Microeconomics Made Simple
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Author | : Austin Frakt |
Publisher | : |
Total Pages | : 134 |
Release | : 2014-06-01 |
Genre | : Business & Economics |
ISBN | : 9780981454290 |
Download Microeconomics Made Simple Book in PDF, Epub and Kindle
Find all of the following topics, explained in plain-English: Introduction: What is Economics? Not a Perfect Model Microeconomics vs. Macroeconomics 1. Maximizing Utility Decreasing Marginal Utility Opportunity Costs 2. Evaluating Production Possibilities Production Possibilities Frontiers Absolute and Comparative Advantage 3. Demand Determinants of Demand Elasticity of Demand Change in Demand vs. Change in Quantity Demanded 4. Supply Determinants of Supply Elasticity of Supply Change in Supply vs. Change in Quantity Supplied 5. Market Equilibrium How Market Equilibrium is Reached The Effect of Changes in Supply and Demand 6. Government Intervention Price Ceilings and Price Floors Taxes and Subsidies 7. Costs of Production Marginal Cost of Production Fixed vs. Variable Costs Short Run vs. Long Run Sunk Costs Economic Costs vs. Accounting Costs 8. Perfect Competition Firms Are Price Takers Making Decisions at the Margin Consumer and Producer Surplus 9. Monopoly Market Power Deadweight Loss with a Monopoly Monopolies and Government 10. Oligopoly Collusion Cheating the Cartel Government Intervention in Oligopolies 11. Monopolistic Competition Competing via Product Differentiation Loss of Surplus with Monopolistic Competition Conclusion: The Insights and Limitations of Economics
Author | : Everest Media, |
Publisher | : Everest Media LLC |
Total Pages | : 15 |
Release | : 2022-04-29T22:59:00Z |
Genre | : Business & Economics |
ISBN | : 1669394379 |
Download Summary of Austin Frakt & Mike Piper's Microeconomics Made Simple Book in PDF, Epub and Kindle
Please note: This is a companion version & not the original book. Sample Book Insights: #1 Marginal utility is the additional utility gained from consuming an additional unit of a particular good. It is the reason people do not spend all of their money on a single good: consumption of most goods comes with decreasing marginal utility. #2 The opportunity cost of a choice is the value of the best alternative that you must forgo in order to make that choice. The opportunity cost of going to a movie is the forgone utility from the next most enjoyable activity you could have done. #3 In economics, the factors of production are the inputs used to create finished goods. They are land, labor, and capital. The ideal situation is to use all resources to their fullest capacity, or use the fewest possible resources for any given level of output. #4 A production possibilities frontier illustrates the various choices that an economic entity can make when choosing what to produce, given the constraints imposed by its limited factors of production.
Author | : Lynne Pepall |
Publisher | : John Wiley & Sons |
Total Pages | : 353 |
Release | : 2016-01-14 |
Genre | : Business & Economics |
ISBN | : 1119184401 |
Download Microeconomics For Dummies Book in PDF, Epub and Kindle
Your no-nonsense guide to microeconomics The study of microeconomics isn't for the faint of heart. Fortunately, Microeconomics For Dummies is here to help make this tough topic accessible to the masses. If you're a business or finance major looking to supplement your college-level microeconomics coursework—or a professional who wants to expand your general economics knowledge into the microeconomics area—this friendly and authoritative guide will take your comprehension of the subject from micro to macro in no time! Cutting through confusing jargon and complemented with tons of step-by-step instructions and explanations, it helps you discover how real individuals and businesses use microeconomics to analyze trends from the bottom up in order to make smart decisions. Snagging a job as an economist is fiercely competitive—and highly lucrative. Having microeconomics under your belt as you work toward completing your degree will put you head and shoulders above the competition and set you on the course for career advancement once you land a job. So what are you waiting for? Analyze small-scale market mechanisms Determine the elasticity of products within the market systems Decide upon an efficient way to allocate goods and services Score higher in your microeconomics class Everything you need to make microeconomics your minion is a page away!
Author | : Avinash Dixit |
Publisher | : Oxford University Press |
Total Pages | : 153 |
Release | : 2014-04 |
Genre | : Business & Economics |
ISBN | : 0199689377 |
Download Microeconomics Book in PDF, Epub and Kindle
The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.
Author | : Editors Of Wellfleet Press |
Publisher | : Wellfleet |
Total Pages | : 146 |
Release | : 2022-04-26 |
Genre | : Business & Economics |
ISBN | : 1577152352 |
Download Everyday Economics Made Easy Book in PDF, Epub and Kindle
Confidently develop and apply economic reasoning to everyday situations with the illustrated step-by-step instruction of Everyday Economics Made Easy.
Author | : Steven A. Greenlaw |
Publisher | : |
Total Pages | : 0 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 9781947172432 |
Download Principles of Macroeconomics for AP® Courses 2e Book in PDF, Epub and Kindle
Principles of Macroeconomics for AP® Courses 2e covers the scope and sequence requirements for an Advanced Placement® macroeconomics course and is listed on the College Board's AP® example textbook list. The second edition includes many current examples and recent data from FRED (Federal Reserve Economic Data), which are presented in a politically equitable way. The outcome is a balanced approach to the theory and application of economics concepts. The second edition was developed with significant feedback from current users. In nearly all chapters, it follows the same basic structure of the first edition. General descriptions of the edits are provided in the preface, and a chapter-by-chapter transition guide is available for instructors.
Author | : David M. Kreps |
Publisher | : Princeton University Press |
Total Pages | : 583 |
Release | : 2013 |
Genre | : Business & Economics |
ISBN | : 0691155836 |
Download Microeconomic Foundations I Book in PDF, Epub and Kindle
Provides a rigorous treatment of some of the basic tools of economic modeling and reasoning, along with an assessment of the strengths and weaknesses of these tools.
Author | : Martha L. Olney |
Publisher | : John Wiley & Sons |
Total Pages | : 182 |
Release | : 2009-01-27 |
Genre | : Business & Economics |
ISBN | : |
Download Microeconomics as a Second Language Book in PDF, Epub and Kindle
The serious message for marketing is that this is a textbook-agnostic supplement to Principles of Microeconomics written by an experienced professor who has taught this course to undergraduates at Berkeley for more than 10 years. Professor Olney incorporates her insights and experience in the classroom into this excellent text or supplement for all students interested in learning the key principles of Microeconomics. This could be used for the Principles course or as a supplement for any course in which students need a refresher.
Author | : Craig Depken |
Publisher | : McGraw Hill Professional |
Total Pages | : 338 |
Release | : 2005-12-14 |
Genre | : Business & Economics |
ISBN | : 0071486747 |
Download Microeconomics Demystified Book in PDF, Epub and Kindle
There’s no easier, faster, or more practical way to learn the really tough subjects Microeconomics Demystified features a clear and easy-to-understand presentation of the concepts and principles of microeconomics, with generous applications and examples. This self-teaching guide comes complete with key points, background information, quizzes at the end of each chapter, and even a final exam. Simple enough for beginners but challenging enough for advanced students, this is a lively and entertaining brush-up, introductory text, or classroom supplement.
Author | : Douglas Curtis |
Publisher | : |
Total Pages | : 435 |
Release | : 2021 |
Genre | : Electronic books |
ISBN | : |
Download Principles of Macroeconomics Book in PDF, Epub and Kindle
"Principles of Macroeconomics is an adaptation of the textbook, Macroeconomics: Theory, Markets, and Policy by D. Curtis and I. Irvine, and presents a complete and concise examination of introductory macroeconomics theory and policy suitable for a first introductory course. Examples are domestic and international in their subject matter and are of the modern era — financial markets, monetary and fiscal policies aimed at inflation and debt control, globalization and the importance of trade flows in economic structure, and concerns about slow growth and the risk of deflation, are included. This textbook is intended for a one-semester course, and can be used in a two-semester sequence with the companion textbook, Principles of Microeconomics. The three introductory chapters are common to both textbooks."--BCcampus website.