Table of Contents

PART I: ECONOMICS: THE SCIENCE OF SCARCITY. 1. What is Economics About. Appendix A: Working with Diagrams. Appendix B: Should You Major in Economics? 2. Production Possibilities Frontier. 3. Supply and Demand: Theory. 4. Prices: Free, Controlled, and Relative. 5. Supply, Demand, and Price: Applications. PART II: MICROECONOMIC FUNDAMENTALS. 6. Elasticity. 7. Consumer Choice and Behavioral Economics. Appendix C: Budget Constraint and Indifference Curve Analysis. PART III: PRODUCT MARKETS AND POLICIES. 8. Perfect Competition. 9. Monopoly. 10. Monopolistic Competition, Oligopoly, and Game Theory. 11. Government and Product Markets: Antitrust and Regulation. PART IV: FACTOR MARKETS AND RELATED ISSUES. 12. Factor Markets: With Emphasis on the Labor Market. 13. Wages, Unions, and Labor. 14. The Distribution of Income and Poverty. 15. Interest, Rent, and Profit. PART V: MARKET FAILURE, PUBLIC CHOICE, AND SPECIAL-INTEREST-GROUP POLITICS. 16. Market Failure: Externalities, Public Goods, and Asymmetric Information. 17. Public Choice and Special-Interest-Group Politics. PART VI: GOVERNMENT AND MARKETS. 18. The Economic Case For and Against Government: Five Topics Considered. PART VII: INTERNATIONAL ECONOMICS AND GLOBALIZATION. 19. International Trade. 20. International Finance. PART VIII: FINANCIAL MATTERS. 21. Stocks, Bonds, Futures, and Options. PART IX: WEB CHAPTER. 23. Agriculture: Problems, Policies, and Unintended Effects.

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"[Arnold] covers the main points carefully without making it sound complicated."

"Arnold's text is just right for my students because they can associate with the examples he uses. His simple explanations are easy to follow."

"The Arnold text is very clear and easy to read."

?[Arnold] covers the main points carefully without making it sound complicated.?

?Arnold's text is just right for my students because they can associate with the examples he uses. His simple explanations are easy to follow.?

?The Arnold text is very clear and easy to read.?