Economics

Contents of Indian Adaptation
A Centrist Proclamation
Preface
Preface to the Indian Adaptation
For the Student: Economics and Internet
Useful Websites on Indian Economy
Part 1 Basic Concept
1. The Central Concepts of Economics
? Appendix
2. The Modern Mixed Economy
3. Basic Elements of Supply and Demand
? Appendix 3
Part 2 Microeconomics: Supply, Demand, andProduct Markets
4. Supply and Demand: Elasticity and Applications
5. Demand and Consumer Behavior
? Appendix 5
6. Production and Business Organization
7. Analysis and Costs
? Appendix 7
8. Analysis of Perfectly Competitive Markets
9. Imperfect Competition and Monopoly
10. Competition Among the Few
11. Economics of Uncertainty
Part 3 Factor Markets: Labor, Land, and Capital
12. How Markets Determine Incomes
13. The Labor Market
14. Land, Natural Resources, and the Environment
15. Capital, Interest, and Profits
Part 4 Applications ofEconomic Principles
16. Government Taxation and Expenditure
? Appendix 16
17. Efficiency vs. Equality: The Big Tradeoff
? Appendix 17
18. International Trade
? Appendix 18
Part 5 Macroeconomics: Economic Growth andBusiness Cycles
19. Overview of Macroeconomics
? Appendix 19
20. Measuring Economic Activity
? Appendix 20
21. Consumption and Investment
? Appendix 21
22. Business Cycles and Aggregate Demand
? Appendix 22
23. Money and the Financial System
? Appendix 23
24. Monetary Policy and the Economy
? Appendix 24
Part 6 Growth, Development, and the Global Economy
25. Economic Growth
? Appendix 25
26. The Challenge of Economic Development
? Appendix 26
27. Exchange Rates and the International Financial System
? Appendix 27
28. Open-Economy Macroeconomics
? Appendix 28
Part 7 Unemployment, Inflation, and Economic Policy
29. Unemployment and the Foundations of Aggregate Supply
? Appendix 29
30. Inflation
? Appendix 30
31. Frontiers of Macroeconomics
Glossary of Terms
Index

This revised edition continues to emphasize the Analytical Core of Economics with particular attention to economic growth and analysis of market economics. This emphasis helps foster a focus on the most important concepts in the principles course.