Includes index.

Contents: 1. The Power of Economics: Economics and life -- Specialization and exchange -- 2. Supply and demand: Markets -- Elasticity -- Efficiency -- Government intervention -- 3. Individual decisions: Consumer behavior -- Behavioral Economics: a closer look at decision making -- Game theory and strategic thinking -- Information -- Time and uncertainty -- 4. Firm decisions: The Costs of production -- Perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- The Factors of production -- International trade -- 5. Public Economics: Externalities -- Public goods and common resources -- Taxation and the public budget -- Poverty, inequality and discrimination -- Political choices -- Public policy and choice architecture --