Part 1 Introduction to economics
1 What is economics?
2 Thinking like an economist
Part 2: Supply and demand: How markets work
3 The market forces of supply and demand
4 Elasticity and its applications
5 Background to demand: Consumer choices
6 Background to supply: Firms in competitive markets
Part 3, Markets, efficiency and welfare
7 Consumers, producers and the efficiency of markets
8 Supply, demand and government policies
Part 4 The economics of the public sector
9 The tax system
Part 5 Inefficient market allocations
10 Public goods, common resources and merit goods
11 Market failure and externalities
12 Information and behavioural economics
Part 6 Firm behaviour and market structures
13 Firms’ production decisions
14 Market structures I: Monopoly
15 Market structures II: Monopolistic competition
16 Market structures III: Oligopoly
Part 7 Factor markets
17 The economics offactor markets
PAart 8 Inequality
18 Income inequality and poverty
Part 9 Trade
19 Interdependence and the gains from trade

Real life case studies highlight the economic issues that businesses and countries across the world face. Problems and Applications at the end of every chapter test students on what they have just learned.