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Principles of Microeconomics 3e

Principles of Microeconomics 3e covers the scope and sequence of most one semester introductory microeconomics courses. The third edition takes a balanced approach to the theory and application of microeconomics concepts. The text uses conversational language and ample illustrations to explore economic theories, and provides a wide array of examples using both fictional and real-world applications. The third edition has been carefully and thoroughly updated to reflect recent developments.

Economics Social Sciences

Tác giả: OpenStax
Nhà xuất bản: LibreTexts
Nguồn: LibreTexts
Giấy phép: CC BY
Ngôn ngữ: EN
Danh mục: Kinh tế

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Mục lục· 259 mục

01: Welcome to Economics
1.00: Introduction
1.01: What Is Economics and Why Is It Important
1.02: Microeconomics and Macroeconomics
1.03: How Economists Use Theories and Models to Understand Economic Issues
1.04: How To Organize Economies- An Overview of Economic Systems
1.05: Key Terms
1.06: Key Concepts and Summary
1.07: Self-Check Questions
1.08: Review Questions
1.09: Critical Thinking Questions
02: Choice in a World of Scarcity
2.00: Introduction
2.01: How Individuals Make Choices Based on Their Budget Constraint
2.02: The Production Possibilities Frontier and Social Choices
2.03: Confronting Objections to the Economic Approach
2.04: Key Terms
2.05: Key Concepts and Summary
2.06: Self-Check Questions
2.07: Review Questions
2.08: Critical Thinking Questions
2.09: Problems
03: Demand and Supply
3.00: Introduction
3.01: Demand Supply and Equilibrium in Markets for Goods and Services
3.02: Shifts in Demand and Supply for Goods and Services
3.03: Changes in Equilibrium Price and Quantity- The Four-Step Process
3.04: Price Ceilings and Price Floors
3.05: Demand Supply and Efficiency
3.06: Key Terms
3.07: Key Concepts and Summary
3.08: Self-Check Questions
3.09: Review Questions
3.10: Critical Thinking Questions
3.11: Problems
04: Labor and Financial Markets
4.00: Introduction
4.01: Demand and Supply at Work in Labor Markets
4.02: Demand and Supply in Financial Markets
4.03: The Market System as an Efficient Mechanism for Information
4.04: Key Terms
4.05: Key Concepts and Summary
4.06: Self-Check Questions
4.07: Review Questions
4.08: Critical Thinking Questions
4.09: Problems
05: Elasticity
5.00: Introduction
5.01: Price Elasticity of Demand and Price Elasticity of Supply
5.02: Polar Cases of Elasticity and Constant Elasticity
5.03: Elasticity and Pricing
5.04: Elasticity in Areas Other Than Price
5.05: Key Terms
5.06: Key Concepts and Summary
5.07: Self-Check Questions
5.08: Review Questions
5.09: Critical Thinking Questions
5.10: Problems
06: Consumer Choices
6.00: Introduction
6.01: Consumption Choices
6.02: How Changes in Income and Prices Affect Consumption Choices
6.03: Behavioral Economics- An Alternative Framework for Consumer Choice
6.04: Key Terms
6.05: Key Concepts and Summary
6.06: Self-Check Questions
6.07: Review Questions
6.08: Critical Thinking Questions
6.09: Problems
07: Production Costs and Industry Structure
7.00: Introduction
7.01: Explicit and Implicit Costs and Accounting and Economic Profit
7.02: Production in the Short Run
7.03: Costs in the Short Run
7.04: Production in the Long Run
7.05: Costs in the Long Run
7.06: Key Terms
7.07: Key Concepts and Summary
7.08: Self-Check Questions
7.09: Review Questions
7.10: Critical Thinking Questions
7.11: Problems
08: Perfect Competition
8.00: Introduction
8.01: Perfect Competition and Why It Matters
8.02: How Perfectly Competitive Firms Make Output Decisions
8.03: Entry and Exit Decisions in the Long Run
8.04: Efficiency in Perfectly Competitive Markets
8.05: Key Terms
8.06: Key Concepts and Summary
8.07: Self-Check Questions
8.08: Review Questions
8.09: Critical Thinking Questions
8.10: Problems
09: Monopoly
9.00: Introduction
9.01: How Monopolies Form- Barriers to Entry
9.02: How a Profit-Maximizing Monopoly Chooses Output and Price
9.03: Key Terms
9.04: Key Concepts and Summary
9.05: Self-Check Questions
9.06: Review Questions
9.07: Critical Thinking Questions
9.08: Problems
10: Monopolistic Competition and Oligopoly
10.00: Introduction
10.01: Monopolistic Competition
10.02: Oligopoly
10.03: Key Terms
10.04: Key Concepts and Summary
10.05: Self-Check Questions
10.06: Review Questions
10.07: Critical Thinking Questions
10.08: Problems
11: Monopoly and Antitrust Policy
11.00: Introduction
11.01: Corporate Mergers
11.02: Regulating Anticompetitive Behavior
11.03: Regulating Natural Monopolies
11.04: The Great Deregulation Experiment
11.05: Key Terms
11.06: Key Concepts and Summary
11.07: Self-Check Questions
11.08: Review Questions
11.09: Critical Thinking Questions
11.10: Problems
12: Environmental Protection and Negative Externalities
12.00: Introduction
12.01: The Economics of Pollution
12.02: Command-and-Control Regulation
12.03: Market-Oriented Environmental Tools
12.04: The Benefits and Costs of U.S. Environmental Laws
12.05: International Environmental Issues
12.06: The Tradeoff between Economic Output and Environmental Protection
12.07: Key Terms
12.08: Key Concepts and Summary
12.09: Self-Check Questions
12.10: Review Questions
12.11: Critical Thinking Questions
12.12: Problems
13: Positive Externalities and Public Goods
13.00: Introduction
13.01: Investments in Innovation
13.02: How Governments Can Encourage Innovation
13.03: Public Goods
13.04: Key Terms
13.05: Key Concepts and Summary
13.06: Self-Check Questions
13.07: Review Questions
13.08: Critical Thinking Questions
13.09: Problems
14: Labor Markets and Income
14.00: Introduction
14.01: The Theory of Labor Markets
14.02: Wages and Employment in an Imperfectly Competitive Labor Market
14.03: Market Power on the Supply Side of Labor Markets- Unions
14.04: Bilateral Monopoly
14.05: Employment Discrimination
14.06: Immigration
14.07: Key Terms
14.08: Key Concepts and Summary
14.09: Self-Check Questions
14.10: Review Questions
14.11: Critical Thinking Questions
15: Poverty and Economic Inequality
15.00: Introduction
15.01: Drawing the Poverty Line
15.02: The Poverty Trap
15.03: The Safety Net
15.04: Income Inequality- Measurement and Causes
15.05: Government Policies to Reduce Income Inequality
15.06: Key Terms
15.07: Key Concepts and Summary
15.08: Self-Check Questions
15.09: Review Questions
15.10: Critical Thinking Questions
15.11: Problems
16: Information Risk and Insurance
16.00: Introduction
16.01: The Problem of Imperfect Information and Asymmetric Information
16.02: Insurance and Imperfect Information
16.03: Key Terms
16.04: Key Concepts and Summary
16.05: Self-Check Questions
16.06: Review Questions
16.07: Critical Thinking Questions
16.08: Problems
17: Financial Markets
17.00: Introduction
17.01: How Businesses Raise Financial Capital
17.02: How Households Supply Financial Capital
17.03: How to Accumulate Personal Wealth
17.04: Key Terms
17.05: Key Concepts and Summary
17.06: Self-Check Questions
17.07: Review Questions
17.08: Critical Thinking Questions
17.09: Problems
18: Public Economy
18.00: Introduction
18.01: Voter Participation and Costs of Elections
18.02: Special Interest Politics
18.03: Flaws in the Democratic System of Government
18.04: Key Terms
18.05: Key Concepts and Summary
18.06: Self-Check Questions
18.07: Review Questions
18.08: Critical Thinking Questions
18.09: Problems
19: International Trade
19.00: Introduction
19.01: Absolute and Comparative Advantage
19.02: What Happens When a Country Has an Absolute Advantage in All Goods
19.03: Intra-industry Trade between Similar Economies
19.04: The Benefits of Reducing Barriers to International Trade
19.05: Key Terms
19.06: Key Concepts and Summary
19.07: Self-Check Questions
19.08: Review Questions
19.09: Critical Thinking Questions
19.10: Problems
20: Globalization and Protectionism
20.00: Introduction
20.01: Protectionism- An Indirect Subsidy from Consumers to Producers
20.02: International Trade and Its Effects on Jobs Wages and Working Conditions
20.03: Arguments in Support of Restricting Imports
20.04: How Governments Enact Trade Policy- Globally Regionally and Nationally
20.05: The Tradeoffs of Trade Policy
20.06: Key Terms
20.07: Key Concepts and Summary
20.08: Self-Check Questions
20.09: Review Questions
20.10: Critical Thinking Questions
20.11: Problems
21: Appendix
21.00: Appendix A- The Use of Mathematics in Principles of Economics
21.01: Appendix B- Indifference Curves
21.02: Appendix C- Present Discounted Value
21.03: Answer Key
21.3.00: Chapter 1
21.3.01: Chapter 2
21.3.02: Chapter 3
21.3.03: Chapter 4
21.3.04: Chapter 5
21.3.05: Chapter 6
21.3.06: Chapter 7
21.3.07: Chapter 8
21.3.08: Chapter 9
21.3.09: Chapter 10
21.3.10: Chapter 11
21.3.11: Chapter 12
21.3.12: Chapter 13
21.3.13: Chapter 14
21.3.14: Chapter 15
21.3.15: Chapter 16
21.3.16: Chapter 17
21.3.17: Chapter 18
21.3.18: Chapter 19
21.3.19: Chapter 20