Brief Contents :



Part I. Introduction : Markets and Prices

1. Preliminaries

2. The Basics of supply and demand

Part II. Producers, consumers, and competitive markets

3. Consumer behavior

4. Individual and market demand

5. Uncertainty and consumer behavior

6. Production

7. The cost of production

8. Profit maximization and competitive supply

9. The analysis of competitive markets

Part III. Market structure and competitive strategy

10. Market power : Monopoly and monopsony

11. Pricing with market power

12. Monopolistic competition and oligopoly

13. Game theory and competitive strategy

14. Markets for factor inputs

15. Investment, time, and capital markets

Part IV. Information, market failure, and the role of government

16. General equilibrium and economic efficiency

17. Markets with asymmetric information

18. Externalities and public goods

Index