Microeconomics: Economics of personal and social choice ; Scarcity and the economic problem ; First law of economics ; Law of supply and market price ; Shortages, surpluses, and prices ; Production, profits, and marginal analysis ; Competition and monopoly ; Jobs and wages -- Macroeconomics: National economic problems ; Government fiscal actions and the pace of the economy ; Inflation and unemployment ; Issues in stabilization policy -- International economy: Trade among nations ; Exchange rate and the balance of payments

1. Economics