Part One: The Building Blocks -- 1 Introduction to key ideas -- 2 Theories, data and beliefs -- 3 The classical marketplace - demand and supply -- Part Two: Responsiveness and the Value of Markets -- 4 Measures of response: Elasticities -- 5 Welfare economics and externalities -- Part Three: Decision Making by Consumer and Producers -- 6 Individual choice -- 7 Firms, investors and capital markets -- 8 Production and cost -- Part Four: Market Structures -- 9 Perfect competition -- 10 Monopoly -- 11 Imperfect competition -- Part Five: The Factors of Production -- 12 Labour and capital -- 13 Human capital and the income distribution -- Part Six: Government and Trade -- 14 Government -- 15 International trade

Principles of Microeconomics is an adaptation of the textbook, Microeconomics: Markets, Methods, and Models by D. Curtis and I. Irvine, which provides concise yet complete coverage of introductory microeconomic theory, application and policy in a Canadian and global environment. This adaptation employs methods that use equations sparingly and do not utilize calculus. The key issues in most chapters are analyzed by introducing a numerical example or case study at the outset. Students are introduced immediately to the practice of taking a data set, examining it numerically, plotting it, and again analyzing the material in that form. The end-of-chapter problems involve numerical and graphical analysis, and a small number of problems in each chapter involve solving simple linear equations (intersecting straight lines). However, a sufficient number of questions is provided for the student to test understanding of the material without working through that subset of questions. This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Macroeconomics. The three introductory chapters are common to both textbooks.

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In English.

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