Interactive Quizzes

Part I Getting Acquainted with Economics
1 What Is Economics?
2 Scarcity and Choice: The Economic Problem
3 Supply and Demand: An Initial Look

Part II The Building Blocks of Demand and Supply
4 Consumer Choice: Individual and Market Demand
5 Demand and Elasticity
6 Production, Inputs, and Cost: Building Blocks for Supply Analysis
7 Output, Price, and Profit: The Importance of Marginal Analysis

Part III Markets, from Competition to Monopoly: Virtues and Vices
8 The Firm and the Industry under Perfect Competition
9 The Price System and the Case for Free Markets
10 Monopoly
11 Between Competition and Monopoly
12 The Market Mechanism: Shortcomings and Remedies
13 Microeconomics of the "New Economy": Innovation and Growth
14 Real Firms and their Financing: Stocks and Bonds

Part IV The Distribution of Income
15 Pricing the Factors of Production
16 Labor: The Human Input
17 Poverty, Inequality, and Discrimination

Part V The Government and the Economy
18 Limiting Market Power: Regulation and Antitrust
19 Taxation and Resource Allocation
20 Externalities, the Environment and Natural Resources

Part VI The Macroeconomy: Aggregate Supply and Demand
21 The Realm of Macroeconomics
22 The Goals of Macroeconomic Policy
23 Economic Growth: Theory and Policy
24 Aggregate Demand and the Powerful Consumer
25 Demand-Side Equilibrium: Unemployment or Inflation?
26 Supply-Side Equilibrium: Unemployment and Inflation?

Part VII Fiscal and Monetary Policy
27 Managing Aggregate Demand: Fiscal Policy
28 Money and the Banking System
29 Monetary Policy and the National Economy
30 The Debate Over Monetary and Fiscal Policy
31 Fiscal Policy, Monetary Policy, and Growth
32 Inflation and Growth: The Phillips Curve

Part VIII The United States in the World Economy
33 International Trade and Comparative Advantage
34 The International Monetary System: Order or Disorder?
35 Exchange Rates and the Macroeconomy