PART 1: What Is Economics? Introduction: The Covid-19 Economy Chapter 1. First Principles Chapter 2. Economic Models: Trade-offs and Trade Appendix: Graphs in Economics PART 2: Supply and Demand Chapter 3. Supply and Demand Appendix: The Algebra of Demand, Supply, and Equilibrium Chapter 4. Consumer and Producer Surplus Chapter 5. Price Controls and Quotas: Meddling with Markets Chapter 6. Elasticity Appendix: The Algebra of Elasticity PART 3: Individuals and Markets Chapter 7. Taxes Chapter 8.

International Trade PART 4: Economics and Decision Making Chapter 9. Decision Making by Individuals and Firms Appendix: How to Make Decisions Involving Time: Understanding Present Value PART 5: The Consumer Chapter 10. The Rational Consumer Appendix: Consumer Preferences and Consumer Choice PART 6: The Production Decision Chapter 11. Behind the Supply Curve: Inputs and Costs Appendix: Inverse Relationships Between Productivity and Cost Chapter 12. Perfect Competition and the Supply Curve Chapter 13. Monopoly PART 7: Market Structure - Beyond Perfect Competition Chapter 14. Oligopoly Chapter 15. Monopolistic Competition and Product Differentiation PART 8: Microeconomics and Public Policy Chapter 16.

Externalities Chapter 17. Public Goods and Common Resources Chapter 18. The Economics of the Welfare State PART 9: Factor Markets and Risk Chapter 19. Factor Markets and the Distribution of Income Appendix: Indifference Curve Analysis of Labour Supply Chapter 20. Uncertainty, Risk, and Private Information Additional Sections Solutions to Check Your Understanding Questions Glossary Index.