I. Introduction

1. 1. Economics: Foundations and Models
2. 2. Trade-offs, Comparative Advantage, and the Market System
3. 3. Where Prices Come From: The Interaction of Demand and Supply
4. 4. Economic Efficiency, Government Price Setting, and Taxes

II. Markets in Action

5. 5. Externalities, Environmental Policy, and Public Goods
6. 6. Elasticity: The Responsiveness of Demand and Supply
7. 7. The Economics of Health Care

III. Firms in the Domestic and International Economies

8. 8. Firms, the Stock Market, and Corporate Governance
9. 9. Comparative Advantage and the Gains from International Trade

IV. Microeconomic Foundations: Consumers and Firms

10. 10. Consumer Choice and Behavioral Economics
11. 11. Technology, Production, and Costs

Market Structure and Firm Strategy

12. 12. Firms in Perfectly Competitive Markets
13. 13. Monopolistic Competition: The Competitive Model in a More Realistic Setting
14. 14. Oligopoly: Firms in Less Competitive Markets
15. 15. Monopoly and Antitrust Policy
16. 16. Pricing Strategy

VI. Labor Markets, Public Choice, and the Distribution of Income

17. 17. The Markets for Labor and Other Factors of Production
18. 18. Public Choice, Taxes, and the Distribution of Income