Econ 150 · Benjamin Pacini
Principles of Microeconomics
The Science of Choice, Incentives, and Human Flourishing
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Unit I · The Case for the Market
Chapter 1Thinking Like An Economist
Chapter 2Consumer Choice
Chapter 3Supply and Demand I: The Price System
Chapter 4Supply and Demand II: Shifts, Shocks, and Price Controls
Chapter 5Trade, Specialization, and Efficiency
Chapter 6Welfare Analysis
Chapter 7Intervention Distortions I: Taxes, Subsidies, and Incidence
Chapter 8Gains from Trade: The Case for International Cooperation
Unit II · The Firm in Perfect Competition
Chapter 9Firm Model I: Costs
Chapter 10Firm Model II: Short-Run Decisions
Chapter 11Firm Model III: Long-Run Decisions
Chapter 12Factor Markets
Chapter 13Labor Markets and Discrimination
Chapter 14Unit Capstone: The Free Market Prescription for Poverty
Unit III · The Critique of the Market
Chapter 15Elasticity
Chapter 16Institutions
Chapter 17Market Failures I: The Tragedy of the Commons
Chapter 18Market Failures II: Externalities
Chapter 19Market Failures III: Taxes, Subsidies, and Incentives
Chapter 20Unit Capstone: The Economics of Healthcare