Part 1: Introduction: Markets and Prices

• Preliminaries
• The Basics of Supply and Demand

• Part 2: Producers, Consumers, and Competitive Markets

• Consumer Behavior
• Individual and Market Demand
• Uncertainty and Consumer Behavior
• Production
• The Cost of Production
• Profit Maximization and Competitive Supply
• The Analysis of Competitive Markets

• Part 3: Market Structure and Competitive Strategy

• Market Power: Monopoly and Monopsony
• Pricing with Market Power
• Monopolistic Competition and Oligopoly
• Game Theory and Competitive Strategy
• Markets for Factor Inputs
• Investment, Time, and Capital Markets

• Part 4: Information, Market Failure, and the Role of Government

• General Equilibrium and Economic Efficiency
• Markets with Asymmetric Information
• Externalities and Public Goods
• Behavioral Economics

• Appendix: The Basics of Regression

  Answers to Selected Exercises