Part 1: Introduction

1. Getting Started

2. The U.S. and Global Economies

3. The Economic Problem

4. Demand and Supply

Part 2: A Closer Look at Markets

5. Elasticities of Demand and Supply

6. Efficiency of Fairness and Markets

Part 3: How Governments Influence the Economy

7. Government Actions in Markets

8. Taxes

9. Global Markets in Action

Part 4: Market Failure and Public Policy

10. Externalities

11. Public Goods and Common Resources

12. Private Information and Healthcare Markets

Part 5: A Closer Look At Decision Makers

13. Consumer Choice and Demand

14. Production and Cost

Part 6: Prices, Profits, and Industry Performance

15. Perfect Competition

16. Monopoly

17. Monopolistic Competition

18. Oligopoly

Part 7: Incomes and Inequality

19. Markets for Factors of Production

20. Economic Inequality