Microeconomics Made Simple: Basic Microeconomic Principles Explained in 100 Pages or Less (Financial Topics in 100 Pages or Less)

ISBN: 0981454291

Author: Frakt PhD, Austin

Condition: New

Find all of the following topics, explained in plain-English:Introduction:What is Economics? Not a Perfect Model Microeconomics vs. Macroeconomics1. Maximizing UtilityDecreasing Marginal Utility Opportunity Costs2. Evaluating Production PossibilitiesProduction Possibilities Frontiers Absolute and Comparative Advantage3. DemandDeterminants of Demand Elasticity of Demand Change in Demand vs. Change in Quantity Demanded4. SupplyDeterminants of Supply Elasticity of Supply Change in Supply vs. Change in Quantity Supplied5. Market EquilibriumHow Market Equilibrium is Reached The Effect of Changes in Supply and Demand6. Government InterventionPrice Ceilings and Price Floors Taxes and Subsidies7. Costs of ProductionMarginal Cost of Production Fixed vs. Variable Costs Short Run vs. Long Run Sunk Costs Economic Costs vs. Accounting Costs8. Perfect CompetitionFirms Are Price Takers Making Decisions at the Margin Consumer and Producer Surplus9. MonopolyMarket Power Deadweight Loss with a Monopoly Monopolies and Government10. OligopolyCollusion Cheating the Cartel Government Intervention in Oligopolies11. Monopolistic CompetitionCompeting via Product Differentiation Loss of Surplus with Monopolistic CompetitionConclusion: The Insights and Limitations of Economics