PART I:INTRODUCTION TO ECONOMICS.1. Introducing the Economic Way of Thinking.Appendix: Applying Graphs to Economics.2. Production Possibilities, Opportunity Cost, and Economic Growth.PART II: MICROECONOMIC FUNDAMENTALS.3. Market Demand and Supply.Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.4. Markets in Action.Appendix: Applying Supply and Demand Analysis to Health Care.PART III: MACROECONOMIC FUNDAMENTALS.5. Gross Domestic Product.Appendix: A Four-Sector Circular Flow Model.6. Business Cycles and Unemployment.7. Inflation.PART IV: MACROECONOMIC THEORY AND POLICY.8. The Keynesian Model.9. The Keynesian Model in Action.10. Aggregate Demand and Supply.Appendix: The Self-Correcting Aggregate Demand and Supply Model.11. Fiscal Policy.12. The Public Sector.13. Federal Deficits, Surpluses, and the National Debt.PART V: MONEY, BANKING, AND MONETARY POLICY14. Money and the Federal Reserve System.15. Money Creation.16. Monetary Policy.Appendix: Policy Disputes Using the Self-Correcting Aggregate Demand and Supply Model.17. The Phillips Curve and Expectations Theory.PART VI: THE INTERNATIONAL ECONOMY.18. International Trade and Finance.19. Economies in Transition.20. Growth and the Less-Developed Countries.Appendix A: Answers to Odd-Numbered Study Questions and Problems.Appendix B: Answers to Sample Quizzes.Appendix C: Answers to Road Map Questions.