Part I Introduction

1: Five Foundations of Economics

2: Model Building and Gains from Trade

Appendix 2A: Graphs in Economics

 

Part II The Role of Markets

3: The Market at Work: Supply and Demand

Appendix 3A: Changes in Both Demand and Supply

4: Elasticity

5: Market Outcomes and Tax Incidence

6: Price Controls

7: Market Inefficiencies: Externalities and Public Goods

 

Part III The Theory of the Firm

8: Business Costs and Production

9: Firms in a Competitive Market

10: Understanding Monopoly

11: Price Discrimination

12: Monopolistic Competition and Advertising

13: Oligopoly and Strategic Behavior

 

Part IV Labor Markets and Earnings

14: The Demand and Supply of Resources

15: Income, Inequality, and Poverty

 

Part V Special Topics in Microeconomics

16: Consumer Choice

Appendix 16A: Indifference Curve Analysis

17: Behavioral Economics and Risk Taking

18: Health Insurance and Health Care

19: International Trade