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Part One: Basic Concepts 1 The Fundamentals of Economics Appendix 1 How to Read Graphs 2 Markets and Government in a Modern Economy 3 Basic Elements of Supply and Demand Part Two: Microeconomics: Supply, Demand, and Product Markets 4 Applications of Supply and Demand 5 Demand and Consumer Behavior Appendix 5 Geometrical Analysis of Consumer Equilibrium 6 Production and Business Organization 7 Analysis of Costs Appendix 7 Production, Cost Theory, and Decision of the Firm 8 Analysis of Perfectly Competitive Markets 9 Imperfect Competition and Monopoly 10 Oligopoly and Monopolistic Competition 11 Uncertainty and Game Theory Part Three: Factor Markets: Labor, Land, and Capital 12 How Markets Determine Incomes 13 The Labor Market 14 Land and Capital Appendix 14 Markets and Economic Efficiency Part Four: Applied Microeconomics: International Trade, Government, and the Environment 15 Comparative Advantage and Protectionism 16 Government Taxation and Expenditure 17 Promoting More Efficient Markets 18 Protecting the Environment 19 Efficiency vs. Equality: The Big Tradeof