Microeconomics: principles, problems, and policies

✍ Scribed by Brue, Stanley L.;Flynn, Sean Masaki;McConnell, Campbell R

• Publisher: McGraw-Hill Education
• Year: 2018
• Tongue: English
• Leaves: 622
• Category: Library

✦ Synopsis

Preface -- Introduction to economics and the economy -- Limits, alternatives, and choices -- The market system and the circular flow -- Price, quantity, and efficiency -- Demand, supply, and market equilibrium -- Market failures: public goods and externalities -- Government's role and government failure -- Consumer behavior -- Elasticity -- Utility maximization -- Behavioral economics -- Microeconomics of product markets -- Businesses and the costs of production -- Pure competition in the short run -- Pure competition in the long run -- Pure monopoly -- Monopolistic competition and oligopoly -- Microeconomics of resource markets and government -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Public finance: expenditures and taxes -- Microeconomic issues and policies -- Antitrust policy and regulation -- Agriculture: economics and policy -- Income inequality, poverty, and discrimination -- Health care -- Immigration -- International economics -- International trade -- The balance of payments, exchange rates, and trade deficits -- Glossary.

✦ Table of Contents

Preface --
Introduction to economics and the economy --
Limits, alternatives, and choices --
The market system and the circular flow --
Price, quantity, and efficiency --
Demand, supply, and market equilibrium --
Market failures: public goods and externalities --
Government's role and government failure --
Consumer behavior --
Elasticity --
Utility maximization --
Behavioral economics --
Microeconomics of product markets --
Businesses and the costs of production --
Pure competition in the short run --
Pure competition in the long run --
Pure monopoly --
Monopolistic competition and oligopoly --
Microeconomics of resource markets and government --
The demand for resources --
Wage determination --
Rent, interest, and profit --
Natural resource and energy economics --
Public finance: expenditures and taxes --
Microeconomic issues and policies --
Antitrust policy and regulation --
Agriculture: economics and policy --
Income inequality, poverty, and discrimination --
Health care --
Immigration --
International economics --
International trade --
The balance of payments, exchange rates, and trade deficits --
Glossary.

✦ Subjects

Microeconomics