Economics / Ralph T. Byrns, Gerald W. Stone.

Preface for the instructor, xxi -- Introduction for the student, xxvi -- Graphical techniques in economics, xxx -- Part one. An introduction to economics, 2 -- Chapter one. Some fundamental concepts of economics, 2 -- Chapter Two. Scarcity, opportunity costs, and choice, 15 -- Chapter three. Fundamental concepts of supply and demand, 31 -- Chapter four. The price system: markets and equilibrium, 47 -- Part two. The institutional fabric of the economy, 70 -- Chapter five. The private sector: households and businesses, 70 -- Chapter six. The Public Sector: Government, 93 -- Part three. Problems and measurements of economic performance, 116 -- Chapter seven. Unemployment and inflation: measurement and issues, 116 -- Chapter eight. Gross national product (GNP) and the national income, 140 -- Chapter nine. Business cycles and early theories of fluctuations in economic activity, 160 -- Part four. Keynesian national income and employment theory: demand-based macroeconomics, 184 -- Chapter ten. Aggregate demand: consumption, investment, and government spending, 184 -- Chapter eleven. The equilibrium level of output, employment, and income, 206 -- Chapter twelve. Fiscal policy: government taxing and spending, 226 -- Part five. Money: another dimension of demand-side macroeconomics, 254 -- Chapter thirteen. Money and its creation, 254 -- Chapter fourteen. The federal reserve system and financial institutions, 274 -- Chapter fifteen. Monetary theory and policy, 293 -- Part six. Controversies in stabilization policy: problems from the supply side, 320 -- Chapter sixteen. The foundations of aggregate demands and supplies, 320 -- Chapter seventeen. Stagflation: the policymakers' dilemma, 340 -- Chapter eighteen. Limitations of stabilization policy, 362 -- Part seven. Growth, development, and alternative economic systems, 388 -- Chapter nineteen. Economic growth and development, 388 -- Chapter twenty. Critiques of capitalism and its alternatives, 409 -- Part eight. Fundamentals of microeconomics, 434 -- Chapter twenty-one, 434 -- Elasticity: concepts, problems, and applications, 434 -- Chapter twenty-two. The Foundations of Consumer Choice, 450 -- Chapter twenty-three. Foundations of Producer Decisionmaking, 470 -- Part nine. The structure of product markets, 497 -- Chapter twenty-four. The competitive ideal, 497 -- Chapter twenty-five. Monopoly, 524 -- Chapter twenty-six. Imperfect competition: oligopoly and monopolistic competition, 546 -- Chapter twenty-seven. Antitrust policy: reducing monopoly power, 566 -- Chapter twenty-eight. The role of government regulation, 585 -- Part ten. Markets for productive resources and the problem of income distribution, 612 -- Chapter twenty-nine. Wages and employment in competitive labor markets, 612 -- Chapter thirty. Imperfect labor markets: unions and collective bargaining, 635 -- Chapter thirty-one. Rent, interest, profits, and capitalization, 657 -- Chapter thirty-two. The distribution of income and wealth, 676 -- Part eleven. Microeconomics of public policy, 699 -- Chapter thirty-three. The microeconomics of government taxing and spending, 699 -- Chapter thirty-four. Economics of environmental protection, 729 -- Chapter thirty-five. Economics of energy, 751 -- Part twelve. The international economy, 785 -- Chapter thirty-six. International trade, 785 -- Chapter thirty-seven. International finance, 805 -- Epilogue, 822 -- Glossary, 823 -- Index, 843.