Part 1         Core principles of economics

Chapter 1.               Thinking as an economist + Appendix

Chapter 2.                 Comparative advantage: the basis for trade

Chapter 3.                 Supply and demand: an introduction

Part 2         Competition and the invisible hand

Chapter 4.                 Elasticity

Chapter 5.                 Demand: the benefit side of the market + Appendix

Chapter 6.                 Perfectly competitive supply: the cost side of the market

Chapter 7.                 Efficiency and exchange

Chapter 8.                 International trade and trade policy

Chapter 9.                 The quest for profit and the invisible hand

Part 3         Imperfect competition

Chapter 10.              Monopoly and other forms of imperfect competition

Chapter 11.              Thinking strategically

Part 4         Open economy macroeconomics

Chapter 12.              Externalities, common resources and property rights

Chapter 13.              Public goods and their financing

Chapter 14.              The economics of information

Chapter 15.              Labour markets, poverty and income distribution

Part 5         Concluding thoughts

Chapter 16.              Thinking as an economist: revisited

Appendix – Answers to in-chapter exercises

Glossary

Index