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• Table of Contents

Table of Contents

Part 1: INTRODUCTION TO ECONOMICS.
1: Introducing the Economic Way of Thinking.
Appendix: Applying Graphs to Economics.
2: Production Possibilities, Opportunity Cost, and Economic Growth.
Part 2: MICROECONOMIC FUNDAMENTALS.
3: Market Demand and Supply.
Appendix: Consumer Surplus, Producer Surplus, and Market Efficiency.
4: Markets in Action.
Appendix: Applying Supply and Demand Analysis to Health Care.
5: Price Elasticity of Demand and Supply.
6: Consumer Choice Theory.
Appendix: Indifference Curve Analysis.
7: Production Costs.
Part 3: MARKET STRUCTURES.
8: Perfect Competition.
9: Monopoly.
10: Monopolistic Competition and Oligopoly.
11: Labor Markets.
Part 4: MICROECONOMIC POLICY ISSUES.
12: Income Distribution, Poverty, and Discrimination.
13: Antitrust and Regulation.
14: Environmental Economics.
Part 5: THE INTERNATIONAL ECONOMY.
15: International Trade and Finance.
16: Economies in Transition.
17: Growth and the Less-Developed Countries.
Appendix A: Answers to Odd-Numbered Study Questions and Problems.
Appendix B: Answers to Practice Quizzes.
Glossary.
Index.