Preface | p. V |
The Basics of Economic Analysis | |
Introduction | p. 1 |
Production Possibilities and Opportunity Costs | p. 19 |
Demand and Supply | p. 37 |
Comprehensive Sample Test | p. 60 |
Introduction to Microeconomics | |
Elasticity | p. 70 |
Marginal Utility and Consumer Choice | p. 87 |
Price Ceilings and Price Floors | p. 123 |
Business Ownership and Organization | p. 142 |
Comprehensive Sample Test | p. 156 |
The Microeconomics of Product Markets | |
Costs of Production | p. 167 |
Maximizing Profit | p. 187 |
Identifying Markets and Market Structures | p. 204 |
Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition | p. 218 |
Price and Output Determination Under Oligopoly | p. 238 |
Antitrust and Regulation | p. 258 |
Externalities, Market Failure, and Public Choice | p. 272 |
Comprehensive Sample Test | p. 289 |
The Microeconomics of Factor Markets | |
Wage Rates in Competitive Labor Markets | p. 299 |
Wages and Employment: Monopsony and Labor Unions | p. 321 |
Interest, Rent, and Profit | p. 337 |
Income Distribution and Poverty | p. 352 |
Comprehensive Sample Test | p. 370 |
The World Economy | |
International Trade | p. 378 |
Exchange Rates, Balance of Payments, and International Debt | p. 397 |
Economic Problems of Less-Developed Countries | p. 415 |
Comprehensive Sample Test | p. 430 |
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