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I. Introduction1. Economics: Foundations and Models 2. Trade-offs, Comparative Advantage, and the Market System 3. Where Prices Come From: The Interaction of Demand and Supply 4. Economic Efficiency, Government Price Setting, and Taxes II. Markets in Action 5. Externalities, Environmental Policy, and Public Goods 6. Elasticity: The Responsiveness of Demand and Supply 7. The Economics of Health Care III. Firms in the Domestic and International Economies 8. Firms, the Stock Market, and Corporate Governance 9. Comparative Advantage and the Gains from International Trade IV. Microeconomic Foundations: Consumers and Firms 10. Consumer Choice and Behavioral Economics 11. Technology, Production, and Costs V. Market Structure and Firm Strategy 12. Firms in Perfectly Competitive Markets 13. Monopolistic Competition: The Competitive Model in a More Realistic Setting 14. Oligopoly: Firms in Less Competitive Markets 15. Monopoly and Antitrust Policy 16. Pricing Strategy VI. Labor Markets, Public Choice, and the Distribution of Income 17. The Markets for Labor and Other Factors of Production 18. Public Choice, Taxes, and the Distribution of Income