Efnisyfirlit

• COVER
• TABLE OF CONTENTS
• ABOUT THE AUTHORS
• PREFACE
• ACKNOWLEDGMENTS
• PART 1 INTRODUCTION TO MICROECONOMICS
  • 1 ANALYZING ECONOMIC PROBLEMS
    • 1.1 WHY STUDY MICRO-ECONOMICS?
    • 1.2 THREE KEY ANALYTICAL TOOLS
    • 1.3 POSITIVE AND NORMATIVE ANALYSIS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
  • 2 DEMAND AND SUPPLY ANALYSIS
    • 2.1 DEMAND, SUPPLY, AND MARKET EQUILIBRIUM
    • 2.2 PRICE ELASTICITY OF DEMAND
    • 2.3 OTHER ELASTICITIES
    • 2.4 ELASTICITY IN THE LONG RUN VERSUS THE SHORT RUN
    • 2.5 BACK-OF-THE-ENVELOPE CALCULATIONS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: Price Elasticity of Demand along a Constant Elasticity Demand Curve
• PART 2 CONSUMER THEORY
  • 3 CONSUMER PREFERENCES AND THE CONCEPT OF UTILITY
    • 3.1 REPRESENTATIONS OF PREFERENCES
    • 3.2 UTILITY FUNCTIONS
    • 3.3 SPECIAL PREFERENCES
    • 3.4 BEHAVIORAL ASPECTS OF CHOICE16
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
  • 4 CONSUMER CHOICE
    • 4.1 THE BUDGET CONSTRAINT
    • 4.2 OPTIMAL CHOICE
    • 4.3 CONSUMER CHOICE WITH COMPOSITE GOODS
    • 4.4 REVEALED PREFERENCE
    • 4.5 MAXIMIZING UTILITY USING LAGRANGE MULTIPLIERS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: The Time Value of Money
  • 5 THE THEORY OF DEMAND
    • 5.1 OPTIMAL CHOICE AND DEMAND
    • 5.2 CHANGE IN THE PRICE OF A GOOD: SUBSTITUTION EFFECT AND INCOME EFFECT
    • 5.3 CHANGE IN THE PRICE OF A GOOD: THE CONCEPT OF CONSUMER SURPLUS
    • 5.4 MARKET DEMAND
    • 5.5 THE CHOICE OF LABOR AND LEISURE
    • 5.6 CONSUMER PRICE INDICES
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
• PART 3 PRODUCTION AND COST THEORY
  • 6 INPUTS AND PRODUCTION FUNCTIONS
    • 6.1 INTRODUCTION TO INPUTS AND PRODUCTION FUNCTIONS
    • 6.2 PRODUCTION FUNCTIONS WITH A SINGLE INPUT
    • 6.3 PRODUCTION FUNCTIONS WITH MORE THAN ONE INPUT
    • 6.4 SUBSTITUTABILITY AMONG INPUTS
    • 6.5 RETURNS TO SCALE
    • 6.6 TECHNOLOGICAL PROGRESS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: The Elasticity of Substitution for a Cobb–Douglas Production Function
  • 7 COSTS AND COST MINIMIZATION
    • 7.1 COST CONCEPTS FOR DECISION MAKING
    • 7.2 THE COST-MINIMIZATION PROBLEM
    • 7.3 COMPARATIVE STATICS ANALYSIS OF THE COST-MINIMIZATION PROBLEM
    • 7.4 SHORT-RUN COST MINIMIZATION
    • 7.5 MINIMIZING LONG-RUN COSTS USING LAGRANGE MULTIPLIERS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX:
  • 8 COST CURVES
    • 8.1 LONG-RUN COST CURVES
    • 8.2 SHORT-RUN COST CURVES
    • 8.3 SPECIAL TOPICS IN COST
    • 8.4 ESTIMATING COST FUNCTIONS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: Shephard’s Lemma and Duality
• PART 4 PERFECT COMPETITION
  • 9 PERFECTLY COMPETITIVE MARKETS
    • 9.1 WHAT IS PERFECT COMPETITION?
    • 9.2 PROFIT MAXIMIZATION BY A PRICE-TAKING FIRM
    • 9.3 HOW THE MARKET PRICE IS DETERMINED: SHORT-RUN EQUILIBRIUM
    • 9.4 HOW THE MARKET PRICE IS DETERMINED: LONG-RUN EQUILIBRIUM
    • 9.5 ECONOMIC RENT AND PRODUCER SURPLUS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: Profit Maximization Implies Cost Minimization
  • 10 COMPETITIVE MARKETS: APPLICATIONS
    • 10.1 THE INVISIBLE HAND, EXCISE TAXES, AND SUBSIDIES
    • 10.2 PRICE CEILINGS AND FLOORS
    • 10.3 PRODUCTION QUOTAS
    • 10.4 PRICE SUPPORTS IN THE AGRICULTURAL SECTOR
    • 10.5 IMPORT QUOTAS AND TARIFFS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
  • PART 5 MARKET POWER
    • 11 MONOPOLY AND MONOPSONY
      • 11.1 PROFIT MAXIMIZATION BY A MONOPOLIST
      • 11.2 THE IMPORTANCE OF PRICE ELASTICITY OF DEMAND
      • 11.3 COMPARATIVE STATICS FOR MONOPOLISTS
      • 11.4 MONOPOLY WITH MULTIPLE PLANTS AND MARKETS
      • 11.5 THE WELFARE ECONOMICS OF MONOPOLY
      • 11.6 WHY DO MONOPOLY MARKETS EXIST?
      • 11.7 MONOPSONY
      • CHAPTER SUMMARY
      • REVIEW QUESTIONS
      • PROBLEMS
    • 12 CAPTURING SURPLUS
      • 12.1 CAPTURING SURPLUS
      • 12.2 FIRST-DEGREE PRICE DISCRIMINATION: MAKING THE MOST FROM EACH CONSUMER
      • 12.3 SECOND-DEGREE PRICE DISCRIMINATION: QUANTITY DISCOUNTS
      • 12.4 THIRD-DEGREE PRICE DISCRIMINATION: DIFFERENT PRICES FOR DIFFERENT MARKET SEGMENTS
      • 12.5 TYING (TIE-IN SALES)
      • 12.6 ADVERTISING
      • CHAPTER SUMMARY
      • REVIEW QUESTIONS
      • PROBLEMS
  • PART 6 IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR
    • 13 MARKET STRUCTURE AND COMPETITION
      • 13.1 DESCRIBING AND MEASURING MARKET STRUCTURE
      • 13.2 OLIGOPOLY WITH HOMOGENEOUS PRODUCTS
      • 13.3 DOMINANT FIRM MARKETS
      • 13.4 OLIGOPOLY WITH HORIZONTALLY DIFFERENTIATED PRODUCTS
      • 13.5 MONOPOLISTIC COMPETITION
      • CHAPTER SUMMARY
      • REVIEW QUESTIONS
      • PROBLEMS
      • APPENDIX: The Cournot Equilibrium and the Inverse Elasticity Pricing Rule
    • 14 GAME THEORY AND STRATEGIC BEHAVIOR
      • 14.1 THE CONCEPT OF NASH EQUILIBRIUM
      • 14.2 THE REPEATED PRISONERS' DILEMMA
      • 14.3 SEQUENTIAL-MOVE GAMES AND STRATEGIC MOVES
      • CHAPTER SUMMARY
      • REVIEW QUESTIONS
      • PROBLEMS
• PART 7 SPECIAL TOPICS
  • 15 RISK AND INFORMATION
    • 15.1 DESCRIBING RISKY OUTCOMES
    • 15.2 EVALUATING RISKY OUTCOMES
    • 15.3 BEARING AND ELIMINATING RISK
    • 15.4 ANALYZING RISKY DECISIONS
    • 15.5 AUCTIONS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
  • 16 GENERAL EQUILIBRIUM THEORY
    • 16.1 GENERAL EQUILIBRIUM ANALYSIS: TWO MARKETS
    • 16.2 GENERAL EQUILIBRIUM ANALYSIS: MANY MARKETS
    • 16.3 GENERAL EQUILIBRIUM ANALYSIS: COMPARATIVE STATICS
    • 16.4 THE EFFICIENCY OF COMPETITIVE MARKETS
    • 16.5 GAINS FROM FREE TRADE
    • COMPARATIVE ADVANTAGE
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
    • APPENDIX: Deriving the Demand and Supply Curves for General Equilibrium in Figure 16.10 and Learning-By-Doing Exercise 16.2
  • 17 EXTERNALITIES AND PUBLIC GOODS
    • 17.1 INTRODUCTION
    • 17.2 EXTERNALITIES
    • 17.3 PUBLIC GOODS
    • CHAPTER SUMMARY
    • REVIEW QUESTIONS
    • PROBLEMS
  • MATHEMATICAL APPENDIXMATHEMATICAL APPENDIX
    • A.1 FUNCTIONAL RELATIONSHIPS
    • A.2 WHAT IS A “MARGIN”?
    • A.3 DERIVATIVES
    • A.4 HOW TO FIND A DERIVATIVE
    • A.5 MAXIMIZATION AND MINIMIZATION PROBLEMS
    • A.6 MULTIVARIABLE FUNCTIONS
    • A.7 CONSTRAINED OPTIMIZATION
    • A.8 LAGRANGE MULTIPLIERS
    • SUMMARY
• SOLUTIONS TO SELECTED PROBLEMS
• GLOSSARY
• INDEX
• END USER LICENSE AGREEMENT

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