Introduction: The Nature of Economics; Scarcity and the World of Trade-Offs; Demand and Supply; Extensions of Demand and Supply Analysis; The Public Sector and Public Choice; Taxes, Transfers, and Public Spending; Introduction to Macroeconomics and Economic Growth: The Macroeconomy: Unemployment, Inflation, and Deflation; Measuring the Economy’s Performance; Global Economic Growth and Development; Real GDP Determination and Fiscal Policy: Real GDP and the Price Level in the Long Run; Classical and Keynesian Macro Analyses; Consumption, Real GDP, and the Multiplier; Fiscal Policy; Deficit Spending and the Public Debt; Money, Stabilization, and Growth: Money, Banking, and Central Banking; Money Creation and Deposit Insurance; Domestic and International Dimensions of Monetary Policy; Stabilization in an Integrated World Economy; Policies and Prospects for Global Economic Growth; Global Economics: Comparative Advantage and the Open Economy; Exchange Rates and the Balance of Payments.

For all readers interested in principles of macroeconomics.

Roger LeRoy Miller received his Ph.D. from the University of Chicago. He is currently Director of the Institute for University Studies in Arlington, Texas. Dr. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Dr. Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.

Chapter 1:   The Nature of Economics

Chapter 2:   Scarcity and the World of Trade-Offs

Chapter 3:   Demand and Supply

Chapter 4:   Extensions of Demand and Supply Analysis

Chapter 5:   Public Spending and Public Choice

Chapter 6:   Funding the Public Sector 

Part 2:   Introduction to Macroeconomics and Economic Growth

Chapter 7:   The Macroeconomy: Unemployment, Inflation, and Deflation

Chapter 8:   Measuring the Economy’s Performance

Chapter 9:   Global Economic Growth and Development

Part 3:   Real GDP Determination and Fiscal Policy

Chapter 10:   Real GDP and the Price Level in the Long Run

Chapter 11:   Classical and Keynesian Macro Analyses

Chapter 12:   Consumption, Real GDP, and the Multiplier

Chapter 13:   Fiscal Policy

Chapter 14:   Deficit Spending and the Public Debt

Part 4:   Money, Stabilization, and Growth

Chapter 15:   Money, Banking, and Central Banking

Chapter 16:   Money Creation and Deposit Insurance

Chapter 17:   Domestic and International Dimensions of Monetary Policy

Chapter 18:   Stabilization in an Integrated World Economy

Chapter 19:   Policies and Prospects for Global Economic Growth

Part 8:   Global Economics

Chapter 33:   Comparative Advantage and the Open Economy

Chapter 34:   Exchange Rates and the Balance of Payments  

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