Microeconomics 1e

by Martin Medeiros

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Economic analysis of market systems, price theory, including supply and demand analysis, marginal utility, elasticity, cost and revenue concepts, perfect and imperfect competition, international trade theory, pricing of the factors of production, poverty and income inequalities.

Description from LibreTexts.

Publisher
Chabot College
Subjects
Social Sciences, Economics
Licence
CC BY-NC-SA 4.0, as LibreTexts states it. Non-commercial use only.
Who can read
Teens profiles and older, judged from its title and subjects

Contents

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  1. Front Matter
  2. TitlePage
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. 1: Overview
  7. 1.1: What is Economics?
  8. 1.2: Scarcity and Choices
  9. 1.3: The Economy
  10. 1.4: Production Possibilities
  11. 1.5: Reality Shot
  12. 2: Gross Domestic Product
  13. 2.1: Making Sense of the Data
  14. 2.2: Gross Domestic Product
  15. 2.3: Missing Output
  16. 2.4: GDP and Spending
  17. 2.5: The Relationship between Expenditure Components and Economic Indicators
  18. 3: Supply and Demand
  19. 3.1: Free Markets and Efficiency
  20. 3.2: Free Markets - Sustainability
  21. 3.3: Free Markets – Enhanced Growth
  22. 3.4: Supply and Demand – A Form of Communication
  23. 3.5: Demand
  24. 3.6: Supply
  25. 3.7: Equilibrium
  26. 4: Elasticity
  27. 4.1: Limitations of the Laws of Supply and Demand
  28. 4.2: Elasticity
  29. 4.3: Rubber Band Theory
  30. 4.4: Calculating Elasticity
  31. 4.5: Determinants of Elasticity
  32. 5: Costs of Production
  33. 5.1: Costs and Profit
  34. 5.2: Costs and Productivity
  35. 5.3: Marginal Cost
  36. 5.4: Variable Cost
  37. 5.5: Average Total Cost
  38. 5.6: Long-run Average Total Costs
  39. 6: Perfect Competition
  40. 6.1: Market Structure
  41. 6.2: Market Environment
  42. 6.3: Perfect Competition
  43. 6.4: Profit Maximization and Output
  44. 6.5: Long Run Equilibrium
  45. 7: Monopoly
  46. 7.1: Market Environment
  47. 7.2: Market Power
  48. 7.3: Profit Maximization and Output
  49. 7.4: Social Cost and Benefits
  50. 8: Oligopoly
  51. 8.1: Market Environment
  52. 8.2: Oligopoly
  53. 8.3: Measuring Market Structure
  54. 8.4: Interdependency
  55. 8.5: Stable Output and Price
  56. 8.6: Kinked Demand Curve
  57. 8.7: Marginal Revenue Gap
  58. 9: Games and Strategic Behavior
  59. 9.1: Matrix Games
  60. 9.2: Nash Equilibrium
  61. 9.3: Mixed Strategies
  62. 9.4: Examples
  63. 9.5: Subgame Perfection
  64. 9.6: Supergames
  65. 10: Market Failure
  66. 10.1: Market Failure- Market Power
  67. 10.2: Natural Monopoly
  68. 10.3: Market Power- Governmental Options
  69. 10.4: Market Failure- Externalities
  70. 10.5: Externalities
  71. 10.6: Government’s Role
  72. 10.7: Alternatives to Government Intervention
  73. 11: Wages and Employment in Perfect Competition
  74. 11.1: The Demand for Labor
  75. 11.2: The Supply of Labor
  76. 11.3: Labor Markets at Work
  77. 11.4: Review and Practice
  78. 12: International Trade
  79. 12.1: Introduction
  80. 12.2: Absolute and Comparative Advantage
  81. 12.3: What Happens When a Country Has an Absolute Advantage in All Goods
  82. 12.4: Intra-industry Trade between Similar Economies
  83. 12.5: The Benefits of Reducing Barriers to International Trade
  84. 12.6: Key Terms
  85. 12.7: Key Concepts and Summary
  86. 12.8: Self-Check Questions
  87. 12.9: Review Questions
  88. 12.10: Critical Thinking Questions
  89. 12.11: Problems
  90. Back Matter
  91. Index
  92. Glossary
  93. Detailed Licensing
  94. Detailed Licensing