About this Book

Table of Contents

Why You Need It

What's New

Supplements

Table of Contents

Part 1: Introduction
Chapter 1. Ten Principles of Economics
Chapter 2. Thinking Like an Economist
Appendix Graphing: A Brief Review
Chapter 3. Interdependence and the Gains from Trade

Part 2: Supply and Demand I: How Markets Work
Chapter 4. The Market Forces of Supply and Demand
Chapter 5. Elasticity and Its Application
Chapter 6. Supply, Demand, and Government Policies

Part 3: Supply and Demand II: Markets and Welfare
Chapter 7: Consumers, Producers, and the Efficiency of Markets
Chapter 8. Application: The Costs of Taxation
Chapter 9. Application: International Trade

Part 4: The Economics of the Public Sector
Chapter 10. Externalities
Chapter 11. Public Goods and Common Resources
Chapter 12. The Design of the Tax System

Part 5: Firm Behaviour and the Organization of Industry
Chapter 13. The Costs of Production
Chapter 14. Firms in Competitive Markets
Chapter 15. Monopoly
Chapter 16. Oligopoly
Chapter 17. Monopolistic Competition

Part 6: The Economics of Labour Markets
Chapter 18. The Markets for the Factors of Production
Chapter 19. Earnings and Discrimination
Chapter 20. Income Inequality and Poverty

Part 7: Topics for Further Study
Chapter 21. The Theory of Consumer Choice
Chapter 22. Frontiers of Microeconomics