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Contents
 PART I Introduction to Economics Prologue, 1 Economics: What It's All About Basic Tools for Analyzing Economic Relationships 2 The Economic Way of Reasoning: Models and Marginal Analysis 3 Production Possibilities and Opportunity Cost Part II Supply and Demand: Markets and the Price System 4 Market Transactions: Basic Supply and Demand Analysis 5 Using Supply and Demand Analysis 6 The Price System: How It Functions and When It Fails 7 Elasticity of Supply and Demand part III Product Markets: Microeconomic Analysis 8 Consumer Choice and the Theory of Demand Indifference Curve Analysis 9 The Business Firm: A Prologue to the Theory of Market Supply 10 Production and Cost Isoquant Analysis: Choosing the Method of Production 11 The Profit-Maximizing Competitive Firm and Market Supply 12 Long-Run Supply in Competitive Markets
13 Monopoly
14 Monopolistic Competition and Oligopoly
Oligopoly Strategies and the Theory of Games
part IV Government as a Regulator in Markets and as a Provider of Services: Microeconomic Analysis
15 Antitrust Policy and Regulation of Markets
16 Market Failure and the Role of Government in Allocating Resources
17 Externalities and the Environment: Policy Analysis
18 Subsidizing Agriculture and Industries: The Economics of Special-Interest Groups
19 The Government Sector and the Economy:
Expenditures, Revenues, and Public Choice
part v Input Markets and Incomes: Microeconomic Analysis
20 Input Markets and the Demand for
Resources
21 Labor Markets, Labor Productivity, and Personnel Management
22 Imperfectly Competitive Input Markets: Labor Unions, Monopsony, and Bilateral Monopoly
23 Interest, Rents, and Profit
24 The Distribution of Income and the
Economics of Poverty
part VI. International Economic Issues
25 International Trade, Productivity, and the Economics of Less Developed Countries
26 The Economics of Foreign Exchange and the Balance of International Trade
27 Economics and Ideology: Socialism vs Capitalism
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