Economics

The Boundless Economics textbook is a college-level, introductory textbook that covers the important subject of Economics. Boundless works with subject matter experts to select the best open educational resources available on the web, review the content for quality, and create introductory, college-level textbooks designed to meet the study needs of university students.

This textbook covers:

Principles of Economics -- The Study of Economics; Individual Decision Making; Interaction of Individuals, Firms, and Societies; Basic Economic Questions; Economic Models; Differences Between Macroeconomics and Microeconomics

The Market System -- Introducing the Market System

Introducing Supply and Demand -- Demand, Supply, Market Equilibrium, Government Intervention and Disequilibrium

Economic Surplus -- Consumer Surplus, Producer Surplus

Consumer Choice and Utility -- The Demand Curve and Utility, Theory of Consumer Choice

Elasticity and its Implications -- Price Elasticity of Demand, Other Demand Elasticities, Price Elasticity of Supply

Market Failure: Externalities -- Introducing Market Failure, Externalities in Depth, Government Policy Options, Private Solutions

Market Failure: Public Goods and Common Resources -- Public Goods, Common Resources

Production -- The Production Function, Production Cost, Economic Profit

Competitive Markets -- Perfect Competition, Production Decisions in Perfect Competition, Long Run Outcomes

Monopoly -- Introduction to Monopoly, Barriers to Entry: Reasons for Monopolies to Exist, Monopoly Production and Pricing Decisions and Profit Outcome, Efficiency Impacts from Monopolies, Price Discrimination, Public Policy Towards Monopoly

Monopolistic Competition -- Monopolistic Competition

Oligopoly -- Prerequisites of Oligopoly, Oligopoly in Practice

Inputs to Production: Labor, Natural Resources, and Technology -- Demand for Labor; Labor Market Equilibrium and Wage eterminants; Income Distribution; Capital and Natural Resource Markets; Capital, Productivity, and Technology

Challenges to Efficient Outcomes -- Sources of Inefficiency

Taxes and Public Finance -- Introduction to Taxes; Deploying and Measuring Taxes; Progressive, Proportional, and Regressive Taxes: Principles and Applications; Taxation in the United States; Personal, Property, and Sales Taxes

Income Inequality and Poverty -- Defining and Measuring Inequality, Mobility, and Poverty; Policies for Reducing Poverty

Introduction to Macroeconomics -- Key Topics in Macroeconomics

Measuring Output and Income -- Measuring Output Using GDP, Other Measures of Output, Comparing Real and Nominal GDP, The Cost of Living

Economic Growth -- Comparing Economies, Assessing Growth, Productivity, Long-Run Growth, Policy Can Impact Growth

Inflation -- Defining, Measuring, and Assessing Inflation

Unemployment -- Definitions, Measuring Unemployment, Understanding Unemployment

Inflation and Unemployment -- The Relationship Between Inflation and Unemployment

Aggregate Demand and Supply -- Introducing Aggregate Expenditure, Introducing Aggregate Demand and Aggregate Supply, Aggregate Demand, Aggregate Supply, The Aggregate Demand-Supply Model

Major Macroeconomic Theories -- Short Introductions to Major Theories in Macroeconomics


The following chapters are also included:
Fiscal Policy
The Monetary System
Monetary Policy
The Financial System
Current Topics in Macroeconomics
International Trade
Open-Economy Macroeconomics
Economic Crises
Interest and Profit
Health Care Economics
Natural Resource Economics
Economics of Agriculture
Immigration Economics