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Microeconomics 1e

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Microeconomics 1e

Economic analysis of market systems, price theory, including supply and demand analysis, marginal utility, elasticity, cost and revenue concepts, perfect and imperfect competition, international trade theory, pricing of the factors of production, poverty and income inequalities.

EconomicsSocial Sciences
Author
Martin Medeiros
Publisher
Chabot College
Source
LibreTexts
License
CC BY-NC-SA
Language
EN
Category
Economics
Read online Download PDF (open licence)
Contents· 84 sections
  1. 01: Overview
  2. 1.01: What is Economics
  3. 1.02: Scarcity and Choices
  4. 1.03: The Economy
  5. 1.04: Production Possibilities
  6. 1.05: Reality Shot
  7. 02: Gross Domestic Product
  8. 2.01: Making Sense of the Data
  9. 2.02: Gross Domestic Product
  10. 2.03: Missing Output
  11. 2.04: GDP and Spending
  12. 2.05: The Relationship between Expenditure Components and Economic Indicators
  13. 03: Supply and Demand
  14. 3.01: Free Markets and Efficiency
  15. 3.02: Free Markets - Sustainability
  16. 3.03: Free Markets Enhanced Growth
  17. 3.04: Supply and Demand A Form of Communication
  18. 3.05: Demand
  19. 3.06: Supply
  20. 3.07: Equilibrium
  21. 04: Elasticity
  22. 4.01: Limitations of the Laws of Supply and Demand
  23. 4.02: Elasticity
  24. 4.03: Rubber Band Theory
  25. 4.04: Calculating Elasticity
  26. 4.05: Determinants of Elasticity
  27. 05: Costs of Production
  28. 5.01: Costs and Profit
  29. 5.02: Costs and Productivity
  30. 5.03: Marginal Cost
  31. 5.04: Variable Cost
  32. 5.05: Average Total Cost
  33. 5.06: Long-run Average Total Costs
  34. 06: Perfect Competition
  35. 6.01: Market Structure
  36. 6.02: Market Environment
  37. 6.03: Perfect Competition
  38. 6.04: Profit Maximization and Output
  39. 6.05: Long Run Equilibrium
  40. 07: Monopoly
  41. 7.01: Market Environment
  42. 7.02: Market Power
  43. 7.03: Profit Maximization and Output
  44. 7.04: Social Cost and Benefits
  45. 08: Oligopoly
  46. 8.01: Market Environment
  47. 8.02: Oligopoly
  48. 8.03: Measuring Market Structure
  49. 8.04: Interdependency
  50. 8.05: Stable Output and Price
  51. 8.06: Kinked Demand Curve
  52. 8.07: Marginal Revenue Gap
  53. 09: Games and Strategic Behavior
  54. 9.01: Matrix Games
  55. 9.02: Nash Equilibrium
  56. 9.03: Mixed Strategies
  57. 9.04: Examples
  58. 9.05: Subgame Perfection
  59. 9.06: Supergames
  60. 10: Market Failure
  61. 10.01: Market Failure- Market Power
  62. 10.02: Natural Monopoly
  63. 10.03: Market Power- Governmental Options
  64. 10.04: Market Failure- Externalities
  65. 10.05: Externalities
  66. 10.06: Governments Role
  67. 10.07: Alternatives to Government Intervention
  68. 11: Wages and Employment in Perfect Competition
  69. 11.01: The Demand for Labor
  70. 11.02: The Supply of Labor
  71. 11.03: Labor Markets at Work
  72. 11.04: Review and Practice
  73. 12: International Trade
  74. 12.01: Introduction
  75. 12.02: Absolute and Comparative Advantage
  76. 12.03: What Happens When a Country Has an Absolute Advantage in All Goods
  77. 12.04: Intra-industry Trade between Similar Economies
  78. 12.05: The Benefits of Reducing Barriers to International Trade
  79. 12.06: Key Terms
  80. 12.07: Key Concepts and Summary
  81. 12.08: Self-Check Questions
  82. 12.09: Review Questions
  83. 12.10: Critical Thinking Questions
  84. 12.11: Problems