About the Author. Brief Contents. Table of Contents. Preface. Part I: INTRODUCTION. 1. Ten Principles of Economics. 2. Thinking Like an Economist. 3. Interdependence and the Gains from Trade. Part II: HOW MARKETS WORK. 4. The Market Forces of Supply and Demand. 5. Elasticity and Its Application. 6. Supply, Demand, and Government Policies. Part III: MARKETS AND WELFARE. 7. Consumers, Producers, and the Efficiency of Markets. 8. Application: The Costs of Taxation. 9. Application: International Trade. Part IV: THE DATA OF MACROECONOMICS. 10. Measuring a Nation’s Income. 11. Measuring the Cost of Living. Part V: THE REAL ECONOMY IN THE LONG RUN. 12. Production and Growth. 13. Saving, Investment, and the Financial System. 14. The Basic Tools of Finance. 15. Unemployment. Part VI: MONEY AND PRICES IN THE LONG RUN. 16. The Monetary System. 17. Money Growth and Inflation. Part VII: THE MACROECONOMICS OF OPEN ECONOMICS. 18. Open-Economy Macroeconomics: Basic Concepts. 19. A Macroeconomic Theory of the Open Economy. Part VIII: SHORT-RUN ECONOMIC FLUCTUATIONS. 20. Aggregate Demand and Aggregate Supply. 21. The Influence of Monetary and Fiscal Policy on Aggregate Demand. 22. The Short-Run Tradeoff between Inflation and Unemployment. Part IX: FINAL THOUGHTS. 23. Six Debates over Macroeconomic Policy. Appendix: How Economists Use Data. Glossary. Index.