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CITATION

Depken, Craig. Microeconomics Demystified. US: McGraw-Hill, 2005.

Microeconomics Demystified

Authors: Craig Depken

Published:  November 2005

eISBN: 9780071486743 0071486747 | ISBN: 9780071459112
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  • Contents
  • Acknowledgments
  • Introduction
  • Chapter 1 The Language of Economics
  • Summary
  • Quiz
  • Chapter 2 Math Review
  • Summary
  • Quiz
  • Chapter 3 Production and Growth
  • Production
  • Production in a Robinson Crusoe Economy
  • Economic Growth
  • Gains from Trade
  • Summary
  • Quiz
  • Chapter 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
  • Chapter 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
  • Chapter 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
  • Chapter 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
  • Chapter 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
  • Chapter 9 Perfect Competition
  • Summary
  • Quiz
  • Chapter 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
  • Chapter 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
  • Chapter 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
  • Chapter 13 Market Failure and Government Intervention in Markets
  • Public Goods
  • Externalities
  • Summary
  • Quiz
  • Appendix A: Quiz Answers
  • Appendix B: Final Exam
  • Final Exam Answers
  • Index