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Principles of Economics Textbook

In Fall 2010, Timothy Taylor published the second edition of his "Principles of Economics" textbook. The first edition was used at approximately 100 colleges and universities. The book is appropriate for a college-level introductory course in microeconomics and macroeconomics.

The book is available from Textbook Media, Inc. Pricing of the book varies according to whether you want to read it on-line, read an ad-free version on-line, download PDF files of chapters, or receive a black-and-white paper copy. It also varies by whether you want a micro split, a macro split, or the entire book. The full package, including ad-free on-line access, PDF downloads, and a paper copy of the entire book is roughly $40. A Study Guide with problems and answers is also available to students, and a free test item file is available to instructors.

"Principles of Economics" Table of Contents

Part I: The Interconnected Economy
1. The Connectedness of the Economy
  Appendix to Ch. 1: An Overview of Graphical Analysis
2. Choice in a World of Scarcity
3. The Benefits of Trade

Part II: Supply and Demand
4. Demand and Supply
5. Extensions of Demand and Supply: Labor Markets, Capital Markets, International Trade
6. The Debate over Globalization and Protectionism

Part III: The Fundamentals of Microeconomic Theory
7. Elasticities
8. Household Decision-Making
Appendix to Ch. 8: Indifference Curve Analysis
9. The Production Function and Industry Structure
10. Perfect Competition
11. Monopoly
12. Monopolistic Competition and Oligopoly

Part IV: Microeconomic Policy Issues Applications 13. Antitrust and Regulation
14. Environmental Protection and Negative Externalities 
15. Technology, Competition and Positive Externalities
16. Poverty and Inequality
17. Workplace Protection
18. Imperfect Information, Risk, and Insurance
19. The Economics of Finance
20. Public Choice

Part V: The Macroeconomic Perspective and Goals
21. The Macroeconomic Perspective
22. Sustained Growth in the Standard of Living
23. Keeping Unemployment Low
24. Keeping Inflation Low
25. Trade Balances and International Capital Flows

Part V:  A Framework for Macroeconomic Analysis
26. The Aggregate Supply-Aggregate Demand Model
27. The Keynesian Perspective
28. The Neoclassical Perspective

Part VI: Monetary and Fiscal Policy
29. Money and Banking
30. The Conduct of Monetary Policy
31. Exchange Rates
32. Fiscal Policy to Fight Unemployment and Inflation
33. Government Borrowing and National Saving
34. Do Nations Need Their Own Macroeconomics?