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Tables of Contents for Microeconomics
Chapter/Section Title
Page #
Page Count
THEME 1: Introduction to Microeconomics and Study Keys
1
9
Using the Study Keys
2
2
Objectives of economics
4
1
The market and allocation
5
1
Micro- and macroeconomics
6
1
Private and public sectors
7
1
Economic systems
8
1
Economic policy
9
1
THEME 2: Theory and models in economics
10
10
Theory and models
11
1
Testing economic theory
12
1
Simplifying assumptions
13
1
The ceteris paribus assumption
14
1
Other assumptions in economics
15
1
Using graphs in economics
16
2
Economic theory and the real world
18
2
THEME 3: Basic concepts in economics
20
8
The production possibility frontier
21
2
The concept of the margin
23
1
The firm and entrepreneurship
24
1
Households
25
1
Opportunity cost
26
1
Money and price
27
1
THEME 4: Supply and demand
28
16
Demand
29
1
Demand schedules and functions
30
1
Quantity demanded
31
1
Supply
32
1
Quantity supplied
33
1
Market equilibrium
34
1
Departure from equilibrium
35
1
Restoring market equilibrium
36
2
Shifts/changes in demand
38
2
Shifts/changes in supply
40
2
Demand shifts/quantity supplied
42
1
Supply shifts/quantity demanded
43
1
THEME 5: Elasticity
44
11
Elasticity
45
1
Arc and midpoint elasticity
46
2
Price elasticity of demand
48
1
Elastic and inelastic demand
49
1
What determines demand elasticity'?
50
1
Price elasticity of supply
51
1
Elastic and inelastic supply
52
1
Income elasticity of demand
53
1
Inferior goods
54
1
THEME 6: Demand: Consumer choice
55
16
Utility and marginal utility
56
1
Diminishing marginal utility
57
1
Maximizing utility
58
1
Marginal rate of substitution
59
1
Income and substitution effects
60
1
Consumer demand, perceived supply
61
1
Substitute and complementary goods
62
1
Consumer surplus
63
1
Indifference curves
64
2
Utility maximization (graph)
66
1
Income/substitution effects (graph)
67
2
Downward-sloping demand (graph)
69
1
Social indifference curves
70
1
THEME 7: The firm: Costs
71
12
Fixed cost
72
1
Variable cost
73
1
Diminishing returns
74
1
Short-run and long-run costs
75
1
Total cost
76
1
AVC, AFC, and ATC
77
1
Marginal cost
78
2
MC, ATC, and AVC
80
1
The long-run AC curve
81
1
Economies and diseconomies of scale
82
1
THEME 8: Profit maximization and perfect competition
83
13
Competition
84
1
Efficiency
85
1
Homogeneous and differentiated product
86
1
Ease of entry and exit
87
1
Perfect competition
88
1
Total revenue and marginal revenue
89
1
Profit maximization
90
1
Eduilibrium output
91
1
Long-run market equilibrium
92
2
The shutdown point
94
1
MC as the short-run supply curve
95
1
THEME 9: Imperfect competition
96
16
Monopoly
97
1
Monopoly: Demand, TR, and MR
98
2
Monopoly: Equilibrium output
100
1
Monopoly profits and inefficiency
101
1
Monopolistic competition: D and MR
102
1
Monopolistic competition: Market equilibrium
103
1
Oligopoly
104
1
Oligopoly: Demand and MR
105
1
Oligopoly: Price leadership
106
2
Oligopoly: Kinked demand
108
1
Kinked demand: Market equilibrium
109
1
Price discrimination
110
1
Examples of price discrimination
111
1
THEME 10: Production and input markets
112
16
Inputs, factors of production
113
1
Production functions
114
1
Marginal physical product
115
1
Marginal revenue product
116
1
Equilibrium of the firm in input markets
117
Multiple inputs
118
119
Monopsony
119
2
Labor unions and collective bargaining
121
2
Backward-bending supply curve of labor
123
2
Economic rent
125
1
Ricardo's theory of land rent
126
2
THEME 11: Nonmarket allocation, government, and public choice
128
12
Market failure
129
1
Externalities
130
2
Nonmarket resource allocation
132
2
Public goods
134
1
Public goods: Costs and benefits
135
1
Measuring costs and benefits
136
1
Public choice
137
1
Public choice problems
138
2
THEME 12: Government: Taxation and regulation
140
8
Taxation
141
1
Tax incidence (excise tax example)
142
2
Collusion and antitrust laws
144
2
Regulation of natural monopoly
146
2
Glossary
148
5
Index
153