Part 1: Introduction to economics and the economy: Limits, alternatives, and choices -- The market system and the circular flow -- Demand, supply, and market equilibrium -- The U.S. economy: private and public sectors -- The United States in the global economy -- Part. 2: Microeconomics of product markets: Extensions of demand and supply analysis -- consumer behavior and utility maximization -- The costs of production --Pure competition -- Pure monopoly -- Monopolistic competition and oligopoly -- Technology, R & D, and efficiency -- Part 3: Microeconomics of resource markets: The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Part 4: Microeconomics of government: Government and market failure -- Public choice theory and the economics of taxation -- Part 5: Microeconomic issues and policies: Antitrust policy and regulation -- Agriculture: economics and policy -- Income inequality and poverty -- The economics of health care -- Labor market institutions and issues: unionism, discrimination, immigration -- Part 6: International economics: International trade -- Exchange rates, the balance of payments, and trade deficits.