Principles Of Economics: Graphic Edition Volume 3

Adapted from the global bestseller Principles of Economics by N. Gregory Mankiw, this graphic edition of Professor Mankiw’s textbook offers easy-to-understand explanations of the most important concepts in economics. Starting with the cost of production and the characteristics of competitive markets, Volume 3 presents illustrative examples and cases, before heading into an analysis of monopolies and monopolistic competition. The volume ends with a treatise on oligopolies. Beautifully illustrated and accompanied by entertaining textual discussion, this highly readable and educational series of graphic novels will serve as a lifelong companion to anyone who is interested in economics.

Table of Contents

Preface
Chapter 01 The Cost of Production
1 What are costs?
2 Production and costs
3 Costs in the short run and in the long run
Chapter 02 Competitive Markets
1 The competitive firm’s supply curve
2 The supply curve in a competitive market
Chapter 03 Monopoly
1 How monopolies make production and pricing decisions
2 Inefficiency of monopoly
3 Price discrimination
4 Policy toward monopolies
Chapter 04 Monopolistic Competition
1 Monopolistic competition
2 Advertising
Chapter 05 Oligopoly
1 Markets with only a few sellers
2 The economies of cooperation
3 Public policy toward oligopolies