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At the suggestion of reader Newtownian, I’m posting a draft Table of Contents for Economics in Two Lessons<em. It's over the fold, with a better formatted version here
I. Introductory
Preface
Outline of the book
Further reading
II. Lesson 1
Chapter 1 What is opportunity cost?
Production cost and opportunity cost
Fixed cost, variable cost marginal cost and sunk cost
Labour and wages
Households, prices and opportunity costs
The intellectual history of opportunity cost*
Further reading Chapter 1
A. Chapter 2 Markets, opportunity cost and equilibrium
TISATAAFL
Gains from exchange
Trade and comparative advantage
Competitive equilibrium
Adam Smith and the division of labor*
Further reading Chapter 2
Chapter 3 Time, information and uncertainty
3.1 Interest and the opportunity cost of (not) waiting
3.1.1 The production side
3.1.2 The consumer side
3.1.3 Which rate of interest?
3.2 Information
3.2.1 Information economics and Robinson Crusoe
3.3 Uncertainty
Further reading Chapter 3
B. Optional section
Applying Lesson 1
Chapter 4 Market applications of Lesson 1
Tricks and traps
Airfares
The cost of (not) going to college
Optional extra
TANSTAAFL: What about “free” TV, radio and Internet content? j
Further reading Chapter 4
Chapter 4 Policy applications of Lesson 1
To help poor people, give them money
Road pricing
Fish and tradeable quota
5.4.1 The creation of property rights
A license to print money: property rights and telecommunications spectrum
Further reading Chapter 5
Lesson 2
A. Chapter 7 Property rights and income distribution
7.1 What Lesson 2 tells us about property rights and income distribution
7.2 Welfare theorems
7.3 The starting point
7.4 Property rights and natural law
7.5 Conclusion
7.6 Pareto and inequality*
Further reading Chapter 7
B. Chapter 8 Unemployment
Chapter 8 Intro
8.1 Macroeconomics and microeconomics
8.2 The business cycle
8.3 The experience of the Great and Lesser Depressions
8.4 Are recessions abnormal?
8.5 Unemployment and opportunity cost
8.6 The macro foundations of micro
8.7 Hazlitt and the glazier’s fallacy
Further reading Chapter 8
C. Chapter 9 Market failure: non-competitive markets
Chapter 9 Intro
9.1 Economies of size
9.2 Monopoly
Natural monopoly
Unnatural monopoly
One Lesson defenses of monopoly
9.3 Oligopoly
9.4 Monopsony and labor markets
9.5 Bargaining
9.6 Monopoly and inequality
Further reading Chapter 9
Chapter10: Market failure: Externalities and pollution
10.1 Externalities
10.2 Public goods
10. 3 Pollution
10.4 Climate Change
One Lesson Economists and Climate Change
Infrastructure: possibly to be added later
10.5 The origins of externality (optional)
Further reading
Chapter 11: Market failure: Information, uncertainty and financial markets
10.1 Market prices, information and public goods
10.2 Speculation
10.3 Risk and insurance
10.4 Financial markets, bubbles and busts
10.7 (Optional) Bitcoin
Further reading
IV. 4. Applying Lesson 2: What can governments do?
Chapter 11: Income distribution
Chapter 12 Macro policy
Fiscal policy
The multiplier
Automatic stabilisers and destabilisers
Monetary policy
Zero lower bound
Labor market policies
Chapter 12 Financial markets
Chapter 13 Environment and externalities
Chapter 14 Market failure
Monopoly, monopsony and regulation
Public ownership, nationalisation and privatisation
Further reading
Chapter 15 Knowledge and information
Chapter 16 Public Goods
Chapter 17 Conclusion