Microeconomics A Self-Teaching Guide

ISBN-10: 0071459111
ISBN-13: 9780071459112
Edition: 2006
Authors: Craig A. Depken
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Description: Now anyone can grasp the fundamentals of microeconomics-without formal training, unlimited time, or a genius IQ. In Microeconomics Demystified, Economics professor Craig Depken provides an effective, illuminating, and entertaining way to learn this  More...

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Book details

List price: $19.95
Copyright year: 2006
Publisher: McGraw-Hill Education
Publication date: 12/14/2005
Binding: Paperback
Pages: 336
Size: 7.50" wide x 9.25" long x 0.75" tall
Weight: 1.232
Language: English

Now anyone can grasp the fundamentals of microeconomics-without formal training, unlimited time, or a genius IQ. In Microeconomics Demystified, Economics professor Craig Depken provides an effective, illuminating, and entertaining way to learn this complex subject.

Acknowledgments
Introduction
The Language of Economics
Summary
Quiz
Math Review
Summary
Quiz
Production and Growth
Production
Production in a Robinson Crusoe Economy
Economic Growth
Gains from Trade
Summary
Quiz
Demand and Supply
Demand
Supply
Price as a Regulator in the Market
Changes in Demand
Changes in Supply
Changes in Supply and Demand
Government Interventions in the Market
Price Floors and Ceilings
Quantity Controls
Taxation in the Supply and Demand Model
Summary
Quiz
Elasticity
Price Elasticity of Demand
Income Elasticity of Demand
Cross Elasticity of Demand
Elasticity of Supply
Applications of Elasticity
Price Elasticity of Supply and Demand and the Burden of a Sales Tax
Summary
Quiz
Consumer and Producer Surplus
Consumer Surplus
Producer Surplus
Changes in Consumer and Producer Surplus and Changes in Supply and Demand
The Impact of a Sales Tax on Consumer and Producer Surplus
Summary
Quiz
Utility
The Utility Function and Indifference Curves
The Household's Income Constraint
The Household's Consumption Equilibrium
The Law of Demand and Utility Theory
Income and Substitution Effects
Substitution Effect
The Income Effect
Combining Substitution and Income Effects
Summary
Quiz
Theory of the Firm
Why the Firm?
The Firm's Production Function and Isoquants
Efficiency and the Firm
The Firm's Cost Constraint
A Firm's Cost Functions: Total Cost, Average Cost, and Marginal Cost
Summary
Quiz
Perfect Competition
Summary
Quiz
Theory of Monopoly
Static Monopoly
Efficiency Aspects of Static Monopoly
Price Discrimination
First Degree Price Discrimination
Third Degree Price Discrimination
Second Degree Price Discrimination
Cartel Theory
Contestable Market Theory
Summary
Quiz
Monopolistic Competition and Oligopoly
Monopolistic Competition
Oligopoly
The Kinked Demand Model
Oligopoly with a Dominant Firm
Strategic Interaction
Cournot Duopoly Game
Bertrand's Duopoly Game
Summary
Quiz
Factor Markets
Labor
Labor Demand
Labor Supply
Labor Market Equilibrium
Additional Topics in Labor Markets
Capital Markets
Demand for Capital
Supply of Capital
Capital Market Equilibrium
Land
Summary
Quiz
Market Failure and Government Intervention in Markets
Public Goods
Externalities
Summary
Quiz
Quiz Answers
Final Exam
Final Exam Answers
Index

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