BRIEF CONTENTS:
PART ONE:
Introduction: Markets and Prices 1;
1 Preliminaries 3;
2 The Basics of Supply and Demand 21;
PART TWO:
Producers, Consumers, and Competitive Markets 65;
3 Consumer Behavior 67;
4 Individual and Market Demand 111;
5 Uncertainty and Consumer Behavior 159;
6 Production 189;
7 The Cost of Production 217;
8 Profit Maximization and Competitive Supply 269;
9 The Analysis of Competitive Markets 307;
PART THREE:
Market Structure and Competitive Strategy 347;
10 Market Power: Monopoly and Monopsony 349;
11 Pricing with Market Power 393;
12 Monopolistic Competition and Oligopoly 447;
13 Game Theory and Competitive Strategy 483;
14 Markets for Factor Inputs 525;
15 Investment, Time, and Capital Markets 553;
PART FOUR:
Information, Market Failure, and the Role of Government 587;
16 General Equilibrium and Economic Efficiency 589;
17 Markets with Asymmetric Information 625;
18 Externalities and Public Goods 653;
19 Behavioral Economics 691;
Appendix: The Basics of Regression 713;
Glossary 721;
Answers to Selected Exercises 731;
Photo Credits 746;
Index 747.