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Preface
What is Economic Theory?
Thinking Like Economists
The Forces of the Market: Supply and Demand
Background of Demand: Consumer Choices
Background of Supply: The Production Costs of the Firm
Background of Supply: Firms in Competitive Markets
Consumers, Producers, and the Efficiency of Markets
Supply, Demand, and Government Policies
Public Goods, Common Resources, and Merit Goods
Market Failure and Externalities
Market Structures I: Monopoly
Market Structures II: Monopolistic Competition
Market Structures III: Oligopoly
Market Structures IV: Contestable Markets
The Economics of Factor Markets
Income Inequality and Poverty
Interdependence and the Benefits of Trade
Economics of Information & Behavioral Economics
Heterodox Theories in Economics
Glossary
Index of Terms
Mathematical Formulas
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