Includes index.

1. Microeconomics and Market Analysis -- 2. The Theory of Consumer Choice -- 3. Individual and Market Demand -- 4. Using Consumer Choice Theory -- 5. Exchange. Efficiency, and Prices -- 6. Production -- 7. The Costs of Production -- 8. Profit Maximization and the Competitive Firm9. The Competitive Industry -- 10. Using the Competitive Model -- 11. Monopoly -- 12. Using Monopoly Theory -- 13 Monopolistic Competition and Oligopoly14. Employment and Pricing of Inputs -- 15. Wages, Rent. Interest, and Profit -- 16. Using Input Market Analysis -- 17. General Equilibrium Analysis -- 18. Welfare Economics -- 19. Public Goods and Externalities.

Microeconomic theory is basically the study of how markets operate, and understanding how markets operate is essential to understanding how our economic system functions. Beyond developing a coherent view of economic reality, microeconomics provides techniques that are playing increasing roles in both public policy formulation and private decision-making. Although macroeconomic issues frequently receive more visible media attention, the ways that innumerable microeconomic issues are resolved have a far greater and more enduring impact in shaping our economic environment.