Preface

PART ONE  Introduction

CHAPTER 1    What Is Microeconomics?

PART TWO  The Magic of the Marketplace

CHAPTER 2    Introducing Supply and Demand

CHAPTER 3    Supply and Demand Intertwined

CHAPTER 4    Elasticities

CHAPTER 5    Policy Analysis with Supply and Demand

CHAPTER 6    Wealth Creation and Destruction

CHAPTER 7    Trade

CHAPTER 8    Costs

CHAPTER 9    Perfect Competition

 PART THREE  Imperfect Markets/Imperfect Governments

CHAPTER 10    Challenge to Market Effectiveness 1: Monopolies

CHAPTER 11    Challenge to Market Effectiveness 2: Oligopolies

CHAPTER 12    Government Imperfections

CHAPTER 13    Challenge to Market Effectiveness 3: Externalities and the Environment

CHAPTER 14    Challenge to Market Effectiveness 4: Inadequate Property Rights

CHAPTER 15    Challenge to Market Effectiveness 5: Incomplete Information

CHAPTER 16    Challenge to Market Effectiveness 6?: Inequality

 PART FOUR  Economics Is Everywhere

 CHAPTER 17    Economics Is Everywhere

 Glossary

 Index