Modern Principles of Economics

Preface.


1. The Big Ideas in Economics.
2. The Power of Trade and Comparative Advantage.


Part 1: Supply and Demand.


3. Supply and Demand.
4. Equilibrium: How Supply and Demand Determine Prices.
5. Elasticity and Its Applications.
6. Taxes and Subsidies.


Part 2: The Price System.


7. The Price System: Signals, Speculation, and Prediction.
8. Price Ceilings and Floors.
9. International Trade.
10. Externalities: When the Price Is Not Right.


Part 3: Firms and Factor Markets.


11. Costs and Profit Maximization under Competition.
12. Competition and the Invisible Hand.
13. Monopoly.- 14. Price Discrimination and Pricing Strategy.
15. Oligopoly and Game Theory.
16. Networks, Platforms, and the Economics of "Free Goods".
17. Monopolistic Competition and Advertising.
18. Labor Markets.


Part 4: Government.


19. Public Goods and the Tragedy of the Commons.
20. Political Economy and Public Choice.
21. Economics, Ethics, and Public Policy.


Part 5: Decision Making for Businesses, Investors, and Consumers.


22. Managing Incentives.
23. Stock Markets and Personal Finance.
24. Asymmetric Information: Moral Hazard and Adverse Selection.
25 Consumer Choice.


Part 6: Economic Growth.


26 GDP and the Measurement of Progress.
27 The Wealth of Nations and Economic Growth.
28 Growth, Capital Accumulation, and the Economics of Ideas: Catching Up vs. the Cutting Edge.
29 Saving, Investment, and the Financial System.


Part 7: Business Fluctuations.


30 Unemployment and Labor Force Participation.
31 Inflation and the Quantity Theory of Money.
32. Business Fluctuations: Aggregate Demand and Supply.
33. Transmission and Amplification Mechanisms.


Part 8: Macroeconomic Policy and Institutions.


34. The Federal Reserve System and Open Market Operations.
35. Monetary Policy.
36. The Federal Budget: Taxes and Spending.
37. Fiscal Policy.


Part 9: International Economics.


38 International Finance.

Tyler Cowen; Alex Tabarrok