1.2: Table of Contents
- Page ID
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00: Front Matter
Table of Contents
1: Core Economic Concepts
This leads us to the topic of this chapter, an introduction to the world of making decisions, processing information, and understanding behavior in markets —the world of economics. Each chapter in this book will start with a discussion about current (or sometimes past) events and revisit it at chapter’s end—to “bring home” the concepts in play.1.1: What Economics Is and Why It's Important 1.2: Scarcity and Opportunity Cost 1.2.1: The Field of Economics
1.3: Microeconomics and Macroeconomics 1.4: Specialization and Division of Labor
2: Economic Systems
2.1: How Economies Can Be Organized- An Overview of Economic Systems 2.2: The Market System 2.2.1: Introducing the Market System
2.3: Socialist Economies in Transition 2.3.1: The Theory and Practice of Socialism 2.3.2: Socialist Systems in Action 2.3.3: Economies in Transition- China and Russia
3: Demand and Supply
3.1: Supply, Demand, and Market Equilibrium 3.2: Changes in Supply and Demand 3.3: Intro to Elasticity 3.4: Efficiency 3.4.1: The Market System as an Efficient Mechanism for Information
4: Price Controls
4.1: Price Ceilings and Price Floors 4.1.1: Government Intervention in Market Prices - Price Floors and Price Ceilings
4.2: Financial Markets and Lending Rates 4.3: Agricultural Price Supports 4.4: Rent Control
5: Labor Markets and Minimum Wage
5.1: Labor Markets- The Basics 5.2: Minimum Wage 5.3: Monopsony and Labor Unions 5.3.1: Introduction 5.3.2: Unions 5.3.3: Employment Discrimination 5.3.4: Price-Setting Buyers- The Case of Monopsony 5.3.5: Monopsony and the Minimum Wage
5.4: Immigration
6: Market Failures- Externalities and Public Goods
6.1: Externalities 6.1.1: Introducing Market Failure 6.1.2: Market Failure 6.1.3: The Economics of Pollution
6.2: Intro to Environmental Economics 6.2.1: Command-and-Control Regulation
6.3: Public Goods and Common Resources 6.3.1: Public Goods 6.3.2: Common Resources
7: Monopoly Power
7.1: Market Structures- An Overview 7.2: Monopoly Power 7.3: Antitrust Laws 7.3.1: Prelude to Monopoly and Antitrust Policy 7.3.1.1: Monopoly in Public Policy
7.3.2: Antitrust and Competitiveness in a Global Economy 7.3.3: Regulation- Protecting People from the Market
8: GDP and Economic Growth
8.1: Measuring Gross Domestic Product 8.2: Usefulness of GDP 8.3: Economic Growth
9: Unemployment
9.1: Introduction to Unemployment 9.1.1: Introduction to Economic Growth
9.2: How the Unemployment Rate is Defined and Computed
10: Inflation
10.1: Introduction to Inflation 10.2: Tracking Inflation 10.3: How Countries Experience Inflation
11: Globalization and Trade
11.1: Introduction to Globalization and Protectionism 11.2: Introduction to the International Trade and Capital Flows 11.3: International Trade and Its Effects on Jobs, Wages, and Working Conditions
12: Poverty, Inequality, and Discrimination
12.1: Prelude to Poverty and Economic Inequality 12.1.1: Defining and Measuring Inequality, Mobility, and Poverty
12.2: Defining and Measuring Poverty 12.2.1: The Poverty Trap 12.2.2: The Economics of Poverty 12.2.3: Policies for Reducing Poverty
12.3: Defining and Measuring Income Inequality 12.3.1: Income Inequality
12.4: Rising Income Inequality 12.5: Inequality and Discrimination 12.5.1: The Economics of Discrimination
12.6: Inequality and Political Power
13: Government Spending, Deficits, and Debt
13.1: The Role of Government in a Market Economy 13.1.1: Financing Government 13.1.2: Choices in the Public Sector
13.2: Government Spending 13.3: Federal Deficits and the National Debt 13.4: Introduction to Government Budgets and Fiscal Policy
14: Taxation and Redistribution
14.1: The Safety Net 14.1.1: Government Policies to Reduce Income Inequality
14.2: Taxation 14.2.1: Introduction to Taxes What Taxes Do 14.2.2: Deploying and Measuring Taxes 14.2.3: Progressive, Proportional, and Regressive Taxes 14.2.4: Taxation in the United States 14.2.5: Personal, Property, and Sales Taxes
14.3: Progressive Taxation 14.4: Social Security 14.5: Universal Basic Income
15: Economics of Education
15.1: K-12 Education 15.2: Higher Education 15.3: Student Debt
16: Economics of Health Care
16.1: Introducing Health Care Economics 16.2: Markets for Health Insurance 16.3: Prescription Drugs 16.4: The Affordable Care Act
17: Economics of Crime
17.1: Economics of Crime 17.2: Illegal Goods and Black Markets
18: Economics of Immigration
18.1: Immigration 18.2: Immigration Economics 18.2.1: Introduction to Immigration Economics
Econ 101: Economics of Public Issues
00: Front Matter Table of Contents
1: Core Economic Concepts 1.1: What Economics Is and Why It's Important 1.2: Scarcity and Opportunity Cost 1.2.1: The Field of Economics
1.3: Microeconomics and Macroeconomics 1.4: Specialization and Division of Labor
2: Economic Systems 2.1: How Economies Can Be Organized- An Overview of Economic Systems 2.2: The Market System 2.2.1: Introducing the Market System
2.3: Socialist Economies in Transition 2.3.1: The Theory and Practice of Socialism 2.3.2: Socialist Systems in Action 2.3.3: Economies in Transition- China and Russia
3: Demand and Supply 3.1: Supply, Demand, and Market Equilibrium 3.2: Changes in Supply and Demand 3.3: Intro to Elasticity 3.4: Efficiency 3.4.1: The Market System as an Efficient Mechanism for Information
4: Price Controls 4.1: Price Ceilings and Price Floors 4.1.1: Government Intervention in Market Prices - Price Floors and Price Ceilings
4.2: Financial Markets and Lending Rates 4.3: Agricultural Price Supports 4.4: Rent Control
5: Labor Markets and Minimum Wage 5.1: Labor Markets- The Basics 5.2: Minimum Wage 5.3: Monopsony and Labor Unions 5.3.1: Introduction 5.3.2: Unions 5.3.3: Employment Discrimination 5.3.4: Price-Setting Buyers- The Case of Monopsony 5.3.5: Monopsony and the Minimum Wage
5.4: Immigration
6: Market Failures- Externalities and Public Goods 6.1: Externalities 6.1.1: Introducing Market Failure 6.1.2: Market Failure 6.1.3: The Economics of Pollution
6.2: Intro to Environmental Economics 6.2.1: Command-and-Control Regulation
6.3: Public Goods and Common Resources 6.3.1: Public Goods 6.3.2: Common Resources
7: Monopoly Power 7.1: Market Structures- An Overview 7.2: Monopoly Power 7.3: Antitrust Laws 7.3.1: Prelude to Monopoly and Antitrust Policy 7.3.1.1: Monopoly in Public Policy
7.3.2: Antitrust and Competitiveness in a Global Economy 7.3.3: Regulation- Protecting People from the Market
8: GDP and Economic Growth 8.1: Measuring Gross Domestic Product 8.2: Usefulness of GDP 8.3: Economic Growth
9: Unemployment 9.1: Introduction to Unemployment 9.1.1: Introduction to Economic Growth
9.2: How the Unemployment Rate is Defined and Computed
10: Inflation 10.1: Introduction to Inflation 10.2: Tracking Inflation 10.3: How Countries Experience Inflation
11: Globalization and Trade 11.1: Introduction to Globalization and Protectionism 11.2: Introduction to the International Trade and Capital Flows 11.3: International Trade and Its Effects on Jobs, Wages, and Working Conditions
12: Poverty, Inequality, and Discrimination 12.1: Prelude to Poverty and Economic Inequality 12.1.1: Defining and Measuring Inequality, Mobility, and Poverty
12.2: Defining and Measuring Poverty 12.2.1: The Poverty Trap 12.2.2: The Economics of Poverty 12.2.3: Policies for Reducing Poverty
12.3: Defining and Measuring Income Inequality 12.3.1: Income Inequality
12.4: Rising Income Inequality 12.5: Inequality and Discrimination 12.5.1: The Economics of Discrimination
12.6: Inequality and Political Power
13: Government Spending, Deficits, and Debt 13.1: The Role of Government in a Market Economy 13.1.1: Financing Government 13.1.2: Choices in the Public Sector
13.2: Government Spending 13.3: Federal Deficits and the National Debt 13.4: Introduction to Government Budgets and Fiscal Policy
14: Taxation and Redistribution 14.1: The Safety Net 14.1.1: Government Policies to Reduce Income Inequality
14.2: Taxation 14.2.1: Introduction to Taxes What Taxes Do 14.2.2: Deploying and Measuring Taxes 14.2.3: Progressive, Proportional, and Regressive Taxes 14.2.4: Taxation in the United States 14.2.5: Personal, Property, and Sales Taxes
14.3: Progressive Taxation 14.4: Social Security 14.5: Universal Basic Income
15: Economics of Education 15.1: K-12 Education 15.2: Higher Education 15.3: Student Debt
16: Economics of Health Care 16.1: Introducing Health Care Economics 16.2: Markets for Health Insurance 16.3: Prescription Drugs 16.4: The Affordable Care Act
17: Economics of Crime 17.1: Economics of Crime 17.2: Illegal Goods and Black Markets
18: Economics of Immigration 18.1: Immigration 18.2: Immigration Economics 18.2.1: Introduction to Immigration Economics