Principles of economics / Robert H. Frank, Ben S. Bernanke, Kate Antonovics, Ori Heffetz ; with special contribution by Per J. Norander.

Includes bibliographical references and index.

1. Thinking Like an Economist -- 2. Comparative Advantage -- 3. Supply and Demand -- 4. Elasticity -- 5. Demand -- 6. Perfectly Competitive Supply -- 7. Efficiency, Exchange, and the Invisible Hand in Action -- 8. Monopoly, Oligopoly, and Monopolistic Competition -- 9. Games and Strategic Behavior -- 10. Externalities and Property Rights -- 11. The Economics of Information -- 12. Labor Markets, Poverty, and Income Distribution -- 13. The Environment, Health, and Safety -- 14. Public Goods and Tax Policy -- 15. Spending, Income, and GDP -- 16. Inflation and the Price Level -- 17. Wages and Unemployment -- 18. Economic Growth -- 19. Saving, Capital Formation, and Financial Markets -- 20. Money, Prices, and Financial Intermediaries -- 21. Short-Term Economic Fluctuations -- 22. Spending, Output, and Fiscal Policy -- 23. Monetary Policy and the Federal Reserve -- 24. Aggregate Demand, Aggregate Supply, and Business Cycles -- 25. Macroeconomic Policy -- 26. Exchange Rates, International Trade, and Capital Flows -- Glossary -- Index.

"Authors Bob Frank, Ben Bernanke, and introducing Kate Antonovics from the University of California San Diego and Ori Heffetz from Cornell University, present a coherent short list of core principles in introductory economics and reinforce them by illustrating and applying each in numerous contexts. With engaging questions, explanations and exercises, the authors help students relate economic principles to a host of everyday experiences such as going to the ATM or purchasing airline tickets. Throughout this process, the authors encourage students to become “economic naturalists:” people who employ basic economic principles to understand and explain what they observe in the world around them."--Publisher's website.