Scarcity and choice -- Market transactions: demand and supply analysis -- Demand and supply applications -- Production and the costs of production -- Competition and monopoly: virtues and vices -- Imperfect competition -- Government and markets -- Labor markets -- The mixed economy of the United States -- Gross domestic product and economic growth -- The business cycle, unemployment, and inflation -- Macroeconomic instability: aggregate demand and aggregate supply -- Fiscal policy and the federal budget -- Money and the banking system -- Federal reserve and monetary policy -- United States and the global economy -- International finance -- Economic environments and the economics of developing countries

1. Economics
2. United States -- Economic conditions