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Contents

Brief Table of Contents Part 1: Introduction: Markets and Prices Preliminaries The Basics of Supply and Demand Part 2: Producers, Consumers, and Competitive Markets Consumer Behavior Individual and Market Demand Uncertainty and Consumer Behavior Production The Cost of Production Profit Maximization and Competitive Supply The Analysis of Competitive Markets Part 3: Market Structure and Competitive Strategy Market Power: Monopoly and Monopsony Pricing with Market Power Monopolistic Competition and Oligopoly Game Theory and Competitive Strategy Markets for Factor Inputs Investment, Time, and Capital Markets Part 4: Information, Market Failure, and the Role of Government General Equilibrium and Economic Efficiency Markets with Asymmetric Information Externalities and Public Goods Behavioral Economics Appendix: The Basics of Regression Answers to Selected Exercises

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