1. The Economic Problem
2. Economics as a Discipline
3. Graphing Skills
4. The Circular Flow Model of an Economy
5. Demand and Supply: The Mechanics of a Market
6. Supply and Demand Analysis
7. Price Elasticity of Demand
8. Consumer Choice and Demand
9. Production and Input Use
10. Economic Costs
11. Profit Maximization by Firms
Midterm examination
12. Perfect Competition
13. Monopoly
14. Monopolistic Competition
15. Oligopoly
16. General Equilibrium, Market Failures, and Public Policy
17. Perfect Competition and Factor Markets
18. Imperfect Competition and Factor Markets
19. Profits, Interest, and Rent
20. Alternative Economic Systems: The Soviet Union
Final examination
Glossary
Index