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