1.1 Macro and Microeconomics

1 Introduction to Economics

1.2 Scarcity

1.3 Society's Technological Possibilities

1.4 Money and Capital

1.5 Important Concepts and Definitions

Part Ⅰ Microeconomics

2 Demand and Supply

2.1 Demand

2.2 Supply

2.3 Equilibrium and Disequilibrium

2.4 Shifts in Supply and Demand

2.5 Shifts in Equilibrium

3.1 Price Elasticity of Demand

3 Elasticity of Supply and Demand

3.2 Price Elasticity of Supply

4 Consumer Behavior

4.1 Consumer Decision Making

4.2 Utility Analysis

4.3 Evaluating the Benefits of Consumption

5 Production and Costs

5.1 Business Organization

5.2 Theory of Production

5.3 Production in the Short-run

5.4 Cost

5.5 Costs in the Short-run

5.6 Production and Cost in the Long-run

5.7 Economic vs.Accounting Costs

6.1 Conditions for a Perfectly Competitive Environment

6 Perfect Competition

6.2 Profit Maximization and Equilibrium of a Competitive Firm

6.3 Short-run Price and Output Under Perfect Competition

6.4 Long-run Price and Output Under Perfect Competition

6.5 The Efficiency of Competition

7 Imperfect Competition

7.1 Monopoly

7.2 Oligopoly and Duopoly

7.3 Price Discrimination

7.4 Restrictions in the Labor Market

7.5 Antitrust Policy

8 Game Theory

8.1 Some Basics

8.2 Zero-sum Games and Mixed Strategy

8.3 Nash Equilibrium

9 Income Distribution and Market Failure

9.1 Marginal Productivity

9.2 The Demand for Inputs

9.3 Market Failure and Government Intervention

9.4 Regulation

Part Ⅱ Macroeconomics

10 Measuring Output of the Macroeconomy

10.1 Measuring Total Output—Gross Domestic Product(GDP)

10.2 GDP Accounting Complications

10.3 How to Measure GDP—Circular Flow of Income and Expenditures

10.4 Real GDP

10.5 Empirical Applications

11 Equilibrium in Product Market and Money Market

11.1 The IS-LM Interactive Graphical Model

11.2 Equilibrium

12.1 Fiscal Policy

12 Fiscal Policy

12.2 Discretionary Fiscal Expenditures vs.Automatic Stabilizers

12.3 Federal Government Expenditures

12.4 Federal Government Revenues

12.5 State and Local Government Spending

12.6 State and Local Government Revenues

12.7 The Multiplier Model

13 Functions of Money

13.1 Functions of Money

13.2 Money Supply Measures

13.3 The Federal Reserve System

13.4 Federal Reserve System Organization

13.5 Federal Reserve Tools to Change the Money Supply

13.6 Balance Sheets

13.8 Required and Excess Reserves

13.7 Fractional Reserve Banking

13.9 Describe the significance of the Federal Deposit Insurance Corporation(F.D.I.C.)

13.10 Money Creation

13.11 The Velocity of Circulation of Money

13.12 The Quantity Theory of Money

14 The Keynesian Model

14.1 Simple Keynesian Model

14.2 Aggregate Expenditures

14.3 Equilibrium

14.4 Consumption Function

Part Ⅲ Dynamic Economics

15 Unemployment and Labor Markets

15.1 Specialization

15.2 Production Possibilities Curve

15.3 Applications of the Production Possibilities Curve

16.1 Employment and Unemployment

16 Unemployment and the Labor Market

16.2 Labor Market Model

17 Measuring Changes in Prices

17.1 Inflation and Deflation

17.2 Costs of Inflation

17.3 Measuring Inflation with Price Indexes

17.4 Causes of Inflation

18 Business Cycles

18.1 Characteristics of Business Cycles

18.2 Business Cycle Relationships

18.3 Forecasting Business Cycles

19 Economic Growth

19.1 Compound Rates of Growth

19.2 Growth in Income Per Capita

19.3 Growth and Recipes

19.4 Objects and Ideas

19.5 Meta-ideas

Part Ⅳ Reading Materials

1．Adam Smith-Capitalism's Prophet

2．Making Visible the Miracle of the Invisible Hand

3．David Hume-Foundations of the Classical School of Economics

4．Paper Money and Sound Banking

5．Do Low Interest Rates Stimulate Economic Activity?

6．The Growth of Growth Theory

7．Baby Boom and Bust

8．Microeconomics

9．Benefit-Cost Analysis

10．Gender Gap

11．Minimum Wages

12．Industrial Concentration

Glossary