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9780764120046

Microeconomics

by
  • ISBN13:

    9780764120046

  • ISBN10:

    0764120042

  • Edition: 2nd
  • Format: Paperback
  • Copyright: 2002-08-01
  • Publisher: Barrons Test Prep

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

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Supplemental Materials

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Summary

Classroom-style notes emphasize key facts, remind students what they need toemember for exams and papers, and guide them through the complexities ofectures and textbooks. This updated edition covers approximately 100 keyopics in brief, easy-to-master note form. They include economic models,upply and demand, variations in consumer behaviour, competition in thearketplace, monopoly, oligopoly, and much more.

Table of Contents

THEME 1: Introduction to Microeconomics and Study Keys 1(9)
Using the Study Keys
2(2)
Objectives of economics
4(1)
The market and allocation
5(1)
Micro- and macroeconomics
6(1)
Private and public sectors
7(1)
Economic systems
8(1)
Economic policy
9(1)
THEME 2: Theory and models in economics 10(10)
Theory and models
11(1)
Testing economic theory
12(1)
Simplifying assumptions
13(1)
The ceteris paribus assumption
14(1)
Other assumptions in economics
15(1)
Using graphs in economics
16(2)
Economic theory and the real world
18(2)
THEME 3: Basic concepts in economics 20(8)
The production possibility frontier
21(2)
The concept of the margin
23(1)
The firm and entrepreneurship
24(1)
Households
25(1)
Opportunity cost
26(1)
Money and price
27(1)
THEME 4: Supply and demand 28(16)
Demand
29(1)
Demand schedules and functions
30(1)
Quantity demanded
31(1)
Supply
32(1)
Quantity supplied
33(1)
Market equilibrium
34(1)
Departure from equilibrium
35(1)
Restoring market equilibrium
36(2)
Shifts/changes in demand
38(2)
Shifts/changes in supply
40(2)
Demand shifts/quantity supplied
42(1)
Supply shifts/quantity demanded
43(1)
THEME 5: Elasticity 44(11)
Elasticity
45(1)
Arc and midpoint elasticity
46(2)
Price elasticity of demand
48(1)
Elastic and inelastic demand
49(1)
What determines demand elasticity'?
50(1)
Price elasticity of supply
51(1)
Elastic and inelastic supply
52(1)
Income elasticity of demand
53(1)
Inferior goods
54(1)
THEME 6: Demand: Consumer choice 55(16)
Utility and marginal utility
56(1)
Diminishing marginal utility
57(1)
Maximizing utility
58(1)
Marginal rate of substitution
59(1)
Income and substitution effects
60(1)
Consumer demand, perceived supply
61(1)
Substitute and complementary goods
62(1)
Consumer surplus
63(1)
Indifference curves
64(2)
Utility maximization (graph)
66(1)
Income/substitution effects (graph)
67(2)
Downward-sloping demand (graph)
69(1)
Social indifference curves
70(1)
THEME 7: The firm: Costs 71(12)
Fixed cost
72(1)
Variable cost
73(1)
Diminishing returns
74(1)
Short-run and long-run costs
75(1)
Total cost
76(1)
AVC, AFC, and ATC
77(1)
Marginal cost
78(2)
MC, ATC, and AVC
80(1)
The long-run AC curve
81(1)
Economies and diseconomies of scale
82(1)
THEME 8: Profit maximization and perfect competition 83(13)
Competition
84(1)
Efficiency
85(1)
Homogeneous and differentiated product
86(1)
Ease of entry and exit
87(1)
Perfect competition
88(1)
Total revenue and marginal revenue
89(1)
Profit maximization
90(1)
Eduilibrium output
91(1)
Long-run market equilibrium
92(2)
The shutdown point
94(1)
MC as the short-run supply curve
95(1)
THEME 9: Imperfect competition 96(16)
Monopoly
97(1)
Monopoly: Demand, TR, and MR
98(2)
Monopoly: Equilibrium output
100(1)
Monopoly profits and inefficiency
101(1)
Monopolistic competition: D and MR
102(1)
Monopolistic competition: Market equilibrium
103(1)
Oligopoly
104(1)
Oligopoly: Demand and MR
105(1)
Oligopoly: Price leadership
106(2)
Oligopoly: Kinked demand
108(1)
Kinked demand: Market equilibrium
109(1)
Price discrimination
110(1)
Examples of price discrimination
111(1)
THEME 10: Production and input markets 112(16)
Inputs, factors of production
113(1)
Production functions
114(1)
Marginal physical product
115(1)
Marginal revenue product
116(1)
Equilibrium of the firm in input markets
117
Multiple inputs
118(119)
Monopsony
119(2)
Labor unions and collective bargaining
121(2)
Backward-bending supply curve of labor
123(2)
Economic rent
125(1)
Ricardo's theory of land rent
126(2)
THEME 11: Nonmarket allocation, government, and public choice 128(12)
Market failure
129(1)
Externalities
130(2)
Nonmarket resource allocation
132(2)
Public goods
134(1)
Public goods: Costs and benefits
135(1)
Measuring costs and benefits
136(1)
Public choice
137(1)
Public choice problems
138(2)
THEME 12: Government: Taxation and regulation 140(8)
Taxation
141(1)
Tax incidence (excise tax example)
142(2)
Collusion and antitrust laws
144(2)
Regulation of natural monopoly
146(2)
Glossary 148(5)
Index 153

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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