PART 1 Externalities and Public Goods. Preliminaries -- The Basics of Supply and Demand -- PART 2 Producers, Consumers, and Competitive Markets -- Consumer Behavior -- Individual and Market Demand -- Demand Theory-A Mathematical Treatment -- Uncertainly and Consumer Behavior -- Production -- The Cost of Production -- PART 3: Production and Cost Theory -A Mathematical Treatment -- Profit Maximization and Competitive Supply -- The Analysis of Competitive Markets -- PART 8 Market Structure and Competitive Strategy -- Market Power: Monopoly and Monopsony -- Pricing with Market Power -- Monopolistic Competition and Oligopoly -- Game Theory and Competitive Strategy -- Markets for Factor Inputs -- Investment, Time, and Capital Markets -- PART 4 Information, Market Failure, and the Role of Government -- General Equilibrium and Economic Efficiency -- Markets with Asymmetric Information -- Externalities and Public Goods.
Summary:
The contents of this text book cover markets and prices; producers, consumers and competitive markets; market structure and competitive strategy; and information, market failure and the role of government.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.