Description
A concise and nontechnical introduction to microeconomics, emphasizing concepts over mathematics, with real-world examples and applications.
This concise and nontechnical introduction to microeconomics emphasizes concepts over mathematics. Keeping in mind that sometimes the most accurate model is not very useful in the real world, Microeconomic Essentials balances economics as mathematics with economics as a social process. Microeconomics is part of daily life; gas prices, wage increases, the rising cost of health care, international trade: all are microeconomic topics. Therefore, like its predecessor, Macroeconomic Essentials, this textbook accompanies its explanations with examples and real-world applications.
Table of Contents
Chapter 1 Introduction
Chapter 2 The Market Model
Chapter 3 Applications of and Interference With the Market
Chapter 4 Behind the Demand Line: Consumer Theory
Chapter 5 Behind the Supply Line: Theory of the Firm
Chapter 6 Perfect Competition
Chapter 7 Monopoly
Chapter 8 Imperfect Competition and Oligopoly Models
Chapter 9 Game Theory
Chapter 10 Input Markets
Chapter 11 Welfare and Public Economics
Chapter 12 International Economics
