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Table of Contents
Module 1 The Study of Economics
Module 2 Models and the Circular Flow
Module 3 The Production Possibility Frontier Model
Module 4 Comparative Advantage and Trade
Section 2 Supply and Demand
Module 5 Demand
Module 6 Supply and Equilibrium
Module 7 Changes in Equilibrium
Section 3 Elasticity and the Law of Demand
Module 8 Income Effects, Substitution Effects, and Elasticity
Module 9 Interpreting Price Elasticity of Demand
Module 10 Other Elasticities
Section 4 Market Efficiency
Module 11 Consumer and Producer Surplus
Module 12 Efficiency and Markets
Section 5 Government Policy and Taxes
Module 13 Price Controls (Ceilings and Floors)
Module 14 Quantity Controls (Quotas)
Module 15 Taxes
Section 6 International Trade
Module 16 Gains from Trade
Module 17 Supply, Demand, and Trade
Section 7 Economics and Decision Making
Module 18 Making Decisions
Module 19 Behavioral Economics
Module 20 Maximizing Utility
Section 8 Production and Costs
Module 21 The Production Function
Module 22 Firm Costs
Module 23 Long-Run Costs and Economies of Scale
Section 9 Market Structure and Perfect Competition
Module 24 Market Structure
Module 25 Perfect Competition
Module 26 Graphing Perfect Competition
Module 27 Long-Run Outcomes in Perfect Competition Section 10 Monopoly
Module 28 Monopoly in Practice
Module 29 Monopoly and Public Policy
Module 30 Price Discrimination
Section 11 Imperfect Competition
Module 31 Oligopoly
Module 32 Game Theory
Module 33 Oligopoly in Practice
Module 34 Monopolistic Competition
Module 35 Product Differentiation and Advertising Section 12 Market Failure and the Role of Government
Module 36 Externalities
Module 37 Externalities and Public Policy
Module 38 Public Goods and Common Resources
Module 39 The Economics of the Welfare State
Section 13 Factor Markets and the Distribution of Income
Module 40 Factor Markets
Module 41 Marginal Productivity Theory
Module 42 The Market for Labor Section 14 Additional Topics in Microeconomics
Module 43 The Cost-Minimizing Input Combination
Module 44 The Time Value of Money
Module 45 The Economics of Information Appendix Graphs in Economics
Solutions to Module Review