1 Ten Principles of Economics 1
2 Thinking Like an Economist 19
3 Interdependence and the Gains from Trade 45
4 The Market Forces of Supply and Demand 59
5 Elasticity and Its Application 81
6 Supply,Demand,and Government Policies 101
7 Consumers,Producers,and the Efficiency of Markets 121
8 Application:The Costs of Taxation 139
9 The Costs of Production 153
10 Firms in Competitive Markets 171
11 Monopoly 191
12 Monopolistic Competition 219
13 Oligopoly 237
14 The Markets for the Factors of Production 259
15 Earnings and Discrimination 279
16 Income Inequality and Poverty 295
Glossary 315