Includes index.

The scope and method of economics -- The economic problem : scarcity and choice -- Demand, supply, and market equilibrium -- Demand and supply applications -- Elasticity -- Household behavior and consumer choice -- The production process : the behavior of profit-maximizing firms -- Short-run costs and output decisions -- Long-run costs and output decisions -- Input demand : the labor and land markets -- Input demand : the capital market and the investment decision -- General equilibrium and the efficiency of perfect competition -- Monopoly and antitrust policy -- Oligopoly -- Monopolistic competition -- Externalities, public goods, and social choice -- Uncertainty and asymmetric information -- Income distribution and poverty -- Public finance : the economics of taxation -- International trade, comparative advantage, and protectionism -- Economic growth in developing and transitional economies.