The subject matter of economics -- Some useful tools -- The economic problem: scarcity and choice -- Demand, supply, and prices: basic concepts -- Elementary mathematics of demand/supply -- Elasticity -- Applications of demand and supply analysis -- The theory of consumer behaviour -- Theory of production -- The costs of production -- Firms in perfect competition -- Monopoly -- Monopolistic competition and oligopoly -- The market for resources -- Income distribution and poverty -- The economics of international trade and trade policy -- Economics of the environment and government regulation -- The economics of information