Exploring Microeconomics (eBook)

Part I: Introduction
Chapter 1: The Role and Method of Economics
1.1 Economics: A Brief Introduction
1.2 Economic Behavior
1.3 Economic Theory and Models
1.4 Pitfalls to Avoid in Scientific Thinking
1.5 Positive Statements and Normative Statements
Chapter 2: Economics: Eight Powerful Ideas
2.1 Idea 1: People Face Scarcity and Costly Trade-Offs
2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking
2.3 Idea 3: People Respond Predictably to Changes in Incentives
2.4 Idea 4: Specialization and Trade Can Make People Better Off
2.5 Idea 5: Markets Can Improve Economic Efficiency
2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes
2.7 Idea 7: Government Policies May Help Stabilize the Economy
2.8 Idea 8: Increasing Productivity Leads to Economic Growth
Chapter 3: Scarcity, Trade-Offs, and Production Possibilities
3.1 The Three Economic Questions Every Society Faces
3.2 The Circular Flow Model
3.3 The Production Possibilities Curve
3.4 Economic Growth and the Production Possibilities Curve
Part II: Supply and Demand
Chapter 4: Demand, Supply, and Market Equilibrium
4.1 Markets
4.2 Demand
4.3 Shifts in the Demand Curve
4.4 Supply
4.5 Shifts in the Supply Curve
4.6 Market Equilibrium Price and Quantity
Chapter 5: Markets in Motion and Price Controls
5.1 Changes in Market Equilibrium
5.2 Price Controls
Chapter 6: Elasticities
6.1 Price Elasticity of Demand
6.2 Total Revenue and the Price Elasticity of Demand
6.3 Other Types of Demand Elasticities
6.4 Price Elasticity of Supply
Part III: Market Efficiency, Market Failure, and the Public System
Chapter 7: Market Efficiency and Welfare
7.1 Consumer Surplus and Producer Surplus
7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls
Chapter 8: Market Failure
8.1 Externalities
8.2 Public Policy and the Environment
8.3 Property Rights and the Environment
8.4 Public Goods
8.5 Asymmetric Information
Chapter 9: Public Finance and Public Choice
9.1 Public Finance: Government Spending and Taxation
9.2 Public Choice
Part IV: Households and Market Structure
Chapter 10: Consumer Choice Theory
10.1 Consumer Behavior
10.2 The Consumer's Choice
10.3 Behavioral Economics
Chapter 11: The Firm: Production and Costs
11.1 Firms and Profts: Total Revenues Minus Total Costs
11.2 Production in the Short Run
11.3 Costs in the Short Run
11.4 The Shape of the Short-Run Cost Curves
11.5 Cost-Curves: Short Run versus Lung Run
Chapter 12: Firms in Perfectly Competitive Markets
12.1 A Perfectly Competitive Market
12.2 An Individual Price Taker's Demand Curve
12.3 Profit Maximization
12.4 Short-Run Profits and Losses
12.5 Long-Run Equilibrium
12.6 Long-Run Supply
Chapter 13: Monopoly and Antitrust
13.1 Monopoly: The Price Maker
13.2 Demand and Marginal Revenue in Monopoly
13.3 The Monopolist's Equilibrium
13.4 Monopoly and Welfare Loss
13.5 Monopoly Policy
13.6 Price Discrimination and Peak Load Pricing
Chapter 14: Monopolistic Competition and Product Differentiation
14.1 Monopolistic Competition
14.2 Price and Output Determination in Monopolistic Competition
14.3 Monopolistic Competition versus Perfect Competition
14.4 Advertising
Chapter 15: Oligopoly and Strategic Behavior
15.1 Oligopoly
15.2 Collusion and Cartels
15.3 Other Oligopoly Models
15.4 Game Theory and Strategic Behavior
Part V: Input Markets and Microeconomic Policy Issues
Chapter 16: The Markets for Labor, Capital, and Land
16.1 Input Markets
16.2 Supply and Demand in the Labor Market
16.3 Labor Market Equilibrium
16.4 Labor Unions
16.5 The Markets for Land and Capital
Chapter 17: Income, Poverty, and Health Care
17.1 Income Distribution
17.2 Income Redistribution
17.3 The Economics of Discrimination
17.4 Poverty
17.5 Health Care
Part VI: The Global Economy
Chapter 18: International Trade
18.1 The Growth in World Trade
18.2 Comparative Advantage and Gains from Trade
18.3 Supply and Demand in International Trade
18.4 Tariffs, Import Quotas, and Subsidies
Chapter 19: International Finance
19.1 The Balance of Payments
19.2 Exchange Rates
19.3 Equilibrium Changes in the Foreign Exchange Market
19.4 Flexible Exchange Rates