AN INTRODUCTION TO ECONOMICS. Part 1: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What Economics is About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Economic Activities: Producing and Trading. 3. Supply and Demand: Theory. 4. Supply and Demand: Practice. Economics in Perspective: Musical Notes, Economic Notes. MICROECONOMICS. Part 2: MICROECONOMIC FUNDAMENTALS. 5. Elasticity. 6. Consumer Choice: Maximizing Utility and Behavioral Economics. Appendix C: Budget Constraint and Indifference Curve Analysis. 7. The Firm. 8. Production and Costs. Part 3: PRODUCT MARKETS AND POLICIES. 9. Perfect Competition. 10. Monopoly. 11. Monopolistic Competition, Oligopoly, and Game Theory. 12. Government and Product Markets: Antitrust and Regulation. Economics in Perspective: Intuition and Counterintuition. Part 4: FACTOR MARKETS AND RELATED ISSUES. 13. Factor Markets: With Emphasis on the Labor Market. 14. Wages, Unions, and Labor. 15. The Distribution of Income and Poverty. 16. Interest, Rent, and Profit. Part 5: MARKET FAILURE AND PUBLIC CHOICE. 17. Market Failure: Externalities, Public Goods, and AsymmetricInformation. 18. Public Choice: Economic Theory Applied to Politics. Appendix D: The Economics of Transfers. THE WORLD ECONOMY. Part 6: INTERNATIONAL ECONOMICS: THEORY AND POLICY. 19. International Trade. 20. International Finance.

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