PART 1 Introduction

1 Thinking Like an Economist

2 Comparative Advantage

3 Supply and Demand

PART 2 Competition and the Invisible Hand

4 Elasticity

5 Demand

6 Perfectly Competitive Supply

7 Efficiency, Exchange, and the Invisible Hand in Action

PART 3 Market Imperfections

8 Monopoly, Oligopoly, and Monopolistic Competition

9 Games and Strategic Behavior

10 Externalities and Property Rights

PART 4 Economics of Public Policy

11 Using Economics to Make Better Policy Choices

Glossary

Index