Chapter 1: Foundations of Economics 1.1 Economics, Microeconomics, Macroeconomics 1.2 Resources and Three Problems 1.3 Scientific Method and Positive Normative Analysis 1.4 The Market System 1.5 Production Possibilities Frontiers 1.6 Gains From Trade Chapter 2: Demand and Supply 2.1 Demand 2.2 Variables That Shift Demand 2.3 Supply 2.4 Market Equilibrium and Changes of Equilibrium 2.5 Effect of Tax on Equilibrium 2.6 Applications of Demand and Supply Chapter 3: Elasticity 3.1 The Price Elasticity of Demand 3.2 The Determinant of Price Elasticity of Demand 3.3 Other Elasticities Chapter 4: Consumer Behavior 4.1 Consumer Preferences 4.2 The Budget Line 4.3 Consumer Choice 4.4 Changes in Consumer Choice 4.5 Income and Substitution Effect Chapter 5: Production and Cost 5.1 Production in the Short Run 5.2 Cost in the Short Run 5.3 Production in the Long Run 5.4 Cost in the Long Run Chapter 6: Perfect Competition 6.1 Perfectly Competitive Market 6.2 The Shutdown Decision and the Short Run Supply Curve 6.3 The Industry Long Run Supply Curve Chapter 7: Economic Efficiency 7.1 Consumer Surplus and Producer Surplus 7.2 Price Ceiling 7.3 Price Floor 7.4 Sales Tax 7.5 Subsidy 7.6 Open Economy Chapter 8: Monopoly 8.1 Price and Output 8.2 Economic Efficiency 8.3 Price Discrimination Chapter 9: Monopolistic Competition 9.1 Profit in the Short Run and Long Run 9.2 Comparing Pure Competition and Monopolistic Competition Chapter 10: Oligopoly and Game Theory 10.1 The Kinked Demand Curve 10.2 Pigs in a Box 10.3 Prisoners’ Dilemma 10.4 Sequential Games Chapter 11: GDP: Measuring Total Production and Income 11.1 GDP and GNP 11.2 Components of GDP 11.3 Problems of GDP 11.4 Other Measures of Total Production and Total Income Chapter 12:Unemployment and Inflation 12.1 Measuring the Unemployment Rate 12.2 Types of Unemployment 12.3 Explaining Unemployment 12.4 Consumer Price Index 12.5 Is CPI Accurate? Chapter 13: Long-Run Economic Growth and Business Cycle 13.1 Long-Run Growth 13.2 The Financial System 13.3 The Business Cycle Chapter 14:The Aggregate Expenditure Model 14.1 The Determinant of Aggregate Expenditure 14.2 The Consumption Function and the AE Model 14.3 The Application of the AE Model Chapter 15:Aggregate Demand and Aggregate Supply 15.1 The Shape of the AD and AS 15.2 Recession, Expansion and Supply Shocks 15.3 A Dynamic AD-AS Model Chapter 16:Monetary Policy 16.1 How Banks Create Money 16.2 The Demand and Supply of Money 16.3 Monetary Policy and Economic Activity Chapter 17:Fiscal Policy 17.1 The Tools of Fiscal Policy 17.2 The Limits of Fiscal Policy