Study Guide for Arnold’s Microeconomics

by Arnold, Roger A.

• ISBN13: 9780538479400
• ISBN10: 053847940X
• Edition: 10th
• Format: Paperback
• Copyright: 2010-11-04
• Publisher: South-Western College Pub

Summary

Written and updated by the author, this Study Guide includes a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included. The Study Guide has been updated in accordance with all updates in the core text.

Table of Contents

What Economics Is About	p. 1
Production Possibilities Frontier Framework	p. 11
Supply and Demand: Theory	p. 19
Prices: Free, Controlled, and Relative	p. 30
Supply, Demand and Price: Applications	p. 38
Elasticity	p. 47
Consumer Choice: Maximizing Utility and Behavioral Economics	p. 56
Production and Costs	p. 64
Perfect Competition	p. 77
Monopoly	p. 88
Monopolistic Competition, Oligopoly, and Game Theory	p. 96
Government and Product Markets: Antitrust and Regulation	p. 105
Factor Markets: With Emphasis on the Labor Market	p. 114
Wages, Unions, and Labor	p. 123
The Distribution of Income and Poverty	p. 131
Interest, Rent, and Profit	p. 139
Market Failure: Externalities, Public Goods, and Asymmetric Information	p. 148
Public Choice and Special-Interest-Group Politics	p. 157
The Economic Case For and Against Government: Five Topics Considered	p. 164
International Trade	p. 170
International Finance	p. 180
Stocks, Bonds, Futures and Options	p. 190
WEB CHAPTER Agriculture: Problems, Policies, and Unintended Effects	p. 199
Answer Key	p. 205
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