Contents:

PART 1 Introduction to economic theory, Ten principles of economics, How an economist thinks,

PART 2 Supply and demand: How markets work, The forces of the market: Supply and demand, Elasticity and its applications, More on demand: Consumer choice theory, More on supply: Businesses in competitive markets,

PART 3 Markets, efficiency, and welfare, Consumers, producers, and market efficiency, Supply, demand, and government policies,

PART 4 The economics of the public sector, The tax system and the cost of taxation,

PART 5 Inefficient allocation, Public goods, common-pool resources, and social goods, Externalities and market failure, Information and behavioral finance,

PART 6 Business behavior and market structures, Business production decisions, Market structures i: Monopoly, Market structures ii: Monopolistic competition, Market structures iii: Oligopoly,

PART 7 Factor markets, The economics of labor markets,

PART 8 Inequality, Income inequality and poverty,

PART 9 Trade, Interdependence and the benefits of trade, Glossary, Index, Sources