Principles of Microeconomics Study Guide

by Mankiw, N. Gregory

• ISBN13: 9780324174618
• ISBN10: 0324174616
• Edition: 3rd
• Format: Paperback
• Copyright: 2003-02-28
• Publisher: South-Western College Pub

Summary

David R. Hakes (University of Northern Iowa) has prepared a study guide that will enhance student success. Each chapter of the study guide includes learning objectives, a description of the chapter?s context and purpose, a chapter review, key terms and definitions, advanced critical thinking questions, and helpful hints for understanding difficult concepts. Students can develop their understanding by doing the practice problems and short answer question, then assess their mastery of the key concepts with the self-test, which includes true/false and multiple choice questions.

Table of Contents

Ten Principles of Economics	1	(18)
Thinking Like an Economist	19	(26)
Interdependence and the Gains from Trade	45	(22)
The Market Forces of Supply and Demand	67	(20)
Elasticity and Its Application	87	(20)
Supply, Demand, and Government Policies	107	(18)
Consumers, Producers, and the Efficiency of Markets	125	(20)
Applications: The Costs of Taxation	145	(18)
Application: International Trade	163	(22)
Externalities	185	(18)
Public Goods and Common Resources	203	(16)
The Design of the Tax System	219	(20)
The Costs of Production	239	(22)
Firms in Competitive Markets	261	(20)
Monopoly	281	(22)
Oligopoly	303	(20)
Monopolistic Competition	323	(18)
The Markets for the Factors of Production	341	(20)
Earnings and Discrimination	361	(18)
Income Inequality and Poverty	379	(20)
The Theory of Consumer Choice	399	(18)
Frontiers in Microeconomics	417