PART 1. INTRODUCTION TO MICROECONOMICS

1. ANALYZING ECONOMIC PROBLEMS 1

2. DEMAND AND SUPPLY ANALYSIS 22


PART 2. CONSUMER THEORY

3. CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY 68

4. CONSUMER CHOICE 96

5. THE THEORY OF DEMAND 134


PART 3. PRODUCTION AND COST THEORY

6. INPUTS AND PRODUCTION FUNCTIONS 183

7. COSTS AND COST MINIMIZATION 221

8. COST CURVES 259


PART 4. PERFECT COMPETITION

9. PERFECTLY COMPETITIVE MARKETS 298

10. COMPETITIVE MARKETS: APPLICATIONS 354


PART 5. MARKET POWER

11. MONOPOLY AND MONOPSONY 403

12. CAPTURING SURPLUS 446


PART 6. IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR

13. MARKET STRUCTURE AND COMPETITION 481

14. GAME THEORY AND STRATEGIC BEHAVIOR 520

15. RISK AND INFORMATION 550

16. GENERAL EQUILIBRIUM THEORY 590

17. EXTERNALITIES AND PUBLIC GOODS 635

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