Microeconomics

Introduction -- Economics: foundations and models -- Trade-offs, comparative advantage, and the market system -- Where prices come from : the interaction of demand and supply -- Economic efficiency, government price setting, and taxes -- Externalities, environmental policy, and public goods -- Elasticity : the responsiveness of demand and supply -- The economics of health care -- Firms in the domestic and international economies -- Firms, the stock market, and corporate governance -- Comparative advantage and the gains from international trade -- Microeconomic foundations : consumers and firms -- Consumer choice and behavioral economics -- Technology, production, and costs -- Firms in perfectly competitive markets -- Monopolistic competition: the competitive model in a more realistic setting -- Oligopoly : firms in less competitive markets -- Monopoly and antitrust policy -- Pricing strategy -- Labor markets, public choice, and the distribution of income -- The markets for labor and other factors of production -- Public choice, taxes, and the distribution of income -- Critical thinking exercises -- Glossary -- Company index -- Subject index -- Credits