Microeconomics Economics Today: The Micro View
Economics Today: The Micro View

Economics Today: The Micro View

Miller • 18th Edition • 978-0133885071 Not the textbook you were looking for? Pick another one here.

Ch. 1 - The Nature of Economics

Introduction to Economics Three Key Economic Ideas Productive and Allocative Efficiency; Equality Positive and Normative Statements Graphing Review Percentage and Decimal Review Percentage and Decimal Review Fractions Review Fractions Review

Ch. 2 - Scarcity and the World of Trade-Offs

Factors of Production Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency PPF - Increasing Marginal Opportunity Costs and Allocative Efficiency PPF - Outward Shifts PPF - Comparative Advantage and Absolute Advantage PPF - Comparative Advantage and Trade

Ch. 3 - Demand and Supply

Introduction to Supply and Demand The Basics of Demand Individual Demand and Market Demand Shifting Demand The Basics of Supply Individual Supply and Market Supply Shifting Supply Big Daddy Shift Summary Supply and Demand Together: Equilibrium, Shortage, and Surplus

Ch. 4 - Extensions of Demand and Supply Analysis

Supply and Demand Together: One-sided Shifts Supply and Demand Together: Both Shift Price Ceilings, Price Floors, and Black Markets Consumer Surplus and Willingness to Pay Producer Surplus and Willingness to Sell Economic Surplus and Efficiency

Ch. 5 - Public Spending and Public Choice

Externalities: Social Benefits and Social Costs Public Solutions to Externalities Private Solutions to Externalities: The Coase Theorem Four Types of Goods and Two Characteristics The Free Rider Problem and the Tragedy of the Commons

Ch. 6 - Funding the Public Sector

Introducing Taxes and Tax Incidence Effects of Taxes on a Market Tax Efficiency Tax Equity

Ch. 19 - Demand and Supply Elasticity

Percentage Change and Price Elasticity of Demand Elasticity and the Midpoint Method Price Elasticity of Demand on a Graph Determinants of Price Elasticity of Demand Total Revenue Test Total Revenue Along a Linear Demand Curve Income Elasticity of Demand Cross-Price Elasticity of Demand Price Elasticity of Supply Price Elasticity of Supply on a Graph Elasticity Summary

Ch. 20 - The Theory of Consumer Choice

Budget Constraint Indifference Curves Indifference Curves for Perfect Substitutes and Perfect Complements Consumer Optimum Consumption: Budget Constraint and Indifference Curves Consumer Optimum Consumption: Marginal Utility per Dollar Spent

Ch. 21 - Rents, Profits, and the Financial Environment of Business

Revenue, Cost, and Profit

Ch. 22 - The Firm: Cost and Output Determination

The Production Function and Diminishing Returns Marginal Cost The Relationship Between Average Cost and Marginal Cost Graphing Costs Average Total Cost: Short Run and Long Run

Ch. 23 - Perfect Competition

Introduction to the Four Market Models Characteristics of Perfect Competition Revenue in Perfect Competition Perfect Competition Profit on the Graph Short Run Shutdown Decision Long Run Entry and Exit Decision Individual Supply Curve in the Short Run and Long Run Market Supply Curve in the Short Run and Long Run Long Run Equilibrium Four Market Model Summary: Perfect Competition

Ch. 24 - Monopoly

Characteristics of Monopoly Monopoly Revenue Monopoly Profit on the Graph Monopoly Efficiency and Deadweight Loss Price Discrimination Four Market Model Summary: Monopoly

Ch. 25 - Monopolistic Competition

Characteristics of Monopolistic Competition Revenue in Monopolistic Competition Monopolistic Competition Profit on the Graph Monopolistic Competition in the Long Run Efficiency in Monopolistic Competition Advertising Four Market Model Summary: Monopolistic Competition

Ch. 26 - Oligopoly and Strategic Behavior

Characteristics of Oligopoly One-Time Games and the Prisoner's Dilemma Game Theory and Oligopoly Profit Repeated Games Four Firm Concentration Ratio Four Market Model Summary: Oligopoly

Ch. 27 - Regulation and Antitrust Policy in a Globalized Economy

Antitrust Laws and Government Regulation of Monopolies Asymmetric Information: Adverse Selection and Moral Hazard Solutions to Informational Problems

Ch. 28 - The Labor Market: Demand, Supply, and Outsourcing

The Production Function and Marginal Revenue Product Demand for Labor in Perfect Competition Shifts in Labor Demand Supply of Labor in Perfect Competition Shifts in Labor Supply

Ch. 29 - Unions and Labor Market Monopoly Power

Unions Monopsony Bilateral Monopoly

Ch. 30 - Income, Poverty, and Health Care

Income Inequality in the USA and Worldwide Poverty Polices to Reduce Poverty Lorenz Curve and Gini Coefficient

Ch. 31 - Environmental Economics

Externalities: Social Benefits and Social Costs Public Solutions to Externalities Private Solutions to Externalities: The Coase Theorem

Ch. 32 - Comparative Advantage and the Open Economy

Exporting and Importing Sources of Comparative Advantage Tariffs on Imports Import Quotas and VERs Arguments Against International Trade

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