Microeconomics

Part I: THE ECONOMIC WAY OF THINKING 1. The Economic Approach 2. Some Tools of the Economist Part II: MARKETS AND GOVERNMENT 3. Demand, Supply, and the Market Process 4. Supply and Demand: Applications and Extensions 5. Difficult Cases for the Market, and the Role of Government 6. The Economics of Political Action Part III: CORE MICROECONOMICS 7. Consumer Choice and Elasticity 8. Costs and the Supply of Goods 9. Price Takers and the Competitive Process 10. Price-Searcher Markets with Low Entry Barriers 11. Price-Searcher Markets with High Entry Barriers 12. The Supply of and Demand for Productive Resources 13. Earnings, Productivity, and the Job Market 14. Investment, the Capital Market, and the Wealth of Nations 15. Income Inequality and Poverty Part IV: INTERNATIONAL ECONOMICS 16. Gaining from International Trade Part VI: APPLYING THE BASICS: SPECIAL TOPICS IN ECONOMICS Special Topic 1. Government Spending and Taxation Special Topic 2. The Economics of Social Security Special Topic 3. The Stock Market: Its Function, Performance, and Potential as an Investment Opportunity Special Topic 4. Keynes and Hayek: Contrasting Views on Sound Economics and the Role of Government Special Topic 5. The 2020 COVID-19 Recession: Cause, Response, and Implications for the Future Special Topic 6. The Great Recession of 2008-2009: Causes and Response Special Topic 7. Lessons from the Great Depression Special Topic 8. The Economics of Health Care Special Topic 9. Earnings Differences Between Men and Women Special Topic 10. Do Labor Unions Increase the Wages of Workers? Special Topic 11. The Question of Resource Exhaustion Special Topic 12. Difficult Environmental Cases and the Role of Government Appendix A. General Business and Economics Indicators for the United States Appendix B. Answers to Selected Critical Analysis Questions