Sean Masaki Flynn, PhD, is an assistant professor of economics at Scripps College, where he also serves as the chairman of the economics department. Dr.??Flynn has been a guest expert on NPR and has been interviewed for articles on Forbes.com. He’s the coauthor of the world’s best-selling economics textbook.

Select Guide Rating

• Introduction 1Part1: Economics: The Science of How People Deal with Scarcity 5Chapter 1: What Economics Is and Why You Should Care 7Chapter 2: Cookies or Ice Cream? Exploring Consumer Choices 23Chapter 3: Producing Stuff to Maximize Happiness 37Part 2: Microeconomics: The Science of Consumer and Firm Behavior 59Chapter 4: Supply and Demand Made Easy 61Chapter 5: Introducing Homo Economicus, the Utility-Maximizing Consumer 87Chapter 6: The Core of Capitalism: The Profit-Maximizing Firm 105Chapter 7: Why Economists Love Free Markets and Competition 129Chapter 8: Monopolies: Bad Behavior When Competition Is Lacking 155Chapter 9: Oligopoly and Monopolistic Competition: Middle Grounds 177Part 3: Applying the Theories of Microeconomics 195Chapter 10: Property Rights and Wrongs 197Chapter 11: Asymmetric Information and Public Goods 209Chapter 12: Internet Economics: Networks and Platforms 225Chapter 13: Behavioral Economics: Investigating Irrationality 245Part 4: Macroeconomics: The Science of Economic Growth and Stability 263Chapter 14: How Economists Measure the Macroeconomy 265Chapter 15: Inflation Frustration: Why More Money Isn’t Always Good 285Chapter 16: Understanding Why Recessions Happen 303Chapter 17: Fighting Recessions with Monetary and Fiscal Policy 329Chapter 18: Grasping Origins and Effects of Financial Crises 359Part 5: The Part of Tens 369Chapter 19: Ten Seductive Economic Fallacies 371Chapter 20: Ten Economic Ideas to Hold Dear 379Chapter 21: Ten (Or So) Super-Famous Economists 383Chapter 22: Ten (Or So) Recent Nobel Laureates in Economics 391Glossary 397Index 405

Sean Masaki Flynn, PhD, is an assistant professor of economics at Scripps College, where he also serves as the chairman of the economics department. Dr.??Flynn has been a guest expert on NPR and has been interviewed for articles on Forbes.com. He’s the coauthor of the world’s best-selling economics textbook.

Select Guide Rating

• Introduction 1Part1: Economics: The Science of How People Deal with Scarcity 5Chapter 1: What Economics Is and Why You Should Care 7Chapter 2: Cookies or Ice Cream? Exploring Consumer Choices 23Chapter 3: Producing Stuff to Maximize Happiness 37Part 2: Microeconomics: The Science of Consumer and Firm Behavior 59Chapter 4: Supply and Demand Made Easy 61Chapter 5: Introducing Homo Economicus, the Utility-Maximizing Consumer 87Chapter 6: The Core of Capitalism: The Profit-Maximizing Firm 105Chapter 7: Why Economists Love Free Markets and Competition 129Chapter 8: Monopolies: Bad Behavior When Competition Is Lacking 155Chapter 9: Oligopoly and Monopolistic Competition: Middle Grounds 177Part 3: Applying the Theories of Microeconomics 195Chapter 10: Property Rights and Wrongs 197Chapter 11: Asymmetric Information and Public Goods 209Chapter 12: Internet Economics: Networks and Platforms 225Chapter 13: Behavioral Economics: Investigating Irrationality 245Part 4: Macroeconomics: The Science of Economic Growth and Stability 263Chapter 14: How Economists Measure the Macroeconomy 265Chapter 15: Inflation Frustration: Why More Money Isn’t Always Good 285Chapter 16: Understanding Why Recessions Happen 303Chapter 17: Fighting Recessions with Monetary and Fiscal Policy 329Chapter 18: Grasping Origins and Effects of Financial Crises 359Part 5: The Part of Tens 369Chapter 19: Ten Seductive Economic Fallacies 371Chapter 20: Ten Economic Ideas to Hold Dear 379Chapter 21: Ten (Or So) Super-Famous Economists 383Chapter 22: Ten (Or So) Recent Nobel Laureates in Economics 391Glossary 397Index 405

Sean Masaki Flynn, PhD, is an assistant professor of economics at Scripps College, where he also serves as the chairman of the economics department. Dr.??Flynn has been a guest expert on NPR and has been interviewed for articles on Forbes.com. He’s the coauthor of the world’s best-selling economics textbook.

Select Guide Rating

• Introduction 1Part1: Economics: The Science of How People Deal with Scarcity 5Chapter 1: What Economics Is and Why You Should Care 7Chapter 2: Cookies or Ice Cream? Exploring Consumer Choices 23Chapter 3: Producing Stuff to Maximize Happiness 37Part 2: Microeconomics: The Science of Consumer and Firm Behavior 59Chapter 4: Supply and Demand Made Easy 61Chapter 5: Introducing Homo Economicus, the Utility-Maximizing Consumer 87Chapter 6: The Core of Capitalism: The Profit-Maximizing Firm 105Chapter 7: Why Economists Love Free Markets and Competition 129Chapter 8: Monopolies: Bad Behavior When Competition Is Lacking 155Chapter 9: Oligopoly and Monopolistic Competition: Middle Grounds 177Part 3: Applying the Theories of Microeconomics 195Chapter 10: Property Rights and Wrongs 197Chapter 11: Asymmetric Information and Public Goods 209Chapter 12: Internet Economics: Networks and Platforms 225Chapter 13: Behavioral Economics: Investigating Irrationality 245Part 4: Macroeconomics: The Science of Economic Growth and Stability 263Chapter 14: How Economists Measure the Macroeconomy 265Chapter 15: Inflation Frustration: Why More Money Isn’t Always Good 285Chapter 16: Understanding Why Recessions Happen 303Chapter 17: Fighting Recessions with Monetary and Fiscal Policy 329Chapter 18: Grasping Origins and Effects of Financial Crises 359Part 5: The Part of Tens 369Chapter 19: Ten Seductive Economic Fallacies 371Chapter 20: Ten Economic Ideas to Hold Dear 379Chapter 21: Ten (Or So) Super-Famous Economists 383Chapter 22: Ten (Or So) Recent Nobel Laureates in Economics 391Glossary 397Index 405