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Schaum's Outline of Microeconomics, 4th edition

Schaum's Outline of Microeconomics, 4th edition

Authors: Dominick Salvatore

Published: May 2006

eISBN: 9780071491716 0071491716 | ISBN: 9780071462365

Cover

Title Page

Copyright Page

Contents

Preface

Chapter 1 Introduction

1.1 The Purpose of Theory

1.2 The Problem of Scarcity

1.3 The Function of Microeconomic Theory

1.4 Markets, Functions, and Equilibrium

1.5 Comparative Statics and Dynamics

1.6 Partial Equilibrium and General Equilibrium Analysis

1.7 Positive Economics and Normative Economics

Chapter 2 Demand, Supply, and Equilibrium: An Overview

2.1 The Individual's Demand for a Commodity

2.2 The Law of Negatively Sloped Demand

2.3 Shifts in the Individual's Demand Curve

2.4 The Market Demand for a Commodity

2.5 The Single Producer's Supply of a Commodity

2.6 The Shape of the Supply Curve

2.7 Shifts in the Single Producer's Supply Curve

2.8 The Market Supply of a Commodity

2.9 Equilibrium

2.10 Types of Equilibria

2.11 Shifts in Demand and Supply, and Equilibrium

Chapter 3 The Measurement of Elasticities

3.1 Price Elasticity of Demand

3.2 Arc and Point Elasticity

3.3 Point Elasticity and Total Expenditures

3.4 Income Elasticity of Demand

3.5 Cross Elasticity of Demand

3.6 Price Elasticity of Supply

Chapter 4 Consumer Demand Theory

4.1 Total and Marginal Utility

4.2 Consumer Equilibrium

4.3 Indifference Curves: Definition

4.4 The Marginal Rate of Substitution

4.5 Characteristics of Indifference Curves

4.6 The Budget Constraint Line

4.7 Consumer Equilibrium

4.8 Exchange

4.9 The Income-Consumption Curve and the Engel Curve

4.10 The Price-Consumption Curve and the Consumer's Demand Curve

4.11 Separation of the Substitution and Income Effects

Chapter 5 Advanced Topics in Consumer Demand Theory

5.1 The Substitution Effect According to Hicks and Slutsky

5.2 The Theory of Revealed Preference

5.3 Index Numbers and Changes in the Standard of Living

5.4 Utility Theory Under Uncertainty

5.5 A New Approach to Consumer Theory—the Demand for Characteristics

5.6 Empirical Demand Curves

Chapter 6 Theory of Production

6.1 Production With One Variable Input: Total, Average, and Marginal Product

6.2 The Shapes of the Average and Marginal Product Curves

6.3 Stages of Production

6.4 Production With Two Variable Inputs: Isoquants

6.5 The Marginal Rate of Technical Substitution

6.6 Characteristics of Isoquants

6.7 Isocosts

6.8 Producer Equilibrium

6.9 Expansion Path

6.10 Factor Substitution

6.11 Constant, Increasing, and Decreasing Returns To Scale

Chapter 7 Costs of Production

7.1 Short-Run Total Cost Curves

7.2 Short-Run Per-Unit Cost Curves

7.3 The Geometry of Short-Run Per-Unit Cost Curves

7.4 The Long-Run Average Cost Curve

7.5 The Shape of The Long-Run Average Cost Curve

7.6 The Long-Run Marginal Cost Curve

7.7 The Long-Run Total Cost Curve

7.8 The Cobb-Douglas Production Function

7.9 X-Inefficiency

7.10 Technological Progress

Midterm Examination

Chapter 8 Price and Output Under Perfect Competition

8.1 Perfect Competition Defined

8.2 Price Determination in the Market Period

8.3 Short-Run Equilibrium of the Firm: Total Approach

8.4 Short-Run Equilibrium of the Firm: Marginal Approach

8.5 Short-Run Profit or Loss?

8.6 Short-Run Supply Curve

8.7 Long-Run Equilibrium of the Firm

8.8 Constant Cost Industries

8.9 Increasing Cost Industries

8.10 Decreasing Cost Industries

Chapter 9 Price and Output Under Pure Monopoly

9.1 Pure Monopoly Defined

9.2 The MR Curve and Elasticity

9.3 Short-Run Equilibrium Under Pure Monopoly: Total Approach

9.4 Short-Run Equilibrium Under Pure Monopoly: Marginal Approach

9.5 Long-Run Equilibrium Under Pure Monopoly

9.6 Regulation of Monopoly: Price Control

9.7 Regulation of Monopoly: Lump-Sum Tax

9.8 Regulation of Monopoly: Per-Unit Tax

9.9 Price Discrimination

Chapter 10 Price and Output Under Monopolistic Competition and Oligopoly

10.1 Monopolistic Competition Defined

10.2 Short-Run Equilibrium Under Monopolistic Competition

10.3 Long-Run Equilibrium Under Monopolistic Competition

10.4 Oligopoly Defined

10.5 The Cournot Model

10.6 The Edgeworth Model

10.7 The Chamberlin Model

10.8 The Kinked Demand Curve Model

10.9 The Centralized Cartel Model

10.10 The Market-Sharing Cartel Model

10.11 Price Leadership Model

10.12 Long-Run Equilibrium Under Oligopoly

Chapter 11 Recent and Advanced Topics in Market Structure

11.1 The Lerner Index as a Measure of a Firm's Monopoly Power

11.2 The Herfindahl Index as Measure of Monopoly Power in an Industry

11.3 Contestable-Market Theory

11.4 Peak-Load Pricing

11.5 Cost-Plus Pricing

11.6 Transfer Pricing

Chapter 12 Game Theory and Oligopolistic Behavior

12.1 Game Theory: Definitions and Objectives

12.2 Dominant Strategy

12.3 Nash Equilibrium

12.4 The Prisoners' Dilemma

12.5 Price and Nonprice Competition and Cartel Cheating

12.6 Repeated Games and Tit-For-Tat Strategy

12.7 Strategic Behavior

Chapter 13 Input Pricing and Employment

Perfect Competition in the Product and Input Markets

13.1 Profit Maximization and Least-Cost Input Combinations

13.2 The Demand Curve of the Firm for One Variable Input

13.3 The Demand Curve of the Firm for One of Several Variable Inputs

13.4 The Market Demand Curve for an Input

13.5 The Market Supply Curve for an Input

13.6 Pricing and Level of Employment of an Input

13.7 Rent and Quasi-Rent

Perfect Competition in the Market and Monopoly in the Product Market

13.8 Profit Maximization and Least-Cost Input Combinations

13.9 The Demand Curve of the Firm for One Variable Input

13.10 The Demand Curve of the Firm for One of Several Variable Inputs

13.11 The Market Demand Curve and Input Pricing

Monopsony

13.12 Input Supply Curve and Marginal Resource Costs

13.13 Pricing and Employment for One Variable Input

13.14 Pricing and Employment of Several Variable Inputs

Chapter 14 General Equilibrium and Welfare Economics

General Equilibrium

14.1 Partial and General Equilibrium Analysis

14.2 General Equilibrium of Exchange

14.3 General Equilibrium of Production

14.4 The Transformation Curve

14.5 The Slope of the Transformation Curve

14.6 General Equilibrium of Production and Exchange

Welfare Economics

14.7 Welfare Economics Defined

14.8 The Utility-Possibility Curve

14.9 Grand Utility-Possibility Curve

14.10 The Social Welfare Function

14.11 The Point of Maximum Social Welfare

14.12 Perfect Competition and Economic Efficiency

14.13 Externalities and Market Failure

14.14 Public Goods

Chapter 15 The Economics of Information

15.1 The Economics of Search

15.2 Searching for The Lowest Price

15.3 Asymmetric Information: The Market for Lemons and Adverse Selection

15.4 Market Signaling

15.5 The Problem of Moral Hazard

15.6 The Principal-Agent Problem

15.7 The Efficiency Wage Theory

Final Examination

Index