The nature and method of economics -- The economizing problem -- Individual markets : demand and supply -- Applications and extensions of supply and demand analysis -- The market system -- The U.S. economy : private and public sectors -- The united stares in the global economy -- Elasticity of demand and supply -- Consumer behavior and utility maximization -- The costs of production -- Pure competition -- Pure monopoly -- Monopolistic competition and oligopoly -- Technology, R&D and efficiency -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Government and market failure -- Public choice theory and the economics of taxation -- Antitrust policy and regulation -- Agriculture : economics and policy -- Income inequality and poverty -- Labor market institutions and issues : unionism, discrimination, immigration -- The economics of health care -- International trade -- Exchange rates, the balance of payments, and trade deficits -- Transition economics : Russia and China

1. Microeconomics