TABLE OF CONTENTS
Part 1 Contents of Indian Adaptation
A Centrist Proclamation
Preface
Preface to the Indian Adaptation
For the Student: Economics and Internet
Useful Websites on Indian Economy
Part 1 Basic Concept
1. The Central Concepts of Economics
Appendix
2. The Modern Mixed Economy
3. Basic Elements of Supply and Demand
Appendix 3
Part 2 Microeconomics: Supply, Demand, andProduct Markets
4. Supply and Demand: Elasticity and Applications
5. Demand and Consumer Behavior
Appendix 5
6. Production and Business Organization
7. Analysis and Costs
Appendix 7
8. Analysis of Perfectly Competitive Markets
9. Imperfect Competition and Monopoly
10. Competition Among the Few
11. Economics of Uncertainty
Part 3 Factor Markets: Labor, Land, and Capital
12. How Markets Determine Incomes
13. The Labor Market
14. Land, Natural Resources, and the Environment
15. Capital, Interest, and Profits
Part 4 Applications of Economic Principles
16. Government Taxation and Expenditure
Appendix 16
17. Efficiency vs. Equality: The Big Tradeoff
Appendix 17
18. International Trade
Appendix 18
Part 5 Macroeconomics: Economic Growth andBusiness Cycles
19. Overview of Macroeconomics
Appendix 19
20. Measuring Economic Activity
Appendix 20
21. Consumption and Investment
Appendix 21
22. Business Cycles and Aggregate Demand
Appendix 22
23. Money and the Financial System
Appendix 23
24. Monetary Policy and the Economy
Appendix 24
Part 6 Growth, Development, and the Global Economy
25. Economic Growth
Appendix 25
26. The Challenge of Economic Development
Appendix 26
27. Exchange Rates and the International Financial System
Appendix 27
28. Open-Economy Macroeconomics
Appendix 28
Part 7 Unemployment, Inflation, and Economic Policy
29. Unemployment and the Foundations of Aggregate Supply
Appendix 29
30. Inflation
Appendix 30
31. Frontiers of Macroeconomics
Glossary of Terms
Index
