendix) 7; Businesses and the Costs of Production 8; Pure Competition in the Short Run 9 ; Pure Competition in the Long Run 10; Pure Monopoly 11; Monopolistic Competition and Oligopoly (+ Appendix) 11w Technology, R&D, and Efficiency PART 4: MICROECONOMICS of RESOURCE MARKETS 12; The Demand for Resources 13; Wage Determination (+ Appendix) 14; Rent, Interest, and Profit 15; Natural Resource and Energy Economics PART 5: MICROECONOMICS of GOVERNMENT 16 ; Public Finance: Expenditures and Taxes 17 ; Asymmetric Information, Voting, and Public Choice PART 6: MICROECONOMIC ISSUES and POLICIES 18; Antitrust Policy and Regulation 19; Agriculture: Economics and Policy 20; Income Inequality and Poverty 21; Health Care 22; Immigration PART 7: INTERNATIONAL ECONOMICS 23; International Trade (Econ Ch 37) 24; The Balance of Payments, Exchange Rates, and Trade Deficits (Econ Ch 38) OPTIONAL CONTENT FOR INSTRUCTORS (Available for instructors on the OLC) COI 1; The United States and the Global Economy COI 2; Previous International Exchange-Rate Systems