PART I: INTRODUCTION.
1. The Role and Method of Economics.
Appendix: Working with Graphs.
2. Eight Powerful Ideas.
3. Scarcity, Trade-Offs, and Production Possibilities.
PART II: SUPPLY AND DEMAND.
4. Demand, Supply, and Market Equilibrium.
5. Market in Motion and Price Controls.
6. Elasticities.
PART III: MARKET EFFICIENCY, MARKET FAILURE, AND THE PUBLIC
SYSTEM.
7. Market Efficiency and Welfare.
8. Market Failure.
9. Public Finance and Public Choice.
PART IV: HOUSEHOLDS AND MARKET STRUCTURE.
10. Consumer Choice Theory.
Appendix: A More Advanced Theory of Consumer Choice.
11. The Firm: Production and Costs.
Appendix: Using Isoquants and Isocosts.
12. Firms in Perfectly Competitive Markets.
13. Monopoly and Antitrust.
14. Monopolistic Competition and Product Differentiation.
15. Oligopoly and Strategic Behavior.
PART V: INPUT MARKETS AND MICROECONOMIC POLICY ISSUES.
16. The Markets for Labor, Capital, and Land.
17. Income, Poverty and Health Care.
PART VI: THE GLOBAL ECONOMY.
18. International Trade.
19. International Finance.
Robert L. Sexton is Distinguished Professor of Economics at Pepperdine University. Professor Sexton has also been a Visiting Professor at the University of California at Los Angeles in the Anderson Graduate School of Management and the Department of Economics. Professor Sexton�s research ranges across many fields of economics: economics education, labour economics, environmental economics, law and economics, and economic history. He has written several books and has published numerous scholarly articles, many in top economic journals such as the American Economic Review, the Southern Economic Journal, the Economics Letters, the Journal of Urban Economics, and the Journal of Economic Education. Professor Sexton has also written more than 100 other articles that have appeared in books, magazines, and newspapers. He received the Pepperdine Professor of the Year Award in 1991, a Harriet and Charles Luckman Teaching Fellow in 1994, a Career Achievement Award from California Lutheran University in 1994, the Tyles Professor of the Year in 1997, and the Howard A. White Award for Teaching Excellence in 2011.
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