Preface 14
Chapter 1 Introduction 25
Chapter 2 Supply and Demand 34
Chapter 3 A Consumer’s Constrained Choice 86
Chapter 4 Demand 129
Chapter 5 Consumer Welfare and Policy Analysis 166
Chapter 6 Firms and Production 201
Chapter 7 Costs 233
Chapter 8 Competitive Firms and Markets 272
Chapter 9 Properties and Applications of the Competitive Model 314
Chapter 10 General Equilibrium and Economic Welfare 351
Chapter 11 Monopoly and Monopsony 389
Chapter 12 Pricing and Advertising 436
Chapter 13 Game Theory 476
Chapter 14 Oligopoly and Monopolistic Competition 514
Chapter 15 Factor Markets 563
Chapter 16 Uncertainty 598
Chapter 17 Property Rights, Externalities, Rivalry, and Exclusion 634
Chapter 18 Asymmetric Information 669
Chapter 19 Contracts and Moral Hazards 696
Calculus Appendix E-1
Regression Appendix E-29
Answers to Selected Exercises E-32
Definitions E-53
References E-59
Sources for Applications and Challenges E-68
Index E-77
Credits E-109