Enhanced descriptions from Syndetics:

Written by two highly respected economists and educators, the text uses the "Stories, Graphs, and Equations" approach to make economic concepts accessible and relevant to student with various learning styles. Known for its unified and logical structure, lively writing style, clear explanations and unparalleled supplements packages, the text supports both the instructor and the student through this first, often challenging, economic course. Case/Fair is one of the most widely adopted texts in this market, nationwide!

Table of contents provided by Syndetics

• Preface
• Introduction
• Part 1 Introduction to Economics (p. 1)
• 1. The Scope and Method of Economics (p. 1)
• Why Study Economics? (p. 2)
• The Scope of Economics (p. 6)
• The Methods of Economics (p. 8)
• 2. The Economic Problem: Scarcity and Choice (p. 25)
• Scarcity, Choice, and Opportunity Cost (p. 26)
• Economic Systems (p. 36)
• 3. Demand, Supply, and Market Equilibrium (p. 45)
• Firms and Households: The Basic Decision-Making Units (p. 46)
• Input Markets and Output Markets: The Circular Flow (p. 46)
• Demand in Product/Output Markets (p. 48)
• Supply in Product/Output Markets (p. 57)
• Market Equilibrium (p. 62)
• Demand and Supply in Product Markets: A Review (p. 68)
• Looking Ahead: Markets and the Allocation of Resources (p. 68)
• 4. The Price System and Demand and Supply (p. 75)
• The Price System: Rationing and Allocating Resources (p. 75)
• Supply and Demand Analysis: An Oil Import Fee (p. 82)
• Macroeconomics
• Part 2 Concepts and Problems in Macroeconomics (p. 89)
• 5. Introduction to Macroeconomics (p. 89)
• The Roots of Macroeconomics (p. 90)
• Macroeconomic Concerns (p. 92)
• Government in the Macroeconomy (p. 94)
• The Components of the Macroeconomy (p. 95)
• The Methodology of Macroeconomics (p. 98)
• The U.S. Economy in the Twentieth Century: Trends and Cycles (p. 100)
• 6. Measuring National Output and National Income (p. 107)
• Gross Domestic Product (p. 107)
• Calculating Gdp (p. 110)
• The Income Approach (p. 114)
• From Gdp to Disposable Personal Income (p. 116)
• Nominal Versus Real Gdp (p. 118)
• Limitations of the Gdp Concept (p. 121)
• 7. Long-Run and Short-Run Concerns: Growth, Productivity, Unemployment, and Inflation (p. 127)
• Long-Run Output and Productivity Growth (p. 127)
• Recessions, Depressions, and Unemployment (p. 130)
• Inflation (p. 138)
• Part 3 The Goods and Money Markets (p. 145)
• 8. Aggregate Expenditure and Equilibrium Output (p. 145)
• Aggregate Output and Aggregate Income (Y) (p. 146)
• Equilibrium Aggregate Output (Income) (p. 154)
• The Multiplier (p. 159)
• 9. The Government and Fiscal Policy (p. 169)
• Government in the Economy (p. 170)
• Fiscal Policy at Work: Multiplier Effects (p. 175)
• Adding the International Sector (p. 180)
• The Federal Budget (p. 180)
• The Economy's Influence on the Government Budget (p. 185)
• 10. The Money Supply and the Federal Reserve System (p. 193)
• An Overview of Money (p. 193)
• How Banks Create Money (p. 197)
• The Federal Reserve System (p. 203)
• How The Federal Reserve Controls the Money Supply (p. 208)
• 11. Money Demand, the Equilibrium Interest Rate, and Monetary Policy (p. 219)
• The Demand for Money (p. 220)
• The Equilibrium Interest Rate (p. 227)
• Looking Ahead: The Federal Reserve and Monetary Policy (p. 230)
• Part 4 Macroeconomic Analysis (p. 237)
• 12. Money, the Interest Rate, and Output: Analysis and Policy (p. 237)
• The Links Between the Goods Market and the Money Market (p. 238)
• Combining the Goods Market and the Money Market (p. 242)
• Other Determinants of Planned Investment (p. 248)
• 13. Aggregate Demand, Aggregate Supply, and Inflation (p. 255)
• The Aggregate Demand Curve (p. 255)
• The Aggregate Supply Curve (p. 261)
• The Equilibrium Price Level (p. 266)
• The Long-Run Aggregate Supply Curve (p. 267)
• Aggregate Demand, Aggregate Supply, and Monetary and Fiscal Policy (p. 268)
• Causes of Inflation (p. 271)
• 14. The Labor Market, Unemployment, and Inflation (p. 281)
• The Labor Market: Basic Concepts (p. 281)
• The Classical View of the Labor Market (p. 282)
• Explaining the Existence of Unemployment (p. 285)
• The Short-Run Relationship Between the Unemployment Rate and Inflation (p. 287)
• The Long-Run Aggregate Supply Curve, Potential GDP, and the Natural Rate of Unemployment (p. 293)
• 15. Macroeconomic Issues and Policy (p. 301)
• The Effects of the Stock Market on the Economy (p. 301)
• The Federal Reserve's Respoinse to the State of the Economy (p. 303)
• Lags in the Economy's Response to Monetary and Fiscal Policy (p. 306)
• Government Budget Policy (p. 310)
• Business Cycles in other Countries (p. 314)
• 16. Household and Firm Behavior in the Macroeconomy: A Further Look (p. 319)
• Households: Consumption and Labor Supply Decisions (p. 320)
• Firms: Investment and Employment Decisions (p. 330)
• Productivity and the Business Cycle (p. 337)
• The Relationship Between Output and Unemployment (p. 338)
• The Size of the Multiplier (p. 339)
• 17. Long-Run Growth (p. 345)
• The Growth Process: From Agriculture to Industry (p. 345)
• The Sources of Economic Growth (p. 347)
• Growth and Productivity in the United States (p. 351)
• Economic Growth and Public Policy (p. 354)
• The Pros and Cons of Growth (p. 358)
• 18. Debates in Macroeconomics: Monetarism, New Classical Theory, and Supply-Side Economics (p. 365)
• Keynesian Economics (p. 365)
• Monetarism (p. 366)
• New Classical Macroeconomics (p. 371)
• Supply-Side Economics (p. 375)
• Testing Alternative Macroeconomic Models (p. 377)
• International Economics
• Part 5 The World Economy (p. 381)
• 19. International Trade, Comparative Advantage, and Protectionism (p. 381)
• Trade Surpluses and Deficits (p. 382)
• The Economic Basis for Trade: Comparative Advantage (p. 383)
• The Sources of Comparative Advantage (p. 391)
• Trade Barriers: Tariffs, Export Subsidies, and Quotas (p. 392)
• Free Trade or Protection? (p. 395)
• An Economic Consensus (p. 400)
• 20. Open-Economy Macroeconomics: The Balance of Payments and Exchange Rates (p. 405)
• The Balance of Payments (p. 407)
• Equilibrium Output (Income) in an Open Economy (p. 410)
• The Open Economy with Flexible Exchange Rates (p. 414)
• An Interdependent World Economy (p. 424)
• 21. Economic Growth in Developing and Transitional Economies (p. 433)
• Life in the Developing Nations: Population and Poverty (p. 434)
• Economic Development: Sources and Strategies (p. 436)
• Issues in Economic Development (p. 443)
• Economies in Transition (p. 447)
• The End of the Soviet Union (p. 449)
• The Transition to a Market Economy (p. 451)
• Glossary (p. 1)
• Solutions to Even-Numbered Problems (p. 1)
• Index (p. 1)
• Photo Credits (p. 1)