Microeconomics

PART 1: Introduction and Key Principles Ch 1: Introduction: What is Economics? Appendix: Using Graphs & Percentages Ch 2: Key Principles of Economics Ch 3: Exchange and Markets Ch 4: Demand, Supply, and Market Equilibrium Part 2: A Closer Look at Demand and Supply Ch 5: Elasticity: A Measure of Responsiveness Ch 6: Market Efficiency and Government Intervention Ch 7: Consumer Choice Using Utility Theory Appendix: Consumer Choice with Indifference Curves Part 3: Market Structures and Pricing Ch 8: Production Technology and Cost Ch 9: Perfect Competition: Short Run and Long Run Ch 10: Monopoly and Price Discrimination Ch 11: Market Entry and Monopolistic Competition Ch 12: Oligopoly and Strategic Behavior Ch 13: Controlling Market Power: Antitrust and Regulation Part 4: Externalities and Information Ch 14: Imperfect Information: Adverse Selection and Moral Hazard Ch 15: Public Goods and Public Choice Ch 16: External Costs and Environmental Policy Part 5: The Labor Market and Income Distribution Ch 17: The Labor Market, Income, and Poverty Ch 18: Unions, Monopsony, and Imperfect Information Part 6: The International Economy Ch 19: International Trade and Public Policy

Arthur O'Sullivan is a professor of economics at Lewis and Clark College in Portland, Oregon. After receiving his B.S. in economics at the University of Oregon, he spent two years in the Peace Corps, working with city planners in the Philippines. He received his Ph.D. in economics from Princeton University in 1981 and has taught at the University of California, Davis, and Oregon State University, winning several teaching awards at both schools. He recently accepted an endowed professorship at Lewis and Clark College, where he teaches microeconomics and urban economics. He is the author of the best-selling textbook, Urban Economics, currently in its sixth edition. Professor O'Sullivan's research explores economic issues concerning urban land use, environmental protection, and public policy. His articles have appeared in many economics journals, including theJournal of Urban Economics, Journal of Environmental Economics and Management, National Tax Journal, Journal of Public Economics, andJournal of Law and Economics. Professor O'Sullivan lives with his family in Lake Oswego, Oregon. For recreation, he enjoys hiking, boogie-boarding, paragliding, and squash. Steven M. Sheffrin is dean of the division of social sciences and professor of economics at the University of California, Davis. He has been a visiting professor at Princeton University, Oxford University, and the London School of Economics and has served as a financial economist with the Office of Tax Analysis of the United States Department of Treasury. He has been on the faculty of the University of California, Davis, since 1976 and has served as the chairman of the department of economics. He received his B.A. from Wesleyan University and his Ph.D. in economics from the Massachusetts Institute of Technology. Professor Sheffrin is the author of 10 other books and monographs and over 100 articles in the fields of macroeconomics, public finance, and international economics. His most recent books include