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Principles of Microeconomics

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Principles of Microeconomics

Social Sciences
Publisher
LibreTexts
Source
LibreTexts
Language
EN
Category
Economics
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Contents· 73 sections
  1. 01: Welcome to Economics
  2. 1.01: What Economics Is and Why It's Important
  3. 1.02: How Economists Use Theories and Models to Understand Economic Issues
  4. 1.03: How Economies Can Be Organized- An Overview of Economic Systems
  5. 02: Choice in a World of Scarcity
  6. 2.01: Welcome to Economics
  7. 2.02: Prelude to Choice in a World of Scarcity
  8. 2.03: How Individuals Make Choices Based on Their Budget Constraint
  9. 2.04: The Production Possibilities Frontier and Social Choices
  10. 2.05: Confronting Objections to the Economic Approach
  11. 2.E: Choice in a World of Scarcity (Exercises)
  12. 03: Demand and Supply
  13. 3.01: Prelude to Demand and Supply
  14. 3.02: Demand Supply and Equilibrium in Markets for Goods and Services
  15. 3.03: Shifts in Demand and Supply for Goods and Services
  16. 3.04: Changes in Equilibrium Price and Quantity- The Four-Step Process
  17. 3.05: Price Ceilings and Price Floors
  18. 3.06: Demand Supply and Efficiency
  19. 3.07: Labor and Financial Markets
  20. 3.08: Demand and Supply at Work in Labor Markets
  21. 3.09: Demand and Supply in Financial Markets
  22. 3.E: Demand and Supply (Exercises)
  23. 04: Elasticity
  24. 4.01: Prelude to Elasticity
  25. 4.02: Price Elasticity of Demand and Price Elasticity of Supply
  26. 4.03: Polar Cases of Elasticity and Constant Elasticity
  27. 4.04: Elasticity and Pricing
  28. 4.05: Elasticity in Areas Other Than Price
  29. 4.E: Elasticity (Exercises)
  30. 05: Consumer Choices
  31. 5.01: Prelude to Consumer Choices
  32. 5.02: Consumption Choices
  33. 5.03: How Changes in Income and Prices Affect Consumption Choices
  34. 5.04: Labor-Leisure Choices
  35. 5.05: Intertemporal Choices in Financial Capital Markets
  36. 5.E: Consumer Choices (Exercises)
  37. 06: Production and Cost Structure of the Firm
  38. 6.01: Prelude to Production and Cost Structure of the Firm
  39. 6.02: Explicit and Implicit Costs and Accounting and Economic Profit
  40. 6.03: The Structure of Costs in the Short Run
  41. 6.04: The Structure of Costs in the Long Run
  42. 6.E: Production and Cost Structure of the Firm (Exercises)
  43. 07: Perfect Competition
  44. 7.01: Prelude to Perfect Competition
  45. 7.02: Perfect Competition and Why It Matters
  46. 7.03: How Perfectly Competitive Firms Make Output Decisions
  47. 7.04: Entry and Exit Decisions in the Long Run
  48. 7.05: Efficiency in Perfectly Competitive Markets
  49. 7.E: Perfect Competition (Exercises)
  50. 08: Monopoly
  51. 8.01: Introduction
  52. 8.02: How Monopolies Form- Barriers to Entry
  53. 8.03: How a Profit-Maximizing Monopoly Chooses Output and Price
  54. 8.E: Monopoly (Exercises)
  55. 09: Monopolistic Competition and Oligopoly
  56. 9.01: Introduction
  57. 9.02: Monopolistic Competition
  58. 9.03: Oligopoly
  59. 9.E: 10.E-Monopolistic Competition and Oligopoly (Exercises)
  60. 10: Market Failure- Externalities
  61. 10.01: Introducing Market Failure
  62. 10.02: Externalities in Depth
  63. 10.03: Government Policy Options
  64. 10.04: Private Solutions
  65. 11: Market Failure- Public Goods and Common Resources
  66. 11.01: Public Goods
  67. 11.02: Common Resources
  68. 12: International Trade
  69. 12.01: Introduction to International Trade
  70. 12.02: Gains from Trade
  71. 12.03: The United States in the Global Economy
  72. 12.04: Barriers to Trade
  73. 12.05: Arguments for and Against Protectionist Policy