| Description |
1 online resource (141 pages) |
| Series |
Essentials Study Guides |
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Essentials Study Guides
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| Contents |
These "Little Books" have rescued lots of grades and more!; Title Page; Copyright Page; What REA's Essentials® Will Do for You; Table of Contents; CHAPTER 1 -- FUNDAMENTALS OF SUPPLY AND DEMAND; 1.1 ECONOMICS AND SCARCITY; 1.2 FACTORS OF PRODUCTION; 1.3 OPPORTUNITY COST; 1.4 PRODUCTION POSSIBILITIES FRONTIER; 1.5 INCREASING RELATIVE COSTS AND DIMINISHING RETURNS; 1.6 CHANGES OF SCALE-RETURNS AND ECONOMIES; 1.7 MARKETS-SUPPLY AND DEMAND; 1.8 EQUILIBRIUM OF SUPPLY AND DEMAND; 1.9 ELASTICITIES; CHAPTER 2 -- CONSUMER THEORY; 2.1 CONSUMER PREFERENCES; 2.2 CARDINAL APPROACH = MEASURABLE UTILITY |
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2.3 law of diminishing marginal utility2.4 indifference curves (ic); 2.5 marginal rate of substitution and law of substitution; 2.6 indifference map; 2.7 substitutes, complements, and indifference maps; 2.8 the budget line (bl); 2.9 consumer maximization and equilibrium position; 2.10 effects of changes of income and prices on the consumer equilibrium position; 2.11 income and substitution effects; 2.12 expenditure: consumption-income and engel curves; 2.13 categories of goods: normal, superior, inferior, and giffen goods; 2.14 consumer surplus |
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2.15 appendix: trade, edgeworth box, contract curveschapter 3 -- production-revenue and cost; 3.1 production and efficiency; 3.2 isoquants, isocost, and ridgelines; 3.3 product curves; 3.4 revenue; 3.5 cost; chapter 4 -- perfect competition; 4.1 perfect competition and profit maximization; 4.2 the demand curve for a perfectly competitive firm; 4.3 profit maximization under perfect competition -- short run; 4.4 profit maximization under perfect competition-long run; 4.5 advantages and disadvantages of perfect competition; chapter 5 -- the monopoly; 5.1 imperfect competition and monopoly |
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5.2 monopoly and profit maximization5.3 natural monopolies and barriers to entry; 5.4 price discrimination; 5.5 the multi-plant monopolist; 5.6 monopoly resource misallocation; 5.7 cartels and collusion; chapter 6 -- monopolistic competition and oligopolies; 6.1 monopolistic competition: characteristics; 6.2 monopolistic competition: demand and profit maximization in the short run; 6.3 long run equilibrium for the monopolistic competitor; 6.4 oligopoly: defined; 6.5 oligopoly: classical models; 6.7 non-price competition and implicit collusion; chapter 7 -- factor prices |
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7.1 forms of income generation7.2 perfect competition in the resource market; 7.3 resource demand for a competitive buyer and seller; 7.4 resource supply for a competitive market; 7.5 resource demand for a monopolist; 7.6 the monopsonist |
| Summary |
REA's Essentials provide quick and easy access to critical information in a variety of different fields, ranging from the most basic to the most advanced. As its name implies, these concise, comprehensive study guides summarize the essentials of the field covered. Essentials are helpful when preparing for exams, doing homework and will remain a lasting reference source for students, teachers, and professionals. Microeconomics includes the fundamentals of supply and demand, consumer theory, production, perfect competition, the monopoly, and factor prices |
| Notes |
Print version record |
| Form |
Electronic book
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| ISBN |
9780738671048 |
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0738671045 |
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