Microeconomics: principles, problems, and policies

Description

Preface -- Introduction to economics and the economy -- Limits, alternatives, and choices -- The market system and the circular flow -- Price, quantity, and efficiency -- Demand, supply, and market equilibrium -- Market failures: public goods and externalities -- Government's role and government failure -- Consumer behavior -- Elasticity -- Utility maximization -- Behavioral economics -- Microeconomics of product markets -- Businesses and the costs of production -- Pure competition in the short run -- Pure competition in the long run -- Pure monopoly -- Monopolistic competition and oligopoly -- Microeconomics of resource markets and government -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Public finance: expenditures and taxes -- Microeconomic issues and policies -- Antitrust policy and regulation -- Agriculture: economics and policy -- Income inequality, poverty, and discrimination -- Health care -- Immigration -- International economics -- International trade -- The balance of payments, exchange rates, and trade deficits -- Glossary. Preface -- Introduction to economics and the economy -- Limits, alternatives, and choices -- The market system and the circular flow -- Price, quantity, and efficiency -- Demand, supply, and market equilibrium -- Market failures: public goods and externalities -- Government's role and government failure -- Consumer behavior -- Elasticity -- Utility maximization -- Behavioral economics -- Microeconomics of product markets -- Businesses and the costs of production -- Pure competition in the short run -- Pure competition in the long run -- Pure monopoly -- Monopolistic competition and oligopoly -- Microeconomics of resource markets and government -- The demand for resources -- Wage determination -- Rent, interest, and profit -- Natural resource and energy economics -- Public finance: expenditures and taxes -- Microeconomic issues and policies -- Antitrust policy and regulation -- Agriculture: economics and policy -- Income inequality, poverty, and discrimination -- Health care -- Immigration -- International economics -- International trade -- The balance of payments, exchange rates, and trade deficits -- Glossary.