PART 1 INTRODUCTION TO ECONOMICS CHAPTER 1 EXPLORING ECONOMICS MODULE 1 What Is Economics? MODULE 2 Production Possibilities for a Nation MODULE 3 The World of Economics CHAPTER 2 COMPARING ECONOMIC SYSTEMS MODULE 4 Using Resources to Achieve Economic Goals MODULE 5 Types of Economic Systems MODULE 6 The Modern Market Economy CHAPTER 3 MAKING ECONOMIC DECISIONS MODULE 7 Understanding Costs and Benefits MODULE 8 Rational Decision Making MODULE 9 Behavioral Economics: Decision Making in Practice PART 2 SUPPLY AND DEMAND: FUNDAMENTAL FORCES IN MARKETS CHAPTER 4 THE DEMAND FOR GOODS AND SERVICES MODULE 10 Determining Demand MODULE 11 Shifts of the Demand Curve MODULE 12 Elasticity of Demand CHAPTER 5 THE SUPPLY OF GOODS AND SERVICES MODULE 13 Understanding Supply MODULE 14 Shifts of the Supply Curve MODULE 15 Production, Cost, and the Profit-Maximizing Output Level CHAPTER 6 PRICES AND QUANTITIES: PUTTING SUPPLY AND DEMAND TOGETHER MODULE 16 Supply and Demand MODULE 17 Changes in Supply and Demand MODULE 18 Shortages, Surpluses, and the Role of Prices PART 3 MARKET EFFICIENCY AND WELFARE CHAPTER 7 BUSINESS ORGANIZATIONS MODULE 19 Businesses and the Economy MODULE 20 Types of Businesses MODULE 21 How Businesses Grow MODULE 22 Business Ethics CHAPTER 8 MARKET STRUCTURE MODULE 23 Monopoly MODULE 24 Oligopoly and Monopolistic Competition MODULE 25 Regulating Market Power CHAPTER 9 MARKET FAILURE AND GOVERNMENT FAILURE MODULE 26 When the Invisible Hand Is All Thumbs: Market Failure MODULE 27 The Heavy Hand of Government: Government Failure PART 4 APPLICATIONS OF MICROECONOMICS CHAPTER 10 TAXES: THE PRICE OF A FUNCTIONING GOVERNMENT MODULE 28 Why and How Are We Taxed? MODULE 29 Responding to Taxes MODULE 30 Evaluating Taxes CHAPTER 11 LABOR MARKETS MODULE 31 Labor Demand MODULE 32 Labor Supply and Labor Market Equilibrium MODULE 33 The Skills of Workers and the Quality of Jobs CHAPTER 12 PERSONAL FINANCE: MANAGING YOUR MONEY MODULE 34 Finding a Job MODULE 35 Creating a Budget MODULE 36 Essential Elements of Personal Finance MODULE 37 Investing and Personal Financial Planning PART 5 MACROECONOMICS CHAPTER 13 MACROECONOMIC PERFORMANCE MODULE 38 Measuring National Output and Income MODULE 39 Economic Growth MODULE 40 Business Cycles CHAPTER 14 UNEMPLOYMENT AND INFLATION MODULE 41 Unemployment MODULE 42 Inflation MODULE 43 Unemployment, Inflation, and the Business Cycle CHAPTER 15 FISCAL POLICY MODULE 44 Government Revenue and Spending MODULE 45 Deficits and the National Debt MODULE 46 Managing the Business Cycle CHAPTER 16 MONEY, BANKING, AND FINANCIAL MARKETS MODULE 47 What Is Money? MODULE 48 The Banking System MODULE 49 The Role of Financial Markets in the Real Economy CHAPTER 17 THE FEDERAL RESERVE SYSTEM AND MONETARY POLICY MODULE 50 The Federal Reserve System MODULE 51 The Federal Reserve and Traditional Monetary Policy MODULE 52 Extraordinary Times, Extraordinary Tools PART 6 INTERNATIONAL TRADE AND DEVELOPMENT CHAPTER 18 TRADE AND THE GLOBAL ECONOMY MODULE 53 The Benefits of International Trade MODULE 54 Barriers to Trade MODULE 55 Foreign Exchange and the Balance of Trade CHAPTER 19 ECONOMIC DEVELOPMENT AND GLOBAL CHALLENGES MODULE 56 Measuring Economic Development MODULE 57 Economic Issues in Developing Countries MODULE 58 Globalization and Its Challenges PERSONAL FINANCE HANDBOOK SECTION 1: Take It to the Bank SECTION 2: Get Interested in Money Math SECTION 3: Learn to Earn SECTION 4: Save and Invest Money SECTION 5: Give Yourself Some Credit SECTION 6: Borrow without Sorrow SECTION 7: Manage Your Money SECTION 8: Protect Yourself from Risk SKILLS HANDBOOK SECTION 1: Critical Thinking Skills SECTION 2: Data Bank SECTION 3: Atlas SECTION 4: Reading Graphs and Other Visual SECTION 5: Test- Taking Skills GLOSSARY/GLOSARIO REVIEWERS INDEX.