Cover Half Title Page Title Page Copyright Page Brief Contents Contents Preface Chapter 1: Introduction 1.1 Microeconomics: The Allocation of Scarce Resources Trade-Offs Who Makes the Decisions Prices Determine Allocations APPLICATION Twinkie Tax 1.2 Models APPLICATION Income Threshold Model and China Simplifications by Assumption Testing Theories Maximizing Subject to Constraints Positive Versus Normative 1.3 Uses of Microeconomic Models Summary Chapter 2: Supply and Demand CHALLENGE Quantities and Prices of Genetically Modified Foods 2.1 Demand The Demand Curve
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Microeconomics Industrial Organization Elasticity of Supply