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ECON 22003 Principles of Microeconomics

Introductory text for college sophomore-level Principles of Microeconomics. Analysis of the decision making of individual units of economics: household, business firms, and the government. Topics include price determination, production, income distribution, market structures, and international economics.

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Tác giả: Kayla Sapkota
Nhà xuất bản: Arkansas State University-Beebe
Nguồn: LibreTexts
Ngôn ngữ: EN
Danh mục: Kinh tế

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Mục lục· 131 mục

01: Welcome to Economics
1.01: Introduction
1.02: What Is Economics and Why Is It Important
1.03: Microeconomics and Macroeconomics
1.04: How Economists Use Theories and Models to Understand Economic Issues
1.05: How To Organize Economies- An Overview of Economic Systems
1.06: Key Terms
1.07: Key Concepts and Summary
02: Choice in a World of Scarcity
2.01: Introduction
2.02: How Individuals Make Choices Based on Their Budget Constraint
2.03: The Production Possibilities Frontier and Social Choices
2.04: Confronting Objections to the Economic Approach
2.05: Key Terms
2.06: Key Concepts and Summary
03: Demand and Supply
3.01: Introduction
3.02: Demand Supply and Equilibrium in Markets for Goods and Services
3.03: Shifts in Demand and Supply for Goods and Services
3.04: Changes in Equilibrium Price and Quantity- The Four-Step Process
3.05: Price Ceilings and Price Floors
3.06: Demand Supply and Efficiency
3.07: Key Terms
3.08: Key Concepts and Summary
04: Elasticity
4.01: Introduction
4.02: Price Elasticity of Demand and Price Elasticity of Supply
4.03: Polar Cases of Elasticity and Constant Elasticity
4.04: Elasticity and Pricing
4.05: Elasticity in Areas Other Than Price
4.06: Key Terms
4.07: Key Concepts and Summary
05: Consumer Choices
5.01: Introduction
5.02: Consumption Choices
5.03: How Changes in Income and Prices Affect Consumption Choices
5.04: Behavioral Economics- An Alternative Framework for Consumer Choice
5.05: Key Terms
5.06: Key Concepts and Summary
06: Environmental Protection and Negative Externalities
6.01: Introduction
6.02: The Economics of Pollution
6.03: Command-and-Control Regulation
6.04: Market-Oriented Environmental Tools
6.05: The Benefits and Costs of U.S. Environmental Laws
6.06: International Environmental Issues
6.07: The Tradeoff between Economic Output and Environmental Protection
6.08: Key Terms
6.09: Key Concepts and Summary
07: Positive Externalities and Public Goods
7.01: Introduction
7.02: Investments in Innovation
7.03: How Governments Can Encourage Innovation
7.04: Public Goods
7.05: Key Terms
7.06: Key Concepts and Summary
08: Production Costs and Industry Structure
8.01: Introduction
8.02: Explicit and Implicit Costs and Accounting and Economic Profit
8.03: Production in the Short Run
8.04: Costs in the Short Run
8.05: Production in the Long Run
8.06: Costs in the Long Run
8.07: Key Terms
8.08: Key Concepts and Summary
09: Perfect Competition
9.01: Introduction
9.02: Perfect Competition and Why It Matters
9.03: How Perfectly Competitive Firms Make Output Decisions
9.04: Entry and Exit Decisions in the Long Run
9.05: Efficiency in Perfectly Competitive Markets
9.06: Key Terms
9.07: Key Concepts and Summary
10: Monopoly
10.01: Introduction
10.02: How Monopolies Form- Barriers to Entry
10.03: How a Profit-Maximizing Monopoly Chooses Output and Price
10.04: Key Terms
10.05: Key Concepts and Summary
11: Monopolistic Competition and Oligopoly
11.01: Introduction
11.02: Monopolistic Competition
11.03: Oligopoly
11.04: Key Terms
11.05: Key Concepts and Summary
12: Monopoly and Antitrust Policy
12.01: Introduction
12.02: Corporate Mergers
12.03: Regulating Anticompetitive Behavior
12.04: Regulating Natural Monopolies
12.05: The Great Deregulation Experiment
12.06: Key Terms
12.07: Key Concepts and Summary
13: Labor Markets and Income
13.01: Introduction
13.02: The Theory of Labor Markets
13.03: Wages and Employment in an Imperfectly Competitive Labor Market
13.04: Market Power on the Supply Side of Labor Markets- Unions
13.05: Bilateral Monopoly
13.06: Employment Discrimination
13.07: Immigration
13.08: Key Terms
13.09: Key Concepts and Summary
14: Poverty and Economic Inequality
14.01: Introduction
14.02: Drawing the Poverty Line
14.03: The Poverty Trap
14.04: The Safety Net
14.05: Income Inequality- Measurement and Causes
14.06: Government Policies to Reduce Income Inequality
14.07: Key Terms
14.08: Key Concepts and Summary
15: Globalization and Protectionism
15.01: Introduction
15.02: Protectionism- An Indirect Subsidy from Consumers to Producers
15.03: International Trade and Its Effects on Jobs Wages and Working Conditions
15.04: Arguments in Support of Restricting Imports
15.05: How Governments Enact Trade Policy- Globally Regionally and Nationally
15.06: The Tradeoffs of Trade Policy
15.07: Key Terms
15.08: Key Concepts and Summary
16: Information Risk and Insurance
16.01: Introduction
16.02: The Problem of Imperfect Information and Asymmetric Information
16.03: Insurance and Imperfect Information
16.04: Key Terms
16.05: Key Concepts and Summary
17: Appendix
17.01: Appendix A- The Use of Mathematics in Principles of Economics
17.02: Appendix B- Indifference Curves
17.03: Appendix C- Present Discounted Value