AN INTRODUCTION TO ECONOMICS Part I: ECONOMICS: THE SCIENCE OF SCARCITY 1. What Economics Is About. Appendix A Working with Diagrams. Appendix B Should You Major in Economics? 2. Production Possibilities Frontier Framework. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. MICROECONOMICS Part II: MICROECONOMIC FUNDAMENTALS 6. Elasticity. 7. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix C Budget Constraint and Indifference Curve Analysis. 8. Production and Costs. Part III: PRODUCT MARKETS AND POLICIES 9. Perfect Competition. 10. Monopoly. 11. Monopolistic Competition, Oligopoly, and Game Theory. 12. Government and Product Markets: Antitrust and Regulation. Part IV: FACTOR MARKETS AND RELATED ISSUES 13. Factor Markets: With Emphasis on the Labor Market. 14. Wages, Union, and Labor. 15. The Distribution of Income and Poverty. 16. Interest, Rent, and Profit. Part V: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS 17. Market Failure: Externalities, Public Goods, and Asymmetric Information. 18. Public Choice and Special-Interest-Group Politics. Part VI: ECONOMICS THEORY-BUILDING AND EVERYDAY LIFE 19. Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Predictions. THE GLOBAL ECONOMY Part VII: INTERNATIONAL ECONOMICS AND GLOBALIZATION 20. International Trade. 21. International Finance. WEB CHAPTERS 22. The Economic Case For and Against Government: Five Topics Considered. 23. Financial Matters: Stocks, Bonds, Futures and Options. 24. Agriculture: Problems, Policies, and Unintended Effects.

Helps you open up the world of economic analysis for your students. This title bolsters student interest by illustrating the unexpected places microeconomics occurs, and how economic forces link events to our lives and are part of your student's world 24/7.

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