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| Genre/Form: | Terminology |
|---|---|
| Additional Physical Format: | Online version: Olney, Martha L. Microeconomics as a second language. Hoboken, N.J. : Wiley, c2009 (OCoLC)621848220 |
| Material Type: | Internet resource |
| Document Type: | Book, Internet Resource |
| All Authors / Contributors: |
Martha L Olney |
| ISBN: | 9780470433737 0470433736 |
| OCLC Number: | 244768458 |
| Notes: | Includes index. |
| Description: | xvi, 157 p. : ill. ; 24 cm. |
| Contents: | 1 Economics Tools: Math and Graphing 1 -- Introduction to Economics 2 -- Economic Models 3 -- Mathematical Tools 4 -- Graphing 6 -- 2 Production Possibilities Frontier, Economic Growth, and Gains from Trade 17 -- The Production Possibilities Frontier 18 -- Economic Growth 23 -- Gains from Trade 24 -- 3 Demand and Supply 31 -- Overview of Model of Demand and Supply 32 -- Demand 33 -- Supply 36 -- Equilibrium 40 -- 4 Extensions of the Demand and Supply Model 45 -- Price Floors and Price Ceilings 46 -- Excise Taxes 48 -- Consumer and Producer Surplus 53 -- Deadweight Loss of a Tax 57 -- 5 Consumer Theory 59 -- Utility Maximization 60 -- Budget Constraint 65 -- Indifference Curves 68 -- Consumer Equilibrium and the Demand Curve 71 -- Income and Substitution Effects 74 -- 6 Perfectly Competitive Firms 75 -- Production and Profit Maximization 76 -- Product Curves, Cost Curves, and Profit Maximization 77 -- Long-Run Average Cost 81 -- Maximizing Profit 83 -- Types of Industries 83 -- Profit 86 -- Shut Down or Produce? 88 -- In the Long Run, Economic Profit Equals Zero 89 -- 7 Imperfect Competition 92 -- Monopoly 93 -- Monopolistic Competition 98 -- Oligopoly 101 -- 8 Market Failure: Externalities and Public Goods 107 -- Externalities 108 -- A Graphical Approach: Negative Externality 109 -- A Graphical Approach: Positive Externality 111 -- Avoiding Government Intervention: The Coase Theorem 112 -- Public Goods 113 -- 9 Factor Markets 118 -- Labor Markets 119 -- Labor Supply 119 -- Labor Demand 121 -- Labor Market Equilibrium 124 -- Misuse of the Labor Market Model 127 -- Land Markets 128 -- Markets for Physical Capital 129 -- Answers to "TRY" Questions 133. |
| Responsibility: | Martha L. Olney. |
| More information: |
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