Revised edition of the author's Economics is everywhere, 2012.

Includes index.

Thinking about economics everywhere -- Trade-offs, supply, and demand. Trade-offs and opportunity cost -- Demand and supply curves -- Demand and supply--quantity and price in unrestricted markets -- Demand and supply--quantity and price in restricted markets -- The consumer--elasticities and incentives -- The consumer--how to choose -- Production, cost, and markets. Production and cost -- The firm in the short run--fixed and variable costs -- Firms and competitive markets in the long run -- Competitive markets--responses to shocks -- Efficiency and well being -- Monopoly and monopolistic competition -- Price discrimination -- Oligopoly (including game theory) -- Input markets, the public sector, and international markets. Discounting and present value -- Labor markets -- Human capital, discrimination, and labor-market policy -- Public goods, externalities, and property rights -- Taxes and public expenditures -- International economics.