Preface
To the Instructor
Chapter 1 The Economic Approach
Perspectives in Economics: What Is Seen and What Is Not Seen
Chapter 2 Some Tools of the Economist
Perspectives in Economics: Economics by Any Other Name
Chapter 3 Market Decisions and the Market Process
Perspectives in Economics: Moonshiners in the South Find Sales Are Down As Their Costs Go Up
Chapter 4 A Bird's-Eye View of the Public Sector
Perspectives in Economics: Why Politicians Won't Cut Taxes
Chapter 5 Taxes and Government Spending
Perspectives in Economics: How Government Profits from Inflation
Chapter 6 Taking the Nation's Economic Pulse
Perspectives in Economics: GNP: Pluses and Minuses
Chapter 7 Unemployment, Inflation, and Business Cycles
Perspectives in Economics: The Awful Year Inflation Ran Wild
Chapter 8 Aggregate Equilibrium and a Simple Keynesian Model
Perspectives in Economics: The Wizard Who Oversimplified: A Fable
Chapter 9 The Multiplier, the Accelerator and a Keynesian View of the Business Cycle
Perspectives in Economics: The Impact of Keynes and the General Theory
Chapter 10 Fiscal Policy
Perspectives in Economics: To Balance or Not to Balance
Chapter 11 Money and the Banking System
Perspectives in Economics: How the Federal Reserve Decides How Much Money to Put into the Economy
Chapter 12 Money, Employment, Inflation, and a More Complete Keynesian Model
Perspectives in Economics: Another Great Depression?
Chapter 13 The Monetarist Challenge to the Keynesian View
Perspectives in Economics: The Shift toward Monetarism
Chapter 14 Unemployment, Inflation, and the Limits of Macropolicy
Perspectives in Economics: How Expectations Defeat Economic Policy
Chapter 15 Instability, Stagflation, and the Direction of Macroeconomics
Perspectives in Economics: The Employment-Unemployment Riddle
Perspectives in Economics: An Anti-Inflation Plan to Induce More Restraint on Wages and Price
Chapter 16 Demand and Consumer Choice
Perspectives in Economics: Fare Rise Hits Buses Harder Than Subway, M.T.A. Says
Chapter 17 Costs and Producer Decisions
Perspectives in Economics: On Average and Marginal Cost
Chapter 18 The Firm Under Pure Competition
Perspectives in Economics: The Economic Organization of a Prison Camp
Chapter 19 Monopolistic Competition, Product Differentiation, and Low Barriers to Entry
Chapter 20 Monopoly and High Barriers to Entry
Perspectives in Economics: The Parable of the Parking Lots
Perspectives in Economics: Competition and Monopoly
Chapter 21 Oligopoly and the World of Big Business
Perspectives in Economics: Capitalism, Big Business, and the Process of Creative Destruction
Chapter 22 Business Structure, Competition, and Public Policy
Perspectives in Economics: Conversation with an Inconvenient Economist
Chapter 23 The Supply and Demand of Productive Resources
Chapter 24 Earnings, Skill Acquisition, and the Job Market
Perspectives in Economics: Labor Market Myths
Perspectives in Economics: Legislating Unemployment
Chapter 25 Capital, Interest, and Profit
Perspectives in Economics: Round About Methods of Production
Chapter 26 Union Power—A Shield or a Threat?
Perspectives in Economics: Unions: Scapegoat for Inflation
Chapter 27 Inequality, Income Mobility, and the Battle Against Poverty
Perspectives in Economics: The Roller Coaster Income Tax
Chapter 28 Employment Discrimination and the Earnings of Blacks and Women
Perspectives in Economics: After Shrinking, the Gap Widens Again between Black and White Family Income
Chapter 29 The Energy Market
Perspectives in Economics: What Must Be Done
Chapter 30 Problem Areas for the Market
Perspectives in Economics: The Concept of Public Goods
Chapter 31 Public Choice and Gaining from Government
Perspectives in Economics: The Public Use of Private Interest
Chapter 32 The Economics of Government Failure
Perspectives in Economics: Doing More with Less
Perspectives in Economics: The Case for User Fees
Chapter 33 Gaining from International Trade
Perspectives in Economics: Unfair Competition with the Sun
Perspectives in Economics: A Loaf of Bread for a Jug of Wine
Chapter 34 International Finance and Balance of Payments
Perspectives in Economics: Lessons of History for OPEC
Chapter 35 Economic Development and the Growth of Income
Chapter 36 Comparative Economic Systems
Perspectives in Economics: Russia's Economic Planning Shift
Answer Key