Principles of microeconomics/

TABLE OF CONTENTS

Part I Introduction

Chapter 1 ten principles of economics
Chapter 2 thinking like an economist
Chapter 3 interdependence and the grains from trade

Part II supply and demand I: How markets work

Chapter 4 the market forces of supply and demand
Chapter 5 elasticity and its application
Chapter 6 supply, demand and government policies

Part III supply and demand II: Markets and welfare

Chapter 7 consumers, producers and the efficiency of markets
Chapter 8 Application: The costs of taxation
Chapter 9 Application: International trade

Part IV The economics of the public sector

Chapter 10 Externalities
Chapter 11 public goods and common resources
Chapter 12 the design of the tax system
Part V firm behavior and the organization of industry
Chapter 13 the cost of production
Chapter 14 firms in competitive markets
Chapter 15 monopoly
Chapter 16 Oligopoly
Chapter 17 Monopolistic competition

Part VI the economics of labour markets

Chapter 18 the markets for the factors of production
Chapter 19 earnings and distribution
Chapter 20 the distribution of income
Part VII advanced topic
Chapter 21 the theory of consumer choice