Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less
Frakt, Austin; Piper, Mike
ISBN 10: 0981454291 ISBN 13: 9780981454290
Published by Simple Subjects, 2014
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Paperback
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ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
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About this Item
Description:
Pages are clean and are not marred by notes or folds of any kind. ~ ThriftBooks: Read More, Spend Less 0.38. Seller Inventory # G0981454291I2N00
Synopsis:
Find all of the following topics, explained in plain-English:
Introduction:
What is Economics? | Not a Perfect Model | Microeconomics vs. Macroeconomics
1. Maximizing Utility
Decreasing Marginal Utility | Opportunity Costs
2. Evaluating Production Possibilities
Production Possibilities Frontiers | Absolute and Comparative Advantage
3. Demand
Determinants of Demand | Elasticity of Demand | Change in Demand vs. Change in Quantity Demanded
4. Supply
Determinants of Supply | Elasticity of Supply | Change in Supply vs. Change in Quantity Supplied
5. Market Equilibrium
How Market Equilibrium is Reached | The Effect of Changes in Supply and Demand
6. Government Intervention
Price Ceilings and Price Floors | Taxes and Subsidies
7. Costs of Production
Marginal Cost of Production | Fixed vs. Variable Costs | Short Run vs. Long Run | Sunk Costs | Economic Costs vs. Accounting Costs
8. Perfect Competition
Firms Are Price Takers | Making Decisions at the Margin | Consumer and Producer Surplus
9. Monopoly
Market Power | Deadweight Loss with a Monopoly | Monopolies and Government
10. Oligopoly
Collusion | Cheating the Cartel | Government Intervention in Oligopolies
11. Monopolistic Competition
Competing via Product Differentiation | Loss of Surplus with Monopolistic Competition
Conclusion: The Insights and Limitations of Economics
"About this title" may belong to another edition of this title.
Bibliographic Details
Title: Microeconomics Made Simple: Basic ...
Publisher: Simple Subjects
Publication Date: 2014
Binding: Paperback
Condition: As New
Dust Jacket Condition: No Jacket
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