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To help readers focus on the most important concepts–and effectively practice application of those concepts–Foundations of Microeconomics is structured around a Checklist/Checkpoint system. The result is a patient, confidence-building textbook that prepares readers to use economics in their everyday life, regardless of what their future career will be.
Table of Contents
Chapter 2. The U.S. and Global Economies
Chapter 3. The Economic Problem
Chapter 4. Demand and Supply
Chapter 5. Elasticities of Demand and Supply
Chapter 6. Efficiency and Fairness of Markets
Chapter 7. Government Actions in Markets
Chapter 8. Taxes
Chapter 9. Global Markets in Action
Chapter 10. Public Goods and Public Choices
Chapter 11. Externalities and the Environment
Chapter 12. Private Information
Chapter 13. Consumer Choice and Demand
Chapter 14. Production and Cost
Chapter 15. Perfect Competition
Chapter 16. Monopoly
Chapter 17. Monopolistic Competition
Chapter 18. Oligopoly
Chapter 19. Markets for Factors of Production
Chapter 20. Inequality and Poverty