Microeconomics

PART 1: AN INTRODUCTION TO ECONOMICS and THE ECONOMY To the Student

1 Limits, Alternatives, and Choices (+ Appendix)

2 The Market System and the Circular Flow

PART 2: PRICE, QUANTITY, AND EFFICIENCY

3 Demand, Supply, and Market Equilibrium (+ Appendix)

4 Elasticity

5 Market Failures: Public Goods and Externalities

PART 3: MICROECONOMICS of PRODUCT MARKETS

6 Consumer Behavior (+ Appendix)

7 Businesses and the Costs of Production

8 Pure Competition in the Short Run

9 Pure Competition in the Long Run

10 Pure Monopoly

11 Monopolistic Competition and Oligopoly (+ Appendix)

11w Technology, R&D, and Efficiency

PART 4: MICROECONOMICS of RESOURCE MARKETS

12 The Demand for Resources

13 Wage Determination (+ Appendix)

14 Rent, Interest, and Profit

15 Natural Resource and Energy Economics

PART 5: MICROECONOMICS of GOVERNMENT

16 Public Finance: Expenditures and Taxes

17 Asymmetric Information, Voting, and Public Choice

PART 6: MICROECONOMIC ISSUES and POLICIES

18 Antitrust Policy and Regulation

19 Agriculture: Economics and Policy

20 Income Inequality and Poverty

21 Health Care

22 Immigration

PART 7: INTERNATIONAL ECONOMICS

23 International Trade (Econ Ch 37)

24 The Balance of Payments, Exchange Rates, and Trade Deficits (Econ Ch 38)

OPTIONAL CONTENT FOR INSTRUCTORS(Available for instructors on the OLC)

COI 1 The United States and the Global Economy

COI 2 Previous International Exchange-Rate Systems

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