Introduction markets and price -- Preliminaries -- Basics of supply and demand -- Producers, consumers, and competitive markets -- Consumer behavior -- Individual and market demand -- Uncertainty and consumer behavior -- Production -- The cost of production -- Profit maximization -- The analysis of competitive markets -- Market structure and competitive strategy -- Market power -- Pricing with market power -- Monopolistic competition and oligopoly -- Game theory and competitive strategy -- Market for factor inputs -- Investment, time, and capital markets -- Information, market failure, and the role of government -- General equilibrium and economic efficiency -- Markets with assymetric information -- Externalities and public goods -- Behavioral economics -- Glossary -- Answers -- Photo credits -- Index