Table of Contents

PART 1 WHAT IS ECONOMICS?
Introduction: The Ordinary Business of Life
1. First Principles
2. Economic Models: Tradeoffs and Trade

PART 2 SUPPLY AND DEMAND
3. Supply and Demand
4. The Market Strikes Back
5. Elasticity

PART 3 INDIVIDUALS AND MARKETS
6. Consumer and Producer Surplus
7. Making Decisions

PART 4 THE PRODUCER
8. Behind the Supply Curve: Inputs and Costs
9. Perfect Competition and the Supply Curve

PART 5 THE CONSUMER
10. The Rational Consumer
11. Consumer Preferences and Consumer Choice

PART 6 MARKETS AND EFFICIENCY
12. Factor Markets and the Distribution of Income Chapter 12 APPENDIX: Indifference Curve Analysis of Labor Supply
13. Efficiency and Equity

PART 7 MARKET STRUCTURE: BEYOND PERFECT COMPETITION
14. Monopoly
15. Oligopoly
16. Monopolistic Competition and Product Differentiation

PART 8 EXTENDING MARKET BOUNDARIES
17. International Trade
18. Uncertainty, Risk, and Private Information

PART 9 MICROECONOMICS AND PUBLIC POLICY
19. Externalities
20. Public Goods and Common Resources
21. Taxes, Social Insurance, and Income Distribution

PART 10 NEW DIRECTIONS IN NEW MARKETS
22. Technology, Innovation, and Network Externalities

AVAILABLE SEPARATELY

Long-Run Input Choices: Isoquants and Isocost by Kristen A. Monaco Agriculture Policy and Markets by Colin Carter