Principles of microeconomics

Part I: INTRODUCTION.

1. Ten Principles of Economics.

2. Thinking Like an Economist.

Appendix: Graphing: A Brief Review.

3. Interdependence and the Gains from Trade.

Part II: 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 III: 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 IV: THE ECONOMICS OF PUBLIC SECTOR.

10. Externalities.

11. Public Goods and Common Resources.

12. The Design of the Tax System.

Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.

13. The Costs of Production.

14. Firms in Competitive Markets.

15. Monopoly.

16. Monopolistic Competition.

17. Oligopoly.

Part VI: THE ECONOMICS OF LABOR MARKETS.

18. The Markets for the Factors of Production.

19. Earnings and Discrimination.

20. Income Inequality and Poverty.

Part VII: TOPICS FOR FURTHER STUDY.

21. The Theory of Consumer Choice.

22. Frontiers in Microeconomics.

Glossary.

Index.

PRINCIPLES OF MICROECONOMICS, Seventh Edition, continues to be the most popular and widely-used text in the economics classroom. A text by a superb writer and economist that stresses the most important concepts without overwhelming students with an excess of detail. A thorough update has been made to keep all chapters fresh and relevant with current Economic coverage.