MICROECONOMICS Chapter 1 - What is economics about? 1.1Economic methodology and tools of economic analysis 1.2The production possibility curve 1.3.1Opportunity Costs 1.3.2How to increase the production possibilities? 1.4Economic systems 1.5A deeper analysis of governance structures and decision making 1.5.1The collapse of real existing socialism 1.5.2Main elements of the transition 1.6The inefficiencies of a soft-budget constraint 1.6.1What is efficiency? 1.6.2Institutions and efficiency 1.6.3The economics of shortage 1.6.4Soviet-Type Economies 1.6.5Western economies Chapter 2 - The market mechanism 2.1The market - supply and demand 2.2The demand curve and the supply curve 2.3Maximum prices and shortages 2.4Shifts of and movements along the demand curve 2.5Shifts of and movements along the supply curve 2.6Case study - the effect of a disease on the price of meat 2.7Price elasticity of demand 2.8Income elasticity of demand and cross-price elasticity of demand Chapter 3 - The theory of the firm 3.1Profit maximisation 3.2.1Profit maximisation by comparing total revenue and total costs 3.2.2The production decision in the short run 3.2.3 Profit maximisation by comparing marginal revenue and marginal costs 3.3Economies of scalę 3.4Economic and accounting profits Chapter 4 - Institutions, transaction costs and economic activity 4.1What are institutions? 4.2Incentives 4.3The institution of property rights 4.4The notion of transaction costs 4.5.1Search costs 4.5.2Negotiation costs 4.5.3Control costs 4.6Valuable attributes in the public domain 4.6.1 Maximum prices and the public domain 4.7An example of changing property rights 4.8Some examples of changing property rights in Poland and Russia 4.9Factors that may lower transaction costs 4.9.1Market competition and law of contract 4.9.2Social capital Chapter 5 - Market failure and the role of the government 5.1The role of the government in the mixed economy 5.2Reasons for market failure 5.3External effects 5.4.1What are external effects? 5.4.2The importance of property rights 5.4.3Poland's environmental problems 5.4.4Case study - economic growth, car use and environmental problems Chapter 6 - Imperfect competition 6.1Perfect competition 6.2Monopoly 6.3.1Profit maximisation under monopoly 6.3.2Is a monopoly good or bad for society? 6.4Monopolistic competition and oligopoly 6.4.1Monopolistic competition 6.4.2Oligopoly 6.4.3Price discrimination MACROECONOMICS Chapter 7 - National income accounting 7.1. Introduction 7.2. Factors of economic growth 7.3Gross domestic product 7.3.1National income 7.3.2Government expenditure 7.3.3International trade 7.4Problems with national income accounting Chapter 8 - Determinants of national income in the short run 8.1Determinants of national income 8.2.1Consumption 8.2.2Determinants of consumption 8.2.3Investment 8.2.4Government expenditure and net export 8.2.5The macroeconomic eąuilibrium 8.3The multiplier 8.3.1 How to calculate the multiplier 8.4Aggregate demand and fiscal policy 8.4.1Tax and national income 8.4.2Automatic stabilisers and active fiscal policy 8.4.3The multiplier and international trade Chapter 9 - Money and banking 9.1Functions of money 9.2Banking and the creation of money 9.3The central bank and the money supply 9.4Money Demand 9.5Eąuilibrium on the money market Chapter 10 - Aggregate demand. aggregate supply and the price level 10.1Keynesian versus neo-classical economics 10.2Aggregate demand and aggregate supply 10.3Supply-side policies Chapter 11 - Economic growth and economic development 11.1Some figures on economic growth 11.2Potential and real output 11.3Factors of economic growth 11.4Economic development