CONTENTS -- ACKNOWLEDGEMENTS -- WHAT'S UNIQUE ABOUT ECONOMIC LOGIC -- Introduction -- PART I: AN OVERVIEW -- PART II: MICROECONOMICS AND THE THEORY OF SUPPLY AND DEMAND -- PART III: MACROECONOMICS -- PART IV: GOVERNMENT POLICY -- Chapter 1-WHAT IS ECONOMICS? -- Chapter 2-THE FUNDAMENTALS OF ECONOMIC BEHAVIOR -- Chapter 3-PRODUCTION, EXCHANGE AND CONSUMPTION: THE STRUCTURE OF ECONOMIC ACTIVITY -- Chapter 4-THE THEORY OF THE FIRM:THE ROLE OF PROFIT AND LOSS -- Chapter 5-DETERMINING PRICES AND OUTPUT:THE LAW OF DEMAND -- Chapter 6-SUPPLY AND DEMAND -- Chapter 7-HOW COSTS AFFECT PRICES -- Chapter 8-MONOPOLY AND COMPETITION -- Chapter 9-THE FACTORS OF PRODUCTION:LAND, RENT AND NATURAL RESOURCES -- Chapter 10-THE FACTORS OF PRODUCTION:WAGES AND THE PRODUCTIVITY OF LABOR -- Chapter 11-CAPITAL AND INTEREST -- Chapter 12-THE ROLE OF ENTREPRENEURSHIP -- Chapter 13-FINANCING CAPITALISM:STOCK AND BOND MARKETS -- Chapter14-UNDERSTANDING THE MACRO ECONOMY -- Chapter15-MEASURES OF ECONOMIC ACTIVITY, INCOME AND WEALTH -- Chapter 16-PRICE INFLATION AND THE PURCHASING POWER OF MONEY -- Chapter 17-ECONOMIC GROWTH: SAVING, INVESTMENT AND TECHNOLOGY -- Chapter 18-MONEY AND THE COMMERCIAL BANKING SYSTEM -- Chapter 19-INFLATION, CENTRAL BANKING AND MONETARY POLICY -- Chapter 20-FISCAL POLICY AND THE ROLE OF GOVERNMENT -- Chapter 21-GOVERNMENT REVENUES AND TAX POLICY -- Chapter 22-DEFICIT SPENDING AND THE NATIONAL DEBT -- Chapter 23-GOVERNMENT REGULATIONS AND CONTROLS -- Chapter 24-ENVIRONMENTAL ECONOMICS -- Chapter 25-EXPANSION AND CONTRACTION: WHAT CAUSES THE BUSINESS CYCLE? -- Chapter 26-GLOBALIZATION, PROTECTIONISM AND FREE TRADE -- Chapter 27-DEVELOPMENT ECONOMICS:CAPITALISM, SOCIALISM AND DEMOCRACY -- Chapter 28-WHAT DO ECONOMISTS DO? -- Index -- About the Author.