Table of Contents
PART ONE: ECONOMICS: THE SCIENCE OF SCARCITY.
1. What Economics is About. Appendix A: Working with Diagrams.
2. Trade, Tradeoffs, and Economics Systems. 3. Supply, Demand, and Price: The Theory.
4. Applications of Supply and Demand: Explaining and Predicting Market and Nonmarket Behavior.
MICROECONOMICS.
PART TWO: MICROECONOMIC FUNDAMENTALS.
5. Elasticity.
6. The Logic of Consumer Choice. Appendix B: Budget Constraint and Indifference Curve Analysis.
7. The Firm.
8. Production and Costs. PART THREE: PRODUCT MARKETS AND POLICIES.
9. Perfect Competition.
10. Monopoly.
11. Monopolistic Competition and Oligopoly. 12. Government and Product Markets: Antitrust and Regulation.
13. Agriculture: Farmers' Problems, Government Policies, and Unintended Effects. PART FOUR: FACTOR MARKETS AND RELATED ISSUES.
14. Factor Markets: With Emphasis on the Labor Market.
15. Wages, Unions, and Labor.
16. The Distribution of Income and Poverty. 17. Interest, Rent, and Profit.
PART FIVE: MARKET FAILURE AND PUBLIC CHOICE. 18. Market Failure: Externalities, Public Goods, and Asymmetric Information.
19. Public Choice: Economic Theory Applied to Politics. THE WORLD ECONOMY.
PART SIX: INTERNATIONAL ECONOMICS: THEORY AND POLICY.
20. International Trade.
21. International Finance.
22. International Economic Development.