SBU Econ

SBU Econ / Microeconomics / Textbook

Draft edition

Principles of Micro

A standard undergraduate introduction to microeconomics with an added emphasis on incentives, decentralized coordination, information, property rights, and institutional alternatives.

Publication status: Chapters 1-20 are available as review drafts. They will receive another editorial pass before the first complete edition.

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Principles of Micro cover showing an aerial neighborhood market

Table of contents

Twenty chapters in six parts

Linked chapters are ready for review. Additional chapters will appear as their drafts are completed.

Part I

Foundations

  1. 01Thinking Like an EconomistReview draft
  2. 02Opportunity Cost, Trade, and CoordinationReview draft

Part II

Supply, Demand, and Market Responsiveness

  1. 03Demand and SupplyReview draft
  2. 04Market Equilibrium and Market AdjustmentReview draft
  3. 05Elasticity and Market ResponsivenessReview draft

Part III

Welfare and Policy

  1. 06Consumer Surplus, Producer Surplus, and Market EfficiencyReview draft
  2. 07Taxes and Deadweight LossReview draft
  3. 08Price Controls and RegulationReview draft
  4. 09International Trade and Trade PolicyReview draft

Part IV

Market Failure and Institutions

  1. 10Externalities and Property RightsReview draft
  2. 11Public Goods and Common ResourcesReview draft
  3. 12Information, Uncertainty, and Market DesignReview draft

Part V

Firms and Market Structure

  1. 13Costs and ProductionReview draft
  2. 14Perfect CompetitionReview draft
  3. 15MonopolyReview draft
  4. 16Monopolistic Competition, Product Differentiation, and AdvertisingReview draft
  5. 17Oligopoly and Strategic BehaviorReview draft
  6. 18Factor Markets, Labor, and Income DistributionReview draft

Part VI

Applied Markets and Economic Organization

  1. 19Health, Medical Care, and InsuranceReview draft
  2. 20Firms, Contracts, and CoordinationReview draft