Contents Chapter 1: Economics: Foundations and Models Chapter 2: Trade-offs, Comparative Advantage, and the Market System Chapter 3: Where Prices Come From: The Interaction of Supply and Demand Chapter 4: Economic Efficiency, Government Price Setting, and Taxes Chapter 5: Externalities, Environmental Policy, and Public Goods Chapter 6: Elasticity: The Responsiveness of Demand and Supply Chapter 7: Comparative Advantage and the Gains from International Trade Chapter 8: Consumer Choice and Behavioural Economics Chapter 9: Technology, Production, and Costs Chapter 10: Firms in Perfectly Competitive Markets Chapter 11: Monopolistic Competition: The Competitive Model in a More Realistic Setting Chapter 12: Oligopoly: Firms in Less Competitive Markets Chapter 13: Monopoly and Competition Policy Chapter 14: The Markets for Labour and Other Factors of Productio