Economic Logic Fourth Edition
Intro -- 1. What Is Economics? -- 2. The Fundamentals of Economic Behavior -- 3. Production, Exchange and Consumption: The Structure of Economic Activity -- 4. The Theory of the Firm: The Role of Profit and Loss -- 5. Determining Prices and Output: The Law of Demand -- 6. Supply and Demand -- 7. How Costs Affect Prices -- 8. Monopoly and Competition -- 9. The Factors of Production: Land, Rent and Natural Resources -- 10. The Factors of Production: Wages, Employment and the Productivity of Labor -- 11. The Factors of Production: Capital and Interest -- 12. The Factors of Production: The Role of Entrepreneurship -- 13. Financing Capitalism: Stock and Bond Markets -- 14. Understanding the Macro Economy -- 15. Measures of Economic Activity, Income and Wealth -- 16. Price Inflation and the Purchasing Power of Money -- 17. Economic Growth: The Role of Saving, Investment, and Technology -- 18. Money and the Commercial Banking System -- 19. Inflation, Central Banking and Monetary Policy -- 20. Fiscal Policy and the Role of Government -- 21. Government Revenues and Tax Policy -- 22. Deficit Spending and the National Debt -- 23. Government Regulations and Controls -- 24. Environmental Economics -- 25. Expansion and Contraction: Economics of the Business Cycle -- 26. Globalization, Protectionism and Free Trade -- 27. Development Economics: Capitalism, Socialism and Democracy -- 28. What Do Economists Do? -- Glossary of Economic Terms -- Index -- About the Author