Microeconomics (Paperback, 4 ed)

Part 1 Introduction to economics 1 What is economics? 2 Thinking like an economist Part 2: Supply and demand: How markets work 3 The market forces of supply and demand 4 Elasticity and its applications 5 Background to demand: Consumer choices 6 Background to supply: Firms in competitive markets Part 3, Markets, efficiency and welfare 7 Consumers, producers and the efficiency of markets 8 Supply, demand and government policies Part 4 The economics of the public sector 9 The tax system Part 5 Inefficient market allocations 10 Public goods, common resources and merit goods 11 Market failure and externalities 12 Information and behavioural economics Part 6 Firm behaviour and market structures 13 Firms' production decisions 14 Market structures I: Monopoly 15 Market structures II: Monopolistic competition 16 Market structures III: Oligopoly Part 7 Factor markets 17 The economics offactor markets PAart 8 Inequality 18 Income inequality and poverty Part 9 Trade19 Interdependence and the gains from trade