Table of Contents

1. Five Foundations of Economics

2. Model Building and Gains from Trade

Appendix 2A: Graphs in Economics

3. The Market at Work: Supply and Demand

Appendix 3A: Changes in Both Demand and Supply

4. Elasticity

5. Market Outcomes and Tax Incidence

6. Price Controls

7. Market Inefficiencies: Externalities and Public Goods

8. Business Costs and Production

9. Firms in a Competitive Market

10. Understanding Monopoly

11. Price Discrimination

12. Monopolistic Competition and Advertising

13. Oligopoly and Strategic Behavior

14. The Demand and Supply of Resources

15. Income, Inequality, and Poverty

16. Consumer Choice

Appendix 16A: Indifference Curve Analysis

17. Behavioral Economics and Risk Taking

18. Health Insurance and Health Care

19. International Trade

Want a detailed list of changes to the new edition?

1. Five Foundations of Economics

2. Model Building and Gains from Trade

Appendix 2A: Graphs in Economics

3. The Market at Work: Supply and Demand

Appendix 3A: Changes in Both Demand and Supply

4. Market Outcomes and Tax Incidence

Appendix 4A: Price Elasticity of Demand and Supply

5. Price Controls

6. Introduction to Macroeconomics and Gross Domestic Product

7. Unemployment

8. The Price Level and Inflation

9. Savings, Interest Rates, and the Market for Loanable Funds

10. Financial Markets and Securities

11. Economic Growth and the Wealth of Nations

12. Growth Theory

13. The Aggregate Demand–Aggregate Supply Model

14. Recessions, Expansions, and the Debate over How to Manage Them

Appendix 14A: The Aggregate Expenditures Model

15. Federal Budgets: The Tools of Fiscal Policy

16. Fiscal Policy

17. Money and the Federal Reserve

18. Monetary Policy

19. International Trade

20. International Finance

Want a detailed list of changes to the new edition?