Essentials of Microeconomics is an excellent introduction to microeconomics. It presents the basic tools of microeconomics in a clear and concise manner. This book delivers a parsimonious yet vigorous treatment of all relevant introductory microeconomic concepts. In the text there is also an emphasis on modern economics - on game theory and imperfect markets. The book is self-contained, with a chapter on the key mathematical skills required included at the start of the text. This book is ideal for an introductory microeconomics course at any good university. The level of analysis of the book also makes it appropriate even for introductory level economics taught at the postgraduate level; the emphasis on strategy makes this text well suited for an introductory course in business economics.
Part 1: Key Concepts and Tools 1. Key Economic Concepts 2. Key Mathematical Tools 3. Key Strategic Tools Part 2: Gains from Trade 4. Trade and the PPF 5. Bargaining Part 3: Market Fundamentals 6. Demand 7. Production and Costs 8. Supply 9. Equilibrium and Welfare 10. Elasticity Part 4: Types of Markets 11. Introduction to Markets 12. Perfect Competition 13.Monopoly 14. Monopolistic Competition 15. Oligopoly Part 5: Market Failures 16. Price Regulation, Taxes and Subsidies 17. Externalities 18. Public Goods and Common Resources 19. The Theory of Second Best Part 6: International Trade 20. International Trade Part 7: Review 21. Questions & Answers
