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Principles of Microeconomics
N. Gregory Mankiw
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Chapters
Principles of Microeconomics · N. Gregory Mankiw
How People Make Decisions · How People Interact · How the Economy as a Whole Works · Conclusion
The Economist as Scientist · The Economist as Policy Adviser · Why Economists Disagree · Let's Get Going
A Parable for the Modern Economy · Comparative Advantage: The Driving Force of Specialization · Applications of Comparative Advantage · Conclusion
Markets and Competition · Demand · Supply · Supply and Demand Together
The Elasticity of Demand · The Elasticity of Supply · Three Applications of Supply, Demand, and Elasticity · Conclusion
The Surprising Effects of Price Controls · The Surprising Study of Tax Incidence · Conclusion
Consumer Surplus · Producer Surplus · Market Efficiency · Conclusion: Market Efficiency and Market Failure
The Deadweight Loss of Taxation · The Determinants of the Deadweight Loss · Deadweight Loss and Tax Revenue as Taxes Vary · Conclusion
The Determinants of Trade · The Winners and Losers from Trade · The Arguments for Restricting Trade · Conclusion
Externalities and Market Inefficiency · Public Policies toward Externalities · Private Solutions to Externalities · Conclusion
The Different Kinds of Goods · Public Goods · Common Resources · Conclusion: Property Rights and Government Action
The Special Characteristics of the Market for Healthcare · Key Facts about the U.S. Healthcare System · Conclusion: The Policy Debate over Healthcare
U.S. Taxation: The Big Picture · Taxes and Efficiency · Taxes and Equity · Conclusion: The Trade-Off between Equity and Efficiency
What Are Costs? · Production and Costs · The Many Measures of Cost · Costs in the Short Run and in the Long Run
What Is a Competitive Market? · Profit Maximization and the Competitive Firm's Supply Curve · The Supply Curve in a Competitive Market · Conclusion: Behind the Supply Curve
Why Monopolies Arise · How Monopolies Make Production and Pricing Decisions · The Welfare Cost of Monopolies · Price Discrimination
Between Monopoly and Perfect Competition · Competition with Differentiated Products · Advertising · Conclusion
Markets with Only a Few Sellers · The Economics of Cooperation · Public Policy toward Oligopolies · Conclusion
The Demand for Labor · The Supply of Labor · Equilibrium in the Labor Market · The Other Factors of Production: Land and Capital
What Determines Wages? · The Economics of Discrimination · Conclusion
Measuring Inequality · The Political Philosophy of Redistributing Income · Policies to Reduce Poverty · Conclusion
The Budget Constraint: What a Consumer Can Afford · Preferences: What a Consumer Wants · Optimization: What a Consumer Chooses · Three Applications
Asymmetric Information · Political Economy · Behavioral Economics · Conclusion
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