PART 1 What Is Economics?
Introduction The Ordinary Business of Life
Chapter 1 First Principles
Chapter 2 Economic Models: Trade-offs and Trade
Appendix 2A Graphs in Economics
PART 2 Supply and Demand
Chapter 3 Supply and Demand
Appendix 3A The Algebra of Demand, Supply, and Equilibrium
Chapter 4 Consumer and Producer Surplus
Chapter 5 Price Controls and Quotas: Meddling with Markets
Chapter 6 Elasticity
Appendix 6A The Algebra of Elasticity
PART 3 Individuals and Markets
Chapter 7 Taxes
Chapter 8 International Trade
PART 4 Economics and Decision Making
Chapter 9 Decision Making by Individuals and Firms
PART 5 The Consumer
Chapter 10 The Rational Consumer
Appendix 10A Consumer Preferences and Consumer Choice
PART 6 The Production Decision
Chapter 11 Behind the Supply Curve: Inputs and Costs
Appendix 11A Inverse Relationships between Productivity and Cost
Chapter 12 Perfect Competition and the Supply Curve
PART 7 Market Structure: Beyond Perfect Competition
Chapter 13 Monopoly
Chapter 14 Oligopoly
Chapter 15 Monopolistic Competition and Product Differentiation
PART 8 Microeconomics and Public Policy
Chapter 16 Externalities
Chapter 17 Public Goods and Common Resources
Chapter 18 The Economics of the Welfare State
PART 9 Factor Markets and Risk
Chapter 19 Factor Markets and the Distribution of Income
Appendix Indifference Curve Analysis of Labour Supply
Chapter 20 Uncertainty, Risk, and Private Information
Macroeconomic Data Tables
Solutions to “Check Your Understanding” Questions
Glossary
Index
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