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Introduction to Economic Analysis
This book presents standard intermediate microeconomics material and some material that, in the authors' view, ought to be standard but is not. Introductory economics material is integrated. Standard mathematical tools, including calculus, are used throughout. The book easily serves as an intermediate microeconomics text, and can be used for a relatively sophisticated undergraduate who has not taken a basic university course in economics.
- Author
- Anonymous
- Publisher
- LibreTexts
- Source
- LibreTexts
- License
- CC BY-NC-SA
- Language
- EN
- Category
- Economics
Contents· 125 sections
- 01: What Is Economics
- 1.01: Normative and Positive Theories
- 1.02: Opportunity Cost
- 1.03: Economic Reasoning and Analysis
- 02: Supply and Demand
- 2.01: Demand and Consumer Surplus
- 2.02: Supply and Profit
- 2.03: Market Demand and Supply
- 2.04: Equilibrium
- 2.05: Changes in Demand and Supply
- 03: Quantification
- 3.01: Elasticity
- 3.02: Supply and Demand Changes
- 04: The U.S. Economy
- 4.01: Basic Demographics
- 4.02: Education
- 4.03: Households and Consumption
- 4.04: Production
- 4.05: Government
- 4.06: Trade
- 4.07: Fluctuations
- 05: Government Interventions
- 5.01: Effects of Taxes
- 5.02: Incidence of Taxes
- 5.03: Excess Burden of Taxation
- 5.04: Price Floors and Ceilings
- 5.05: The Politics of Price Controls
- 5.06: Price Supports
- 5.07: Quantity Restrictions and Quotas
- 06: Trade
- 6.01: Production Possibilities Frontier
- 6.02: Comparative and Absolute Advantage
- 6.03: Factors of Production
- 6.04: International Trade
- 07: Externalities
- 7.01: External Effects
- 7.02: Pigouvian Taxes
- 7.03: Quotas
- 7.04: Tradable Permits and Auctions
- 7.05: Coasian Bargaining
- 7.06: Fishing and Extinction
- 08: Public Goods
- 8.01: Free Riders
- 8.02: Provision With Taxation
- 8.03: Local Public Goods
- 09: Producer Theory- Costs
- 9.01: Types of Firms
- 9.02: Production Functions
- 9.03: Profit Maximization
- 9.04: The Shadow Value
- 9.05: Input Demand
- 9.06: Myriad Costs
- 10: Producer Theory- Dynamics
- 10.01: Reactions of Competitive Firms
- 10.02: Economies of Scale and Scope
- 10.03: Dynamics With Constant Costs
- 10.04: General Long-run Dynamics
- 11: Investment
- 11.01: Present Value
- 11.02: Investment
- 11.03: Investment Under Uncertainty
- 11.04: Resource Extraction
- 11.05: A Time to Harvest
- 11.06: Collectibles
- 11.07: Summer Wheat
- 12: Consumer Theory
- 12.01: Utility Maximization
- 12.02: Budget or Feasible Set
- 12.03: Isoquants
- 12.04: Examples
- 12.05: Substitution Effects
- 12.06: Income Effects
- 12.07: Mathematical Cleanup
- 13: Applied Consumer Theory
- 13.01: Labor Supply
- 13.02: Urban Real Estate Prices
- 13.03: Dynamic Choice
- 13.04: Risk Aversion
- 13.05: Search
- 14: General Equilibrium
- 14.01: Edgeworth Box
- 14.02: Equilibrium With Price System
- 14.03: General Equilibrium
- 15: Monopoly
- 15.01: Sources of Monopoly
- 15.02: Basic Analysis
- 15.03: Effect of Taxes
- 15.04: Price Discrimination
- 15.05: Welfare Effects
- 15.06: Natural Monopoly
- 15.07: Peak-load Pricing
- 16: Games and Strategic Behavior
- 16.01: Matrix Games
- 16.02: Nash Equilibrium
- 16.03: Mixed Strategies
- 16.04: Examples
- 16.05: Subgame Perfection
- 16.06: Supergames
- 17: Imperfect Competition
- 17.01: Cournot Oligopoly
- 17.02: Cournot Industry Performance
- 17.03: Hotelling Differentiation
- 17.04: The Circle Model
- 18: Information
- 18.01: Market for Lemons
- 18.02: Myerson-Satterthwaite Theorem
- 18.03: Signaling
- 18.04: Search and Price Dispersion
- 19: Agency Theory
- 19.01: Principals and Agents
- 19.02: Cost of Providing Incentives
- 19.03: Multi-tasking without Homogeneity
- 19.04: Multi-tasking without Homogeneity
- 20: Auctions
- 20.01: English Auction
- 20.02: Sealed-bid Auction
- 20.03: Dutch Auction
- 20.04: Vickrey Auction
- 20.05: The Winners Curse and Linkage
- 20.06: Auction Design
- 21: Antitrust
- 21.01: Sherman Act
- 21.02: Clayton Act
- 21.03: Price Fixing
- 21.04: Mergers