Part 2 book “Principles of microeconomics” has contents: The costs of production, firms in competitive markets, monopolistic competition, oligopoly, the markets for the factors of production, earnings and discrimination, income inequality and poverty, and other contents. | FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY 13 The Costs of Production 14 Firms in Competitive Markets The theory of the firm sheds light on the decisions that lie behind supply in competitive markets. 15 Monopoly 16 Monopolistic Competition Firms with market power can cause market outcomes to be inefficient. 17 Oligopoly THE ECONOMICS OF LABOR MARKETS 18 The Markets for the Factors of Production 19 Earnings and Discrimination These chapters examine the special features of labor markets, in which most people earn most of their income. 20 Income Inequality and Poverty TOPICS FOR FURTHER STUDY 21 The Theory of Consumer Choice 22 Frontiers of Microeconomics Additional topics in microeconomics include household decision making, asymmetric information, political economy, and behavioral economics. This page intentionally left blank PRIN CIPL E S O F Microeconomics FIF TH EDITION N. GREGORY MANKIW HARVARD UNIVERSITY Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States Principles of Microeconomics, 5e N. Gregory Mankiw Vice President of Editorial, Business: Jack W. Calhoun Vice President/Editor-in-Chief: Alex von Rosenberg © 2009, 2007 South-Western, a part of Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright hereon may be reproduced or used in any form or by any means—graphic, electronic, or mechanical, including photocopying, recording, taping, Web distribution, information storage and retrieval systems, or in any other manner—except as may be permitted by the license terms herein. Executive Editor: Mike Worls Developmental Editor: Jane Tufts Contributing Editors: Jennifer E. Thomas and Katie Yanos Executive Marketing Manager: Brian Joyner Marketing Coordinator: Suellen Ruttkay For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission to use material from this text or product, submit all .
