Economics – Michael Parkin – 6th Edition

Part 1 The Scope of Economics 1
Chapter 1 What is Economics? Chapter 2 The Economic Problem 31

Part 2 How Markets Work 51
Chapter 3 Demand and Supply 53
Chapter 4 Elasticity 77
Chapter 5 Efficiency and Equity 97
Chapter 6 Markets in Action 117
Chapter 7 Utility and Demand 141
Chapter 8 Possibilities, Preferences and Choices 159

Part 3 Firms and Markets 177
Chapter 9 Organizing Production 179
Chapter 10 Output and Costs 201
Chapter 11 Perfect Competition 227
Chapter 12 Monopoly 251
Chapter 13 Monopolistic Competition and Oligopoly 273

Part 4 Government in the Economy 305
Chapter 14 Government Regulation and Competition Policy 307
Chapter 15 Externalities 329
Chapter 16 Public Goods and Common Resources 347
Chapter 17 Demand and Supply in Factor Markets 365
Chapter 18 Economic Inequality and Redistribution 395

Part 5 Macroeconomic Basics 415
Chapter 19 A First Look at Macroeconomics 417
Chapter 20 Measuring GDP and Economic Growth 437
Chapter 21 Monitoring Cycles, Jobs and Inflation 457
Chapter 22 Aggregate Supply and Aggregate Demand 479
Chapter 23 At Full Employment: The Classical Model 503
Chapter 24 Expenditure Multipliers: The Keynesian Model 525

Part 6 Macroeconomic Policy 553
Chapter 25 Fiscal Policy 555
Chapter 26 Money, Banks and Interest Rate 581
Chapter 27 Monetary Policy 603
Chapter 28 Fiscal and Monetary Interactions 625
Chapter 29 Inflation 653
Chapter 30 Economic Growth 679
Chapter 31 The Business Cycle 701
Chapter 32 Macroeconomic Policy Challenges 723

Part 7 Globalization and the International Economy 747
Chapter 33 Trading with the World 749
Chapter 34 International Finance 771