'Microeconomics' is a rigorous yet accessible introduction to the subject by the internationally-renowned author, Paul Krugman. It's a very student friendly book with a wealth of pedagogy. Examples run throughout the text to hold the student's interest and ensure complex concepts are understood. It's a story-driven approach that focuses on real-world economics at work.
Contents:
PART 1: WHAT IS ECONOMICS?
Introduction: The Ordinary Business of Life
First Principles
Economic Models: Tradeoffs and Trade
Appendix: Graphs in Economics
PART 2: SUPPLY AND DEMAND
Supply and Demand
The Market Strikes Back
Elasticity
PART 3: INDIVIDUALS AND MARKETS
Consumer and Producer Surplus
Making Decisions
PART 4: THE PRODUCER
Behind the Supply Curve: Inputs and Costs
Perfect Competition and the Supply Curve
PART 5: THE CONSUMER
The Rational Consumer
Consumer Preferences and Consumer Choice
PART 6: MARKETS AND EFFICIENCY
Factor Markets and the Distribution of Income
Appendix: Indifference Curve Analysis of Labor Supply
Efficiency and Equity
PART 7: MARKET STRUCTURE BEYOND PERFECT COMPETITION
Monopoly
Oligopoly
Monopolistic Competition and Product Differentiation
PART 8: EXTENDING MARKET BOUNDARIES
International Trade
Uncertainty, Risk, and Private Information
PART 9: MICROECONOMICS AND PUBLIC POLICY
Externalities
Public Goods and Common Resources
Taxes, Social Insurance, and Income Distribution
PART 10: NEW DIRECTIONS FOR MARKETS
Technology, Innovation and Network Externalities
Contents:
PART 1: WHAT IS ECONOMICS?
Introduction: The Ordinary Business of Life
First Principles
Economic Models: Tradeoffs and Trade
Appendix: Graphs in Economics
PART 2: SUPPLY AND DEMAND
Supply and Demand
The Market Strikes Back
Elasticity
PART 3: INDIVIDUALS AND MARKETS
Consumer and Producer Surplus
Making Decisions
PART 4: THE PRODUCER
Behind the Supply Curve: Inputs and Costs
Perfect Competition and the Supply Curve
PART 5: THE CONSUMER
The Rational Consumer
Consumer Preferences and Consumer Choice
PART 6: MARKETS AND EFFICIENCY
Factor Markets and the Distribution of Income
Appendix: Indifference Curve Analysis of Labor Supply
Efficiency and Equity
PART 7: MARKET STRUCTURE BEYOND PERFECT COMPETITION
Monopoly
Oligopoly
Monopolistic Competition and Product Differentiation
PART 8: EXTENDING MARKET BOUNDARIES
International Trade
Uncertainty, Risk, and Private Information
PART 9: MICROECONOMICS AND PUBLIC POLICY
Externalities
Public Goods and Common Resources
Taxes, Social Insurance, and Income Distribution
PART 10: NEW DIRECTIONS FOR MARKETS
Technology, Innovation and Network Externalities