1 Ten Principles of Economics

2 Thinking Like an Economist

3 Interdependence and the Gains from Trade

4 The Market Forces of Supply and Demand

5 Elasticity and Its Application

6 Supply,Demand,and Government Policies

7 Consumers,Producers,and the Efficiency of Markets

8 Application:The Costs of Taxation

9 The Costs of Production

10 Firms in Competitive Markets

11 Monopoly

12 Monopolistic Competition

13 Oligopoly

14 The Markets for the Factors of Production

15 Earnings and Discrimination

16 Income Inequality and Poverty

Glossary