Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less

Overview

Find all of the following topics, explained in plain-English:

Introduction: What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics

1. Maximizing ...

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More About This Book

Overview

Find all of the following topics, explained in plain-English:

Introduction: What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics

1. Maximizing Utility
Decreasing Marginal Utility | Opportunity Costs

2. Evaluating Production Possibilities
Production Possibilities Frontiers | Absolute and Comparative Advantage

3. Demand
Determinants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded

4. Supply
Determinants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied

5. Market Equilibrium
How Market Equilibrium is Reached | The Effect of Changes in Supply and Demand

6. Government Intervention
Price Ceilings and Price Floors | Taxes and Subsidies

7. Costs of Production
Marginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs

8. Perfect Competition
Firms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus

9. Monopoly
Market Power | Deadweight Loss with a Monopoly | Monopolies and Government

10. Oligopoly
Collusion | Cheating the Cartel | Government Intervention in Oligopolies

11. Monopolistic Competition
Competing via Product Differentiation | Loss of Surplus with Monopolistic Competition

Conclusion: The Insights and Limitations of Economics

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Product Details

  • ISBN-13: 9780981454290
  • Publisher: Simple Subjects
  • Publication date: 6/1/2014
  • Pages: 134
  • Sales rank: 919,135
  • Product dimensions: 5.00 (w) x 8.00 (h) x 0.31 (d)

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