Part I: Introduction
Chapter 1: The Role and Method of Economics
| 1.1 Economics: A Brief Introduction |
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| 1.3 Economic Theory and Models |
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| 1.4 Pitfalls to Avoid in Scientific Thinking |
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| 1.5 Positive Statements and Normative Statements |
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Chapter 2: Economics: Eight Powerful Ideas
| 2.1 Idea 1: People Face Scarcity and Costly Trade-Offs |
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| 2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking |
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| 2.3 Idea 3: People Respond Predictably to Changes in Incentives |
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| 2.4 Idea 4: Specialization and Trade Can Make People Better Off |
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| 2.5 Idea 5: Markets Can Improve Economic Efficiency |
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| 2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes |
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| 2.7 Idea 7: Government Policies May Help Stabilize the Economy |
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| 2.8 Idea 8: Increasing Productivity Leads to Economic Growth |
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Chapter 3: Scarcity, Trade-Offs, and Production Possibilities
| 3.1 The Three Economic Questions Every Society Faces |
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| 3.2 The Circular Flow Model |
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| 3.3 The Production Possibilities Curve |
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| 3.4 Economic Growth and the Production Possibilities Curve |
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Part II: Supply and Demand
Chapter 4: Demand, Supply, and Market Equilibrium
| 4.3 Shifts in the Demand Curve |
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| 4.5 Shifts in the Supply Curve |
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| 4.6 Market Equilibrium Price and Quantity |
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Chapter 5: Markets in Motion and Price Controls
| 5.1 Changes in Market Equilibrium |
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Chapter 6: Elasticities
| 6.1 Price Elasticity of Demand |
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6.2 Total Revenue and the Price Elasticity of Demand
| 6.3 Other Types of Demand Elasticities |
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| 6.4 Price Elasticity of Supply |
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Part III: Market Efficiency, Market Failure, and the Public System
Chapter 7: Market Efficiency and Welfare
| 7.1 Consumer Surplus and Producer Surplus |
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| 7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls |
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Chapter 8: Market Failure
| 8.2 Public Policy and the Environment |
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| 8.3 Property Rights and the Environment |
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| 8.5 Asymmetric Information |
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Chapter 9: Public Finance and Public Choice
| 9.1 Public Finance: Government Spending and Taxation |
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Part IV: Households and Market Structure
Chapter 10: Consumer Choice Theory
| 10.2 The Consumer's Choice |
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| 10.3 Behavioral Economics |
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Chapter 11: The Firm: Production and Costs
| 11.1 Firms and Profts: Total Revenues Minus Total Costs |
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| 11.2 Production in the Short Run |
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| 11.3 Costs in the Short Run |
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| 11.4 The Shape of the Short-Run Cost Curves |
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| 11.5 Cost-Curves: Short Run versus Lung Run |
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Chapter 12: Firms in Perfectly Competitive Markets
| 12.1 A Perfectly Competitive Market |
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| 12.2 An Individual Price Taker's Demand Curve |
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| 12.4 Short-Run Profits and Losses |
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| 12.5 Long-Run Equilibrium |
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Chapter 13: Monopoly and Antitrust
| 13.1 Monopoly: The Price Maker |
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| 13.2 Demand and Marginal Revenue in Monopoly |
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| 13.3 The Monopolist's Equilibrium |
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| 13.4 Monopoly and Welfare Loss |
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| 13.6 Price Discrimination and Peak Load Pricing |
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Chapter 14: Monopolistic Competition and Product Differentiation
| 14.1 Monopolistic Competition |
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| 14.2 Price and Output Determination in Monopolistic Competition |
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| 14.3 Monopolistic Competition versus Perfect Competition |
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Chapter 15: Oligopoly and Strategic Behavior
| 15.2 Collusion and Cartels |
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| 15.3 Other Oligopoly Models |
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| 15.4 Game Theory and Strategic Behavior |
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Part V: Input Markets and Microeconomic Policy Issues
Chapter 16: The Markets for Labor, Capital, and Land
| 16.2 Supply and Demand in the Labor Market |
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| 16.3 Labor Market Equilibrium |
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| 16.5 The Markets for Land and Capital |
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Chapter 17: Income, Poverty, and Health Care
| 17.2 Income Redistribution |
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| 17.3 The Economics of Discrimination |
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Part VI: The Global Economy
Chapter 18: International Trade
| 18.1 The Growth in World Trade |
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| 18.2 Comparative Advantage and Gains from Trade |
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| 18.3 Supply and Demand in International Trade |
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| 18.4 Tariffs, Import Quotas, and Subsidies |
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Chapter 19: International Finance
| 19.1 The Balance of Payments |
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| 19.3 Equilibrium Changes in the Foreign Exchange Market |
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| 19.4 Flexible Exchange Rates |
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