An introduction to economics -- pt. 1. Economics : the science of scarcity . What economics is about -- Working with diagrams -- Should you major in economics? -- Production possibilities frontier framework -- Supply and demand : theory -- Prices : free, controlled, and relative -- Supply, demand and price : applications -- Macroeconomics -- pt. 2. Macroeconomic fundamentals. Macroeconomic measurements : prices and unemployment -- Macroeconomic measurements : GDP and real GDP -- pt. 3. Macroeconomic stability, instability and fiscal policy. Aggregate demand and aggregate supply -- Classical macroeconomics and the self-regulating economy -- Keynesian macroeconomics and economic instability : a crritique of the self-regulating economy -- Fiscal policy and the federal budget -- pt. 4. Money, the economy and monetary policy. Money, banking and the financial system -- The Federal Reserve System -- The Market for Reserves (or the Federal Funds Market) -- Money and the economy -- Monetary policy -- Bond prices and the interest rate -- pt. 5. Expectations and growth. Expectations theory and economy -- Economic growth : resources, technology, ideas and institutions -- pt. 6. The financial crisis of 2007-2009 -- pt. 7. Government and the economy. Debates in macroeconomics over the role and effects of government -- pt. 8. Public choice and special-interest group politics -- The global economy -- pt. 9. International economics and globalization. International trade -- International finance -- Globalization and international impacts on the economy -- Practical economics -- pt. 10. Financial matters. Stocks, bonds, futures and options -- pt. 11. Web chapter. Agriculture : problems, policies and unintended effects.