Microeconomics A Contemporary Introduction

✍ Scribed by William A McEachern

• Publisher: Cengage Learning
• Year: 2016
• Tongue: English
• Leaves: 46
• Edition: 11
• Category: Library

✦ Table of Contents

About the Author
Brief Contents
Table of Contents
Preface
Ch 1: The Art and Science of Economic Analysis
1-1: The Economic Problem: Scarce Resources, Unlimited Wants
1-2: The Art of Economic Analysis
1-3: The Science of Economic Analysis
1-4: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: Understanding Graphs
Ch 2: Economic Tools and Economic Systems
2-1: Choice and Opportunity Cost
2-2: Comparative Advantage, Specialization, and Exchange
2-3: The Economy's Production Possibilities
2-4: Economic Systems
2-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 3: Economic Decision Makers
3-1: The Household
3-2: The Firm
3-3: The Government
3-4: The Rest of the World
3-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 4: Demand, Supply, and Markets
4-1: Demand
4-2: What Shifts a Demand Curve?
4-3: Supply
4-4: What Shifts a Supply Curve?
4-5: Demand and Supply Create a Market
4-6: Changes in Equilibrium Price and Quantity
4-7: Disequilibrium
4-8: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 5: Elasticity of Demand and Supply
5-1: Price Elasticity of Demand
5-2: Determinants of the Price Elasticity of Demand
5-3: Price Elasticity of Supply
5-4: Other Elasticity Measures
5-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: Price Elasticity and Tax Incidence
Ch 6: Consumer Choice and Demand
6-1: Utility Analysis
6-2: Measuring Utility
6-3: Applications of Utility Analysis
6-4: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: Indifference Curves and Utility Maximization
Ch 7: Production and Cost in the Firm
7-1: Cost and Profit
7-2: Production in the Short Run
7-3: Costs in the Short Run
7-4: Costs in the Long Run
7-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Appendix: A Closer Look at Production and Cost
Ch 8: Perfect Competition
8-1: An Introduction to Perfect Competition
8-2: Short-Run Profit Maximization
8-3: Short-Run Loss Minimization
8-4: Short-Run Supply Curves
8-5: Perfect Competition in the Long Run
8-6: Long-Run Industry Supply Curve
8-7: Perfect Competition and Efficiency
8-8: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 9: Monopoly
9-1: Barriers to Entry
9-2: Revenue for a Monopolist
9-3: Profit Maximization and Loss Minimization for a Monopolist
9-4: Perfect Competition and Monopoly Compared
9-5: Problems with Deadweight Loss Estimates
9-6: Price Discrimination
9-7: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 10: Monopolistic Competition and Oligopoly
10-1: Monopolistic Competition
10-2: Oligopoly
10-3: Three Approaches to Oligopoly
10-4: Comparison of Oligopoly and Perfect Competition
10-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 11: Resource Markets
11-1: The Once-Over
11-2: Demand and Supply of Resources
11-3: Temporary and Permanent Resource Price Differences
11-4: Opportunity Cost and Economic Rent
11-5: A Closer Look at Resource Demand
11-6: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 12: Labor Markets and Labor Unions
12-1: Labor Supply
12-2: Why Wages Differ
12-3: Unions and Collective Bargaining
12-4: Union Wages and Employment
12-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 13: Capital, Interest, Entrepreneurship, and Corporate Finance
13-1: The Role of Time in Production and Consumption
13-2: The Market for Loanable Funds
13-3: Why Interest Rates Differ
13-4: Present Value and Discounting
13-5: Entrepreneurship
13-6: Corporate Finance
13-7: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 14: Transaction Costs, Asymmetric Information, and Behavioral Economics
14-1: The Firm's Rationale and Scope of Operation
14-2: Market Behavior with Imperfect Information
14-3: Asymmetric Information in Product Markets
14-4: Asymmetric Information in Labor Markets
14-5: Behavioral Economics
14-6: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 15: Economic Regulation and Antitrust Policy
15-1: Types of Government Regulation
15-2: Regulating a Natural Monopoly
15-3: Alternative Theories of Economic Regulation
15-4: Antitrust Law and Enforcement
15-5: Competitive Trends in the U.S. Economy
15-6: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 16: Public Goods and Public Choices
16-1: Public Goods
16-2: Public Choices in Representative Democracy
16-3: Exploiting Government versus Avoiding Government
16-4: Bureaucracy and Representative Democracy
16-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 17: Externalities and the Environment
17-1: Negative Externalities and the Common-Pool Problem
17-2: Optimal Level of Pollution
17-3: Environmental Protection
17-4: Positive Externalities
17-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 18: Poverty and Redistribution
18-1: The Distribution of Household Income
18-2: Redistribution Programs
18-3: Who are the Poor?
18-4: Some Unintended Consequences of Income Assistance
18-5: Welfare Reforms
18-6: Conclusion
Summary
Key Concepts
Questions for Review
Ch 19: International Trade
31-1: The Gains from Trade
31-2: Trade Restrictions and Welfare Loss
31-3: Efforts to Reduce Trade Barriers
31-4: Arguments for Trade Restrictions
31-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 20: International Finance
32-1: Balance of Payments
32-2: Foreign Exchange Rates and Markets
32-3: Other Factors Influencing Foreign Exchange Markets
32-4: International Monetary System
32-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Ch 21: Economic Development
33-1: Worlds Apart
33-2: Productivity: Key to Development
33-3: International Trade and Development
33-4: Foreign Aid and Economic Development
33-5: Conclusion
Summary
Key Concepts
Questions for Review
Problems and Exercises
Glossary
Index