PART 1 INTRODUCTION TO ECONOMICS 1
1 Introducing the Economic Way of Thinking 2
APPENDIX TO CHAPTER 1 Applying Graphs to Economics 20
2 Production Possibilities, Opportunity Cost, and Economic Growth 32
3 Market Demand and Supply S0
4 Markets in Action 79
APPENDIX TO CHAPTER 4 Applying Supply and Demand Analysis to Health Care 100
PART 2 MICROECONOMIC FUNDAMENTALS 105
5 Price Elasticity of Demand and Supply 106
6 Consumer Choice Theory 130
7 Production Costs 144
PART 3 MARKET STRUCTURES 171
8 Perfect Competition 172
9 Monopoly 200
10 Monopolistic Competition and Oligopoly 222
11 Labor Markets 245
PART 4 MICROECONOMIC POLICY ISSUES 267
12 income Distribution, Poverty, and Discrimination 268
13 Antitrust and Regulation 293
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