d. 4. Is Productive Capacity Growing?
4. Microeconomics and Macroeconomics
5. Economics and Government Policy
D. 1.2 The Complexity of Modern Economies
- The Nature of Market Economies
 a. Self-Organizing
 b. Efficiency
 c. Self-Interest and Incentives
- The Decision Makers and Their Choices
 a. How Are Decisions Made?
 a. Maximizing Decisions
 b. Marginal Decisions
 b. The Flow of Income and Expenditure
- Production and Trade
 a. Specialization
 b. The Division of Labour
 c. Money and Trade
 d. Globalization
 E. 1.3 Is There an Alternative to the Market Economy?
- Types of Economic Systems
 a. Traditional Economies
 b. Command Economies
 c. Free-Market Economies
 d. Mixed Economies
- The Great Debate
- Government in the Modern Mixed Economy
 F. Summary
