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| Acknowledgments | |
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| Introduction | |
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| The Language of Economics | |
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| Summary | |
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| Quiz | |
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| Math Review | |
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| Summary | |
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| Quiz | |
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| Production and Growth | |
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| Production | |
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| Production in a Robinson Crusoe Economy | |
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| Economic Growth | |
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| Gains from Trade | |
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| Summary | |
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| Quiz | |
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| Demand and Supply | |
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| Demand | |
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| Supply | |
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| Price as a Regulator in the Market | |
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| Changes in Demand | |
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| Changes in Supply | |
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| Changes in Supply and Demand | |
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| Government Interventions in the Market | |
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| Price Floors and Ceilings | |
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| Quantity Controls | |
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| Taxation in the Supply and Demand Model | |
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| Summary | |
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| Quiz | |
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| Elasticity | |
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| Price Elasticity of Demand | |
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| Income Elasticity of Demand | |
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| Cross Elasticity of Demand | |
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| Elasticity of Supply | |
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| Applications of Elasticity | |
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| Price Elasticity of Supply and Demand and the Burden of a Sales Tax | |
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| Summary | |
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| Quiz | |
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| Consumer and Producer Surplus | |
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| Consumer Surplus | |
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| Producer Surplus | |
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| Changes in Consumer and Producer Surplus and Changes in Supply and Demand | |
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| The Impact of a Sales Tax on Consumer and Producer Surplus | |
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| Summary | |
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| Quiz | |
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| Utility | |
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| The Utility Function and Indifference Curves | |
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| The Household's Income Constraint | |
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| The Household's Consumption Equilibrium | |
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| The Law of Demand and Utility Theory | |
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| Income and Substitution Effects | |
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| Substitution Effect | |
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| The Income Effect | |
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| Combining Substitution and Income Effects | |
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| Summary | |
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| Quiz | |
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| Theory of the Firm | |
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| Why the Firm? | |
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| The Firm's Production Function and Isoquants | |
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| Efficiency and the Firm | |
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| The Firm's Cost Constraint | |
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| A Firm's Cost Functions: Total Cost, Average Cost, and Marginal Cost | |
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| Summary | |
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| Quiz | |
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| Perfect Competition | |
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| Summary | |
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| Quiz | |
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| Theory of Monopoly | |
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| Static Monopoly | |
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| Efficiency Aspects of Static Monopoly | |
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| Price Discrimination | |
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| First Degree Price Discrimination | |
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| Third Degree Price Discrimination | |
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| Second Degree Price Discrimination | |
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| Cartel Theory | |
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| Contestable Market Theory | |
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| Summary | |
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| Quiz | |
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| Monopolistic Competition and Oligopoly | |
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| Monopolistic Competition | |
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| Oligopoly | |
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| The Kinked Demand Model | |
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| Oligopoly with a Dominant Firm | |
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| Strategic Interaction | |
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| Cournot Duopoly Game | |
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| Bertrand's Duopoly Game | |
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| Summary | |
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| Quiz | |
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| Factor Markets | |
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| Labor | |
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| Labor Demand | |
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| Labor Supply | |
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| Labor Market Equilibrium | |
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| Additional Topics in Labor Markets | |
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| Capital Markets | |
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| Demand for Capital | |
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| Supply of Capital | |
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| Capital Market Equilibrium | |
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| Land | |
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| Summary | |
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| Quiz | |
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| Market Failure and Government Intervention in Markets | |
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| Public Goods | |
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| Externalities | |
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| Summary | |
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| Quiz | |
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| Quiz Answers | |
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| Final Exam | |
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| Final Exam Answers | |
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| Index | |