Modern Principles: Microeconomics

PART I: SUPPLY AND DEMANDThe Big IdeasThe Power of Trade and Comparative AdvantageSupply and DemandEquilibrium: How Supply and Demand Determine PricesElasticity and its ApplicationsAppendix: Other Types of ElasticitiesAppendix: Elasticities with ExcelTaxes and SubsidiesPART II: THE PRICE SYSTEMThe Price System: Signals, Speculation and Prediction Price Ceilings and Price FloorsInternational TradeExternalities: When Prices Send the Wrong SignalsPART III: FIRMS AND FACTOR MARKETSCosts and Profit Maximization Under CompetitionAppendix: Using Excel to Graph Cost CurvesCompetition and the Invisible HandMonopolyPrice DiscriminationAppendix: Solving Price Discrimination Problems with ExcelCartels, Oligopolies, and Monopolistic CompetitionThe Economics of Network Goods: Competing for MonopolyLabor MarketsPART IV: GOVERNMENTPublic Goods and the Tragedy of the CommonsAppendix: The Tragedy of the Commons: How Fast?Political Economy and Public Choice Economics, Ethics and Public PolicyPART V: DECISION MAKING FOR BUSINESSES, INVESTORS, AND CONSUMERSManaging Incentives Stock Markets and Personal FinanceConsumer ChoiceBack-of-Book AppendicesA: Reading Graphs in EconomicsB: Answers to Check Yourself

Tyler Cowen and Alex Tabarrock