Record details

• ISBN: 0071459111
• ISBN: 9780071459112
• Physical Description: xiii, 322 pages : illustrations ; 24 cm
• Publisher: New York : McGraw-Hill, [2006]
• Copyright: ©2006

Content descriptions

General Note:

Includes index.

With Note:

MARCIVE 06/10/08

Formatted Contents Note:

1. The language of economics -- Summary -- Quiz -- 2. Math review -- Summary -- Quiz -- 3. Production and growth -- Production -- Production in a Robinson Crusoe economy -- Economic growth -- Gains from trade -- Summary -- Quiz -- 4. Demand and supply -- Demand -- Supply -- Price as a regulator in the market -- Changes in demand -- Changes in supply -- Changes in supply and demand -- Government interventions in the market -- Price floors and ceilings -- Quantity controls -- Taxation in the supply and demand model -- Summary -- Quiz -- 5. Elasticity -- Price elasticity of demand -- Income elasticity of demand -- Cross elasticity of demand -- Elasticity of supply -- Applications of elasticity -- Price elasticity of supply and demand and the burden of a sales tax -- Summary -- Quiz -- 6. Consumer and producer surplus -- Consumer surplus -- Producer surplus -- Changes in consumer and producer surplus and changes in supply and demand -- The impact of a sales tax on consumer and producer surplus -- Summary -- Quiz -- 7. Utility -- The utility function and indifference curves -- The household's income constraint -- The household's consumption equilibrium -- The law of demand and utility theory -- Income and substitution effects -- Substitution effect -- The income effect -- Combining substitution and income effects -- Summary -- Quiz --

8. Theory of the firm -- Why the firm? -- The firm's production function and isoquants -- Efficiency and the firm -- The firm's cost constraint -- A firm's cost functions : total cost, average cost, and marginal cost -- Summary -- Quiz -- 9. Perfect competition -- Summary -- Quiz -- 10. Theory of monopoly -- Static monopoly -- Efficiency aspects of static monopoly -- Price discrimination -- First degree price discrimination -- Third degree price discrimination -- Second degree price discrimination -- Cartel theory -- Contestable market theory -- Summary -- Quiz -- 11. Monopolistic competition and oligopoly -- Monopolistic competition -- Oligopoly -- The kinked demand model -- Oligopoly with a dominant firm -- Strategic interaction -- Cournot duopoly game -- Bertrand's duopoly game -- Summary -- Quiz -- 12. Factor markets -- Labor -- Labor demand -- Labor supply -- Labor market equilibrium -- Additional topics in labor markets -- Capital markets -- Demand for capital -- Supply of capital -- Capital market equilibrium -- Land -- Summary -- Quiz -- 13. Market failure and government intervention in markets -- Public goods -- Externalities -- Summary -- Quiz -- Appendix A. Quiz answers -- Appendix B. Final exam -- Final exam answers.

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Microeconomics.
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