Part 1: INTRODUCTION: MARKETS AND PRICES 1. Preliminaries 2. The Basics of Supply and Demand Part 2: PRODUCERS, CONSUMRS, AND COMPETITIVE MARKETS 3. Consumer Behavior 4. Individual and Market Demand 5. Uncertainty and Consumer Behavior 6. Production 7. The Cost of Production 8. Profit Maximization and Competitive Supply 9. The Analysis of Competitive Markets Part 3: MARKET STRUCTURE AND COMPETITIVE STRATEGY 10. Market Power: Monopoly and Monopsony 11. Pricing with Market Power 12. Monopolistic Competition and Oligopoly 13. Game Theory and Competitive Strategy 14. Markets for Factor Inputs 15. Investment, Time, and Capital Markets Part 4: INFORMATION, MARKET FAILURE, AND THE ROLE OF GOVERNMENT 16. General Equilibrium and Economic Efficiency 17. Markets with Asymmetric Information 18. Externalities and Public Goods 19. Behavioral Economics Appendix: The Basics of Regression Answers to Selected Exercises

Introduction markets and price -- Preliminaries -- Basics of supply and demand -- Producers, consumers, and competitive markets -- Consumer behavior -- Individual and market demand -- Uncertainty and consumer behavior -- Production -- The cost of production -- Profit maximization -- The analysis of competitive markets -- Market structure and competitive strategy -- Market power -- Pricing with market power -- Monopolistic competition and oligopoly -- Game theory and competitive strategy -- Market for factor inputs -- Investment, time, and capital markets -- Information, market failure, and the role of government -- General equilibrium and economic efficiency -- Markets with assymetric information -- Externalities and public goods -- Behavioral economics -- Glossary -- Answers -- Photo credits -- Index