Microeconomics in Modules

by Krugman, Paul; Wells, Robin; Ray, Margaret; Anderson, David A.

• ISBN13: 9781429287302
• ISBN10: 1429287306
• Edition: 2nd
• Format: Paperback
• Copyright: 2011-05-06
• Publisher: Worth Publishers

Summary

With the acclaimed writing and teaching approach of Paul Krugman and Robin Wells, Microeconomics in Modules offers:

A concise, accessible introduction to economics with 45 modules divided into 8 sections

A format that lets students explore economics at an effective pace—one essential topic at a time. Each module is easily readable in a single sitting.

Updated coverage based on the Second Edition of Krugman and Wells, Economics, with same engaging features and writing that have made the Krugman/Wells a classroom favorite.

Section-concluding Reviews and Problem Sets that help students tie together what they have learned from the modules in that section.

Table of Contents

Section 1
Basic Economic Concepts
Module 1 The Study of Economics
Module 2 Introduction to Microeconomics
Module 3 The Production Possibilities Curve Model
Module 4 Comparative Advantage and Trade
Appendix Graphs in Economics

Section 2
Supply and Demand
Module 5 Supply and Demand: Introduction and Demand
Module 6 Supply and Demand: Supply and Equilibrium
Module 7 Supply and Demand: Changes in Equilibrium
Module 8 Supply and Demand: Price Controls (Ceilings
and Floors)
Module 9 Supply and Demand: Quantity Controls

Section 3
Behind the Demand Curve: Consumer Choice
Module 10 Income Effects, Substitution Effects,
and Elasticity
Module 11 Interpreting Price Elasticity of Demand
Module 12 Other Elasticities
Module 13 Consumer and Producer Surplus
Module 14 Efficiency and Deadweight Loss
Module 15 Utility Maximization

Section 4
Behind the Supply Curve: Profit, Production, and Costs
Module 16 Defining Profit
Module 17 Profit Maximization
Module 18 The Production Function
Module 19 Firm Costs
Module 20 Long-Run Costs and Economies of Scale
Module 21 Introduction to Market Structure

Section 5
Market Structures: Perfect Competition and Monopoly
Module 22 Introduction to Perfect Competition
Module 23 Graphing Perfect Competition
Module 24 Long-Run Outcomes in Perfect Competition
Module 25 Introduction to Monopoly
Module 26 Monopoly and Public Policy
Module 27 Price Discrimination

Section 6
Market Structures: Imperfect Competition
Module 28 Introduction to Oligopoly
Module 29 Game Theory
Module 30 Oligopoly in Practice
Module 31 Introduction to Monopolistic Competition
Module 32 Product Differentiation and Advertising

Section 7
Factor Markets
Module 33 Introduction and Factor Demand
Module 34 The Markets for Land and Capital
Module 35 The Market for Labor
Module 36 The Cost-Minimizing Input Combination
Module 37 Theories of Income Distribution

Section 8
Market Failure and the Role of Government
Module 38 Introduction to Externalities
Module 39 Externalities and Public Policy
Module 40 Public Goods
Module 41 Public Policy to Promote Competition
Module 42 Income Inequality and Income Distribution

Appendix Enrichment Modules
Module 43 The Economics of Information
Module 44 Indifference Curves and Consumer Choice
Module 45 International Trade

Solutions
Glossary
Index