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Preface xvii |
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part1 |
What Is Economics? |
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Introduction |
The Ordinary Business of Life 1 |
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Chapter 1 |
First Principles 5 |
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Chapter 2 |
Economic Models: Trade- |
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Appendix |
Graphs in Economics 51 |
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part2 |
Supply and Demand |
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Chapter 3 |
Supply and Demand 67 |
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Chapter 4 |
Consumer and Producer Surplus 103 |
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Chapter 5 |
Price Controls and Quotas: Meddling with Markets 131 |
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Chapter 6 |
Elasticity 161 |
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part3 |
Individuals and Markets |
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Chapter 7 |
Taxes 187 |
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Chapter 8 |
International Trade 217 |
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part4 |
Economics and Decision Making |
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Chapter 9 |
Decision Making by Individuals and Firms 249 |
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Appendix |
How to Make Decisions Involving Time: Understanding Present Value 277 |
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part5 |
The Consumer |
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Chapter 10 |
The Rational Consumer 281 |
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Appendix |
Consumer Preferences and Consumer Choice 303 |
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part6 |
The Production Decision |
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Chapter 11 |
Behind the Supply Curve: Inputs and Costs 329 |
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Chapter 12 |
Perfect Competition and the Supply Curve 357 |
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part7 |
Market Structure: Beyond Perfect Competition |
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Chapter 13 |
Monopoly 385 |
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Chapter 14 |
Oligopoly 419 |
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Chapter 15 |
Monopolistic Competition and Product Differentiation 445 |
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part8 |
Microeconomics and Public Policy |
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Chapter 16 |
Externalities 465 |
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Chapter 17 |
Public Goods and Common Resources 489 |
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Chapter 18 |
The Economics of the Welfare State 511 |
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part9 |
Factor Markets and Risk |
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Chapter 19 |
Factor Markets and the Distribution of Income 543 |
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Appendix |
Indifference Curve Analysis of Labor Supply 575 |
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Chapter 20 |
Uncertainty, Risk, and Private Information 581 |
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Solutions to “Check Your Understanding” Questions S- |
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Glossary G- |
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Index I- |
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