Basic microeconomics /
William J. Baumol, Alan S. Blinder, and John L. Solow.
- ix, 366 pages : illustrations ; 25 cm.
Includes index.
What is economics? -- The fundamental economic problem: scarcity and choice -- Supply and demand: an initial look -- Consumer choice: individual and market demand -- Demand and elasticity -- Output, price, and profit: the importance of marginal analysis -- The firm and the industry under perfect competition -- The case for free markets: the price system -- Monopoly -- Between competition and monopoly -- Taxation and resource allocation -- Pricing the factors of production -- Labor and entrepreneurship: the human inputs -- International trade and comparative advantage.