Completely revised to reflect changes to the Fifth Edition.
Preface How To Earn An A!
iii
What is Economics?
1
(10)
Making and Using Graphs
11
(14)
The Economic Problem
25
(18)
Part Review 1
43
(72)
Demand and Supply
49
(18)
Elasticity
67
(14)
Efficiency and Equity
81
(16)
Markets in Action
97
(18)
Part Review 2
115
(40)
Utility and Demand
121
(16)
Possibilities, Preferences, and Choices
137
(18)
Part Review 3
155
(92)
Organizing Production
161
(12)
Output and Costs
173
(20)
Perfect Competition
193
(20)
Monopoly
213
(18)
Monopolistic Competition and Oligopoly
231
(16)
Part Review 4
247
(50)
Demand and Supply in Resource Markets
253
(18)
Labor Markets
271
(14)
Inequality, Redistribution, and Health Care
285
(12)
Part Review 5
297
(60)
Market Failure and Public Choice
303
(14)
Regulation and Antitrust Law
317
(14)
Externalities, the Environment, and Knowledge
331
(12)
Uncertainty and Information
343
(14)
Part Review 6
357
(22)
Trading With the World
363
(16)
Part Review 7
379
(4)
Practice Final Exams
383
(8)
Answers to the Chapter Quizzes
391
(2)
Conclusion Should You Major in Economics?
393
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