Principles of Microeconomics

Part 1 Introduction
1. Ten lessons from economics
2. Thinking like an economist
3. Interdependence and the gains from trade

Part 2 Supply and demand I: how markets work
4. The market forces of supply and demand
5. Elasticity and its application
6. Supply, demand and government policies

Part 3 Supply and demand II: markets and welfare
7. Consumers, producers and the efficiency of markets
8. Application: the costs of taxation
9. Application: international trade

Part 4 The economics of the public sector
10. Externalities
11. Public goods and common resources
12. The design of the tax system

Part 5 Firm behaviour and the organisation of industry
13. The costs of production
14. Firms in competitive markets
15. Monopoly 16. Monopolistic competition
17. Oligopoly and business strategy

Part 6 The economics of labour markets
18. The markets for the factors of production
19. Earnings, unions and discrimination
20. Income inequality and poverty Part 7 Topics for further study
21. The theory of consumer choice
22. Frontiers of microeconomics