Part 1 Introduction
1. Ten principles of economics
2. Thinking like an economist
3. Interdependence and the gains from trade
Part 2 How Markets Work
4. The market forces of supply and demand
5. Elasticity and its application
6. Supple, demand, and government policies
Part 3 Markets and Welfare
7. Consumers, producers, and the efficiency of markets
8. Application: The costs of taxation
9. Application: International trade
Part 4 The Economics of the Public Sector
10. Externalities
11. Public goods and common resources
12. The design of the tax system
Part 5 Firm Behavior and the Organization of Industry
13. The costs of production
14. Firms in competitive markets
15. Monopoly
16. Monopolistic competition
17. Oligopoly
Part 6 The Economics of Labor Markets
18. The markets for the factors of production
19. Earnings and discrimination
20. Income inequality and poverty
Part 7 Topics for Further Study
21. The theory of consumer choice
22. Frontiers of microeconomics
Part 8 The Data of Macroeconomics
23. Measuring a nation’s income
24. Measuring the cost of living
Part 9 The Real Economy in the Long Run
25. Production and growth
26. Saving, investment, and the financial system
27. The basic tools of finance
28. Islamic finance
29. Unemployment
Part 10 Money and Prices in the Long Run
30. The monetary system
31. Money growth and inflation
Part 11 The Macroeconomics of Open Economies
32. Open-economy macroeconomics: Basic concepts
33. A macroeconomic theory of the open economy
Part 12 Short-Run Economic Fluctuations
34. Aggregate demand and aggregate supply
35. The influence of monetary and fiscal policy on aggregate demand
36. The short-run trade-off between inflation and unemployment
Part 13 Final Thoughts
37. Six debates of macroeconomic policy

Examples, case studies, and questions that relate to life in the Arab World show students how concepts relate to their own lives. A chapter on Islamic finance, and how Islamic and non-Islamic banking differ, will be useful for students in the Arab World. Dedicated online resources to allow self-study, concept check and revision, including MindTap with its additional assessment questions, videos and cases. In the News and Case Studies have been updated or rewritten to reflect modern approaches to economics in the Arab World. Fully reviewed by local subject matter experts to ensure this edition is appropriate for students. This edition is available as a MindTap with additional assessment questions, global case studies and Concept Clips videos.