Economics -- Efficiency and allocation in the global economy -- The American economy in a global setting -- The demand and supply framework -- Elasticity -- Market efficiency and government intervention -- Consumer behavior -- Firm production and cost -- Perfect competition -- Monopoly -- Monopolistic competition and product differentiation -- Oligopoly -- Antitrust, regulation, and deregulation -- Capital markets -- Resource markets -- The U.S. labor market and the distribution of income -- Market failure and public goods -- Unemployment and employment -- Inflation and prices -- GDP and the business cycle -- AD/AS -- Long-run AD/AS -- Short-run AD/AS and fiscal policy -- Saving, investment, and the budget deficit -- Money and banking basics -- Money creation and monetary policy -- Money in the macroeconomy -- Long-run implications of macroeconomic policy -- Economic growth and transition -- International trade -- International finance.