Includes index.

Contents: Supply, demand and equilibrium -- Prices, costs, and the gains from trade -- The Behavior of consumers -- Appendix: Cardinal utility -- Consumers in the marketplace -- The Behavior of firms -- Production costs -- Competition -- Welfare economics and the gains from trade -- Appendix: Normative criteria -- Knowledge and information -- Monopoly -- Market power, collusion and oligopoly -- The theory of games -- External costs and benefits -- Common property and public goods -- The Demand for factors of production -- The Market for labor -- Allocating goods over time -- Risk and uncertainty -- What is economics -- Appendix A: Calculus supplement -- Appendix B: Answers to exercises -- Appendix C: Answers to problem sets -- Glossary.