Economics: Private and Public Choice, Fifteenth Edition, reflects current
economic conditions, enabling students to apply economic concepts to the world around
them, and includes a robust set of online multimedia learning tools.
Part I: THE ECONOMIC WAY OF THINKING. 1. The Economic Approach. 2. Some Tools of the
Economist.
Part II: MARKETS AND GOVERNMENT. 3. Demand, Supply, and the Market Process. 4. Supply
and Demand: Applications and Extensions. 5. Difficult Cases for the Market, and the Role
of Government. 6. The Economics of Political Action. Part III: CORE
MACROECONOMICS. 7. Taking the Nation's Economic Pulse. 8. Economic Fluctuations,
Unemployment, and Inflation. 9. An Introduction to Basic Macroeconomic Markets. 10.
Dynamic Change, Economic Fluctuations, and the AD--AS Model. 11. Fiscal Policy: The
Keynesian View and the Historical Development of Macroeconomics. 12. Fiscal Policy:
Incentives, and Secondary Effects. 13. Money and the Banking System. 14. Modern
Macroeconomics and Monetary Policy. 15. Stabilization Policy, Output, and Employment. 16.
Creating an Environment for Growth and Prosperity. 17. Institutions, Policies, and
Cross-Country Differences in Income and Growth.
Part IV: INTERNATIONAL ECONOMICS. 18. Gaining from International Trade. 19.
International Finance and the Foreign Exchange Market.
Part V: CORE MICROECONOMICS. 20. Consumer Choice and Elasticity. 21. Costs and the
Supply of Goods. 22. Price Takers and the Competitive Process. 23. Price-Searcher Markets
with Low Entry Barriers. 24. Price-Searcher Markets with High Entry Barriers. 25. The
Supply of and Demand for Productive Resources. 26. Earnings, Productivity, and the Job
Market. 27. Investment, the Capital Market, and the Wealth of Nations. 28. Income
Inequality and Poverty.
Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS. Special Topic 1. Government
Spending and Taxation. Special Topic 2. The Economics of Social Security.
Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an
Investment Opportunity. Special Topic 4. Great Debates in Economics:
Keynes versus Hayek. Special Topic 5. The Crisis of 2008: Causes and Lessons for the
Future. Special Topic 6. Lessons from the Great Depression. Special Topic 7. The Federal
Budget and the National Debt. Special Topic 8. The Economics of Health
Care. Special Topic 9. Earnings Differences Between Men and Women. Special Topic 10. Do
Labor Unions Increase the Wages of Workers? Special Topic 11. The Question of Resource
Exhaustion. Special Topic 12. Difficult Environmental Cases and the Role of Government.
Appendix A. General Business and Economics Indicators for the United
States. Appendix B. Answers to Selected Critical Analysis Questions.
802 pages, Hardcover